Skip to content
Main content

Fall 2009 Texas Leader

Giving News

Texas Leader - Fall 2009

2009 New Gift Planning members

Two new faces have joined the Gift Planning team this year. Meet Marcia Inger and Audra Pineda Strubbe.

Marcia IngerHave a question about tax law? Ask Marcia Inger. This tax law expert joined the team as a director in May.

Inger earned both her bachelor’s degree in art history and her law degree from the University of Virginia. She comes to Gift Planning from UT Austin’s Texas Advanced Computing Center, where she was chief development officer. Her first job in development was with an opera company, and she also worked in development for her alma mater. She practiced law for a while, too, working as an associate with the law firm of Morgan, Lewis & Bockius in Philadelphia.

When Inger isn’t at work, she’s probably running on a trail somewhere. Since 2007 she has run seven “ultramarathons” — races that are longer than marathons. This fall she is running her second 100K race (62 miles) and attempting her first 100-mile race. She makes it through those last few excruciating miles by remembering that she hates quitting more than she hates pain.

She loves books, travel, and movies — particularly quirky dark comedies. She is also a fan of Austin’s live music scene. She hasn’t missed an annual Austin City Limits Music Festival since she moved here; this year was her fourth.

She can be reached at minger@austin.utexas.edu or 512-232-8054.

Audra Pineda StrubbeDevelopment Associate Audra Pineda Strubbe is the person to call when you don’t know whom to call. Strubbe, who joined the team in January, can help direct you to the right person to assist you with your specific gift planning needs. She also handles logistics for the team.

Strubbe earned her bachelor’s degree in archaeology and anthropology from UT Austin. Her broad range of professional experience includes seven years as a technical editor and three years as an executive assistant for a lobbying firm. She has also worked as a veterinary technician, a baker, and a field lab director for archaeological projects in Belize.

Outside of work, Strubbe enjoys treasure hunting at yard sales, gardening, baking from scratch, decorating and remodeling with recycled items, and listening to live music. Her favorite things about the Austin area are the people, the music, and the lakes and swimming holes — “when they actually have water in them.”

You can reach her at 512-475-9632 or apstrubbe@austin.utexas.edu.

•••
Back to Top

•••

Supporting UT while increasing your income

Why a charitable gift annuity might be right for you

Are you married, file a joint tax return with your spouse, and estimate your 2009 taxable income will be $67,900 or less? Or single with taxable income of $33,950 or less? If you can answer yes to either question and also own stock that has appreciated, you may find that you can support something at UT that is meaningful to you while receiving a fixed income for life. What’s more, most of that income will be tax-free for many years.

A charitable gift annuity is a simple contract between a donor and The University of Texas Foundation. In exchange for an irrevocable gift of cash or securities, the foundation agrees to pay one or two annuitants a fixed sum each year for life. Here’s how it works:

A married couple are 72 and 70 years old and are at the 15 percent or 10 percent tax bracket. They own stock worth $10,000, for which they paid $8,000. If they contribute the stock to the UT Foundation for a

charitable gift annuity, each year they will receive $530. For the first 19 years, $200 of the $530 would be

subject to federal income taxes. The other $330 would be tax-free if the couple make a special election when they make the gift. After 19 years the full $530 would be subject to federal income taxes. About $3,000 of their $10,000 contribution would be a charitable contribution for tax purposes.

Charitable gift annuities work the same for single donors. Married or single, the older the annuitants are

at the time of the gift, the greater the fixed income the foundation can pay. Depending on your situation, another type of gift might make more sense. Either way, the UT Austin Gift Planning team is ready to work with you and your advisers, in confidence and without obligation.

To learn more, call Gift Planning at 512-475-9632 or toll-free 866-4UTEXAS (866-488-3927), e-mail giftplan@www.utexas.edu, or visit giving.utexas.edu/giftplanning.

Vince DiNino Gift Planning Alcalde AdFormer Longhorn Band Director Vince DiNino has chosen to give to the University through a series of charitable gift annuities. He discusses his decision in this ad in Alcalde magazine. “I would recommend it most highly for somebody who wants additional income during retirement,” he says.

•••
Back to Top

•••

The hidden philanthropist

Professor taught until age 95, quietly gave along the way

Professor John DullesJohn Watson Foster Dulles had a lot to brag about — his renown as a scholar, the dozen books he had written, his popularity with students.

But he wasn’t the kind of man to boast about his accomplishments.

The professor of Latin American studies was just as quiet about his prodigious philanthropy to the University. UT history professor Jonathan Brown, one of Dulles’ friends, colleagues, and former students, didn’t learn until after Dulles had died that he had given to UT for decades, usually multiple gifts a year.

Dulles’ gifts, including three bequests, spanned the University, but they often focused on his love of Latin American politics. He gave to the Teresa Lozano Long Institute of Latin American Studies, the Department of American Studies, the Harry Ransom Center, the Graduate School, the College of Liberal Arts, UT Libraries, the LBJ School, UT Athletics, the College of Natural Sciences, and UT Press, which published 10 of his books.

Dulles’ last gift to the University — to the Department of American Studies — came less than two weeks before his death on June 23, 2008. He died four days after his wife of 68 years, Eleanor Ritter Dulles.

Dulles was born in 1913 in Auburn, N.Y., to future Secretary of State John Foster Dulles and Janet Pomeroy Avery. When he died at age 95 he had taught at UT for 45 years and was the University’s oldest active teacher. He was preparing for a fall class titled “Recent Brazil, 1919 to the Present” and still commuted between Austin and his home in San Antonio.

Although Dulles had an impressive academic pedigree that included degrees from Harvard and Princeton, he didn’t make higher education his profession until age 49. He joined UT’s faculty in 1962 after careers in mining and banking. For 25 years he held a second faculty position at the University of Arizona, teaching at Texas in the fall and Arizona in the spring.

Dulles fell in love with Latin American politics while working for mining companies in Mexico and Brazil. His first book, about the Mexican revolution, was published by UT Press in 1961. UT Press also published nine of his 11 subsequent books, all of them about Brazilian politics. A self-described “computer illiterate,” Dulles wrote all his manuscripts on yellow legal pads.

Brown, a graduate student of Dulles at the University of Arizona, recalls that Dulles liked to teach using anecdotes.

“He was a master storyteller,” Brown says. “That was true of his writing and his lectures.”

Dulles’ classes were so popular that there was often not enough space for all the students who wanted to enroll.

“What (students) recognized was the value of a mentor who was both painstaking and objective in his research, patient in his teaching, and one who made ample intellectual room for those who sought to work under his guidance,” economics professor emeritus William Glade wrote in a Faculty Council resolution honoring Dulles.

•••
Back to Top

•••

Gates gift boosts new computer science complex

Bill & Melinda Gates Foundation GiftOne of the nation’s leading computer science departments is a big step closer to having a new state-of-the-art home, thanks to a $30 million challenge grant from the Bill & Melinda Gates Foundation.

The $120 million project, which will consist of two buildings and a connecting atrium, will be named the Bill & Melinda Gates Computer Science Complex in honor of the gift. The Gates Foundation gift brings the total money raised for the complex to $60 million. The College of Natural Sciences must raise the remaining $60 million before construction can begin.

“This investment will advance the University’s computer science program and help prepare future generations of innovative leaders,” says Bill Gates, co-chair of the Bill & Melinda Gates Foundation. “We believe it will also complement our foundation’s wider goal, to increase the number of students who graduate from high school ready to succeed in college, and then the number of students who graduate from college.”

The Gates Foundation joins the Michael & Susan Dell Foundation in contributing to the building campaign. The complex’s north building will be named Dell Computer Science Hall in honor of a $50 million gift the Dell Family Foundation made to the University of Texas System, of which $10 million will be used for the computer science complex.

The Department of Computer Science is currently scattered among six buildings across campus and has more than 900 undergraduate majors, 250 graduate students, and 52 faculty members. The new Gates Complex will bring the entire department together for the first time and will feature state-of-the-art laboratory space, classrooms, faculty and graduate student offices, a 200-seat lecture hall, and more than 24 discussion areas and seminar rooms.

For more information about giving to the Computer Science Complex, contact Glenn West (512-471-9723, glenn.west@mail.utexas.edu) or Kay Thomas (512-471-3299, thomaskay@mail.utexas.edu).

•••
Back to Top

•••

Not just for the wealthy

Estate planning now protects family and values later

Many of us spend lots of time talking with friends and financial advisers about how to save for younger family members’ education, how to buy a home, and how and when to retire, but we do not talk about what will happen to our assets when we are gone or about the legacy and values we want to pass on.

Estate planning is not just for the wealthy. Talking about and planning now for this time will prevent your loved ones from dealing with financial chaos at the same time that they are dealing with the emotional pain of losing you. Planning today will help protect your estate while you are living and distribute your assets when you are gone in accordance with your wishes. Thorough planning can help avoid problems, save money and taxes, and protect loved ones. And estate planning doesn’t have to be complicated. Comprehensive estate planning is really about taking control of your own life and legacy and providing for whom and what you love. Texas law contains some unique estate administration provisions that can save your loved ones thousands of dollars, so planning with an attorney knowledgeable about Texas law is even more important if you are a resident of Texas.

Comprehensive estate planning enables you to:

  • Ensure that your values will be respected and your wishes followed during times of illness.
  • Allow a trusted family member or friend to manage your finances and have access to needed health information if you are incapacitated.
  • Protect your family from the cost of your health care and long-term care expenses.
  • Provide for loved ones with special needs or disabilities.
  • Prevent family disputes.
  • Protect and provide for your loved ones and for what you hold most dear at The University of Texas at Austin.

For more information about gift planning,

please call 866-4UTEXAS (866-488-3927), e-mail giftplan@www.utexas.edu or write to:

The University of Texas at Austin
University Development Office
P.O. Box 7458
Austin, Texas 78713

•••
Back to Top

•••

Art Work

Monday, June 19, 2017

Real (Estate) World Experience

Monday, June 19, 2017

Building the Future of Nursing

Monday, April 17, 2017

Taking Action

Monday, April 17, 2017

Practical Activism

Monday, April 17, 2017

Read More News