panama Posted March 5, 2014 Group: Member Topic Count: 2 Content Count: 36 Reputation: 5 Days Won: 0 Joined: 06/23/2010 Share Posted March 5, 2014 (edited) Fire an AD. Get an $8M gift. Duly noted. Congratulations. http://www.unstoppable.usf.edu/fnd_web/press-releases-details.aspx?ID=1680 Edited March 5, 2014 by panama Link to comment Share on other sites More sharing options...
Rizman Posted March 5, 2014 Group: Member Topic Count: 2,227 Content Count: 20,632 Reputation: 792 Days Won: 10 Joined: 01/02/2007 Share Posted March 5, 2014 Awesome, and 2 million goes to Athletics. Link to comment Share on other sites More sharing options...
Mike Stuben Posted March 6, 2014 Group: Member Topic Count: 68 Content Count: 2,032 Reputation: 755 Days Won: 18 Joined: 04/08/2012 Share Posted March 6, 2014 This is awesome. I was his account rep back in the day, he is a very nice person. I do want to point one thing out, for those who don't know the terms the article used. This gift is through his estate, which I read it to mean his will. USF may not get the money for another 40 years (I hope for his sake). That in no way diminishes the impact of his gift and kindness, I just don't want anyone on here to start spending the money right away. Link to comment Share on other sites More sharing options...
charsibb Posted March 7, 2014 Group: Member Topic Count: 653 Content Count: 31,049 Reputation: 2,487 Days Won: 172 Joined: 08/30/2011 Share Posted March 7, 2014 This is awesome. I was his account rep back in the day, he is a very nice person. I do want to point one thing out, for those who don't know the terms the article used. This gift is through his estate, which I read it to mean his will. USF may not get the money for another 40 years (I hope for his sake). That in no way diminishes the impact of his gift and kindness, I just don't want anyone on here to start spending the money right away. Interesting. Unless it's got some sort of a non-revocable clause, he could simply write a new will and leave us out of it. Agree. Don't spend anything yet Link to comment Share on other sites More sharing options...
Mike Stuben Posted March 7, 2014 Group: Member Topic Count: 68 Content Count: 2,032 Reputation: 755 Days Won: 18 Joined: 04/08/2012 Share Posted March 7, 2014 This is awesome. I was his account rep back in the day, he is a very nice person. I do want to point one thing out, for those who don't know the terms the article used. This gift is through his estate, which I read it to mean his will. USF may not get the money for another 40 years (I hope for his sake). That in no way diminishes the impact of his gift and kindness, I just don't want anyone on here to start spending the money right away. Interesting. Unless it's got some sort of a non-revocable clause, he could simply write a new will and leave us out of it. Agree. Don't spend anything yet I said will to take the simple road. It could be a lot more complex than that. He could own blue chip stock where he lives off the dividends (and other income) ... and he contractually agreed that after his death the stock is transferred to USF. Or life insurance that names USF the beneficiary. There is little chance of the gift going away because in instances like this, there are contracts. Remember, he gets perks now for the gift, which help ensure that it will certainly come when the time is right. When I said don't spend it, I wasn't worried about it coming .... I was just saying it may be a long time in the future. (because George is pretty young and appears to be in great health) The credit and appreciation for the gift shouldn't change, this is a huge commitment to USF. Link to comment Share on other sites More sharing options...
charsibb Posted March 7, 2014 Group: Member Topic Count: 653 Content Count: 31,049 Reputation: 2,487 Days Won: 172 Joined: 08/30/2011 Share Posted March 7, 2014 Cool. Thanks for the info. Now, if we could just get one of our own to win the megamillions and fund the OCS... Link to comment Share on other sites More sharing options...
&rew Bull Posted March 8, 2014 Group: Member Topic Count: 91 Content Count: 1,714 Reputation: 271 Days Won: 9 Joined: 12/19/2010 Share Posted March 8, 2014 Cool. Thanks for the info. Now, if we could just get one of our own to win the megamillions and fund the OCS... I'm working on it through Buffett's billion dollar bracket challenge. Link to comment Share on other sites More sharing options...
charsibb Posted March 8, 2014 Group: Member Topic Count: 653 Content Count: 31,049 Reputation: 2,487 Days Won: 172 Joined: 08/30/2011 Share Posted March 8, 2014 Cool. Thanks for the info. Now, if we could just get one of our own to win the megamillions and fund the OCS... I'm working on it through Buffett's billion dollar bracket challenge. You going to build a JerryWorld clone???? Link to comment Share on other sites More sharing options...
CousinRicky Posted March 14, 2014 Group: TBP Subscriber III Topic Count: 555 Content Count: 20,639 Reputation: 4,650 Days Won: 96 Joined: 09/13/2007 Share Posted March 14, 2014 This is awesome. I was his account rep back in the day, he is a very nice person. I do want to point one thing out, for those who don't know the terms the article used. This gift is through his estate, which I read it to mean his will. USF may not get the money for another 40 years (I hope for his sake). That in no way diminishes the impact of his gift and kindness, I just don't want anyone on here to start spending the money right away. Interesting. Unless it's got some sort of a non-revocable clause, he could simply write a new will and leave us out of it. Agree. Don't spend anything yet I said will to take the simple road. It could be a lot more complex than that. He could own blue chip stock where he lives off the dividends (and other income) ... and he contractually agreed that after his death the stock is transferred to USF. Or life insurance that names USF the beneficiary. There is little chance of the gift going away because in instances like this, there are contracts. Remember, he gets perks now for the gift, which help ensure that it will certainly come when the time is right. When I said don't spend it, I wasn't worried about it coming .... I was just saying it may be a long time in the future. (because George is pretty young and appears to be in great health) The credit and appreciation for the gift shouldn't change, this is a huge commitment to USF. Don't read this Board much but saw this topic. Was going to do a little advertising for USF fund raising in football season when there are more readers. But since there is some discussion of this, Mike was right on with the Insurance thing. My wife and I just signed the papers a few weeks ago to finalize an insurance policy for $250,000 with USF as the beneficiary. So the money going toward the premium counts toward our annual donation. They give up some current income for more future bucks. Depending on your age it is something that they will encourage. But I do have someone from USF try our food before we eat anything now when we are at USF events. Link to comment Share on other sites More sharing options...
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