Browser warning

Today's Plans, Tomorrow's Leaders

Charles Goulding

Charles Goulding

Dr. Charles Goulding '39 accomplished many things since walking in the fourth graduating class of The University of Tampa. His spirit of accomplishment lives on at UT. In his will, Charles created two endowed scholarships that still help students today.

As a chemical engineer, Charles discovered a way to make penicillin more efficiently, saving many lives. His long, productive engineering career took him overseas to Brazil, Mexico, Korea and Venezuela. He returned to the U.S. and participated in the exciting technological advances of the Space Age, securing four patents along the way.

In 1993, Charles visited UT from his Tennessee home. He told us that his greatest ambition was "to find a cure for all virus infections." When he died in 1995, we learned that Charles had another ambition. He made a bequest in his will to provide full scholarships for members of the Native American Pamunkey tribe of Virginia. He also created a second scholarship for UT chemistry students.

The Pamunkey tribe played a part in early American history. The Pamunkey were part of the mighty Powhatan Indian territory that the first English colonists encountered when settling Jamestown in 1607. One of Chief Powhatan's largest tribes lived on the Pamunkey River, which flows into the Chesapeake Bay. Chief Powhatan's daughter, a young girl named Pocahontas, helped the settlers and became part of history.

You Can Affect the Future
Senior Brittany Rubrecht '11 is only weeks away from receiving her UT diploma. She receives a full scholarship from the Charles E. Goulding Endowed Fund. One-quarter Pamunkey, Brittany is an advertising and public relations major who hopes to write for a magazine one day.

The plans that Charles made almost two decades ago make an incredible impact today on UT students like Brittany. You can create your own legacy by including The University of Tampa in your will today. A decision you make today could help a future leader emerge from The University of Tampa tomorrow.

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.