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Why I Give: Gary Simon

Gary SimonDirector of Adult and Summer Academic Programs, and Lecturer in Marketing at UT 

Q: How long have you been at UT? Where did you work before?
A: I came to UT in August 2002, starting as an adjunct marketing instructor. I later moved into a full-time assistant professor position and took my current position in summer 2009. Before UT, I owned or had part ownership in several companies, and I worked in marketing and general management at area professional services firms.

Q: Why did you choose to teach at UT?
A: Opportunity knocked. I had been teaching a couple courses at another institution in the area when I met Hemant Rustogi, chair of the marketing department. Over lunch one day, he asked me to teach some marketing classes, and I agreed. UT's reputation made it a very appealing place at which to teach.

Q: How did you get involved in adult and summer academic programs?
A: A decision had been made to form the Office of Graduate and Continuing Studies (OGCS), and the provost asked if I would be interested in working in this new office. After discussions with Donald Morrill, associate dean of graduate and continuing studies, I decided it would be very interesting, and I could use my business skills and still teach part time in the College of Business.

Q: What do you like about the students?
A: The diversity of our student body leads to fascinating conversations and insights from them, and I generally find our students to be polite and respectful. I only teach graduate students now, and they are almost always very eager to learn and dedicated to improving themselves. I'm always excited to see the wonderful and often creative projects my students develop for their major class project.

Q: What do you enjoy most about your job?
A: For one, I get to collaborate with faculty and staff in almost every corner of the University. They are hardworking and really care about this institution and helping every student become a better person. Also, Dr. Morrill and I work extremely well together; it's probably the best working relationship I've had in my entire professional career. I think I have a unique opportunity to really make a difference in the lives of people and in the future of UT, because in OGCS, we can try new things, explore, innovate and help prepare UT for the changes coming to higher education. Plus, I get to be around students who keep me feeling younger and who make me laugh.

Q: Why do you support UT?
A: Education is very important. I've always believed that, and that belief makes it worth supporting. I give a little from each of my paychecks, and my wife, Sandi, and I have designated a percentage of our estate to UT. It also makes it easier for me to ask others to support education when I'm doing it. I have a close affiliation with four universities, and since UT has been so good to me, it gets my priority.

Show Your Support
Including UT in your estate is a powerful way to impact the University and prepare tomorrow's students to lead and succeed. Contact The Office of Planned Giving at 813-258-7373 or to explore your options today.

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.

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