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Emphasizing Education

Ernest Segundo '56 has a quiet demeanor. But when he touches on the subject of his formative years at The University of Tampa and what they mean to him, Segundo becomes UT's loudest cheerleader. Adjectives such as "innovative," "best" and "visionary" tumble off his tongue, and it doesn't stop there...Ernest is a man on a mission.

"I'm very strong on education," Ernest says. "If it weren't for the opportunities I received at UT, I don't think I would have been as successful as I have been. My parents were not wealthy people, but they always emphasized education."

Ernest was born in Matanzas, Cuba. In the 1940s his father came alone to the United States, where he first learned of The University of Tampa from a colleague.

"My father came back to Cuba for a visit and told me if I finished school, I could come to the U.S. and attend college at UT," Ernest says. "I was very involved in politics in Cuba, so at the time, school was not so important to me."

However, he decided to accept his dad's offer. When he arrived in Tampa, he went straight to UT and enrolled. It was a new world for the young immigrant. He spoke very little English and was accepted on condition he prove he could be academically successful.

Not only did he prove himself capable, he became a student leader as junior class president, vice president of inter-fraternity and sorority council, and president of Rho Nu Delta fraternity. Upon graduation, Ernest was awarded the UT Achievement Medal for Leadership, the first undergraduate to receive this honor.

Ernest had another surprise waiting for him at UT; he met Connie Felicione '56, his late wife to whom he was married for 49 years. The couple had three children: Ernest Jr., Stephen and Tara Marie.

Prepared for Leadership
With a degree in hand, Ernest secured a position with Mosaic Tile as a sales trainee for Latin America. He ultimately landed a job with Continental Oil Co. (Conoco) and held a number of positions focusing on international sales and marketing.

In 1984, he joined Vista Chemical Co. and was responsible for new business development, marketing and monitoring economic and political developments in Latin America and the Caribbean. In 1990, he retired and has focused much of his energy on supporting UT.

Ernest is a former member of the Board of Fellows, and in 1997, joined UT's Board of Trustees. He is trustee emeritus and on the board of the National Alumni Association. In 2002 he was selected for the Esse Quam Videri Outstanding Alumni Award.

While giving generously to the University, Ernest decided to include UT in his estate plans by making a gift through an insurance policy.

"I wish more people would consider a gift that would benefit the University," he says. "I've encouraged others to make a gift and will continue to do so."

When they are not involved in UT activities, Ernest and his wife, Carol, spend much time traveling across the county as well as abroad.

Show Your Support
To find out more about how you can help make a lasting impact on UT students and programs through a planned gift, please contact The Office of Planned Giving at 813-258-7373 or ctully@ut.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to The University of Tampa a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

The official legal bequest language for The University of Tampa is: "I, [name], of [city, state, ZIP], give, devise and bequeath to The University of Tampa [written amount or percentage of the estate or description of property] for its unrestricted use and purpose." 

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to The University of Tampa or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to The University of Tampa as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to The University of Tampa as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and The University of Tampa where you agree to make a gift to The University of Tampa and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.