Cowboy Legacy

Tom Stroock Ambassador of Generosity

By TAMARA LINSE need not be incompatible with preserving the best possible mbassador Thomas natural environment. Stroock was a passionate and dedicated public Their UW International Aservant whose generosity to his Endowment, established in adopted home state of Wyoming 2001, supports a wide range and to its university extends way of international programs and beyond his lifetime. scholarships—for example, study abroad and international “When I first came to Wyoming, travel, international speakers, I thought I’d died and gone to and international faculty and heaven,” said Tom in a 2009 student stipends and awards. interview. Tom and Marta also supported SUMMER 2010 the UW chapter of Engineers Vol. 1, No. 2 TOM STROOCK Tom’s large bequest to UW Without Borders. continues his support of the Stroock Professorship of Natural Jean Garrison, Director of “Exposing students to the broader Inside this Issue Resource Conservation and International Studies, says, world is what a university should Management, which he and his “What Ambassador Stroock has do,” said Tom. “It should expand wife Marta established in 1988. done for International Studies the horizons and the knowledge Message from the The bequest also continues over the years has helped students and the attitude of the people Director of Planned his support of International coming from places like Baggs, in the state. UW doing that is Giving: Programs that he loved and to students like me [from Dayton], wonderful. It’s exciting to watch, which he dedicated much time. to accomplish so much.” and it was exciting to be part of it.” a year of planned gifts...... 2 It will also support the curation and digitization of his papers at Last year, with the help of Tom has been a part of Wyoming’s Railroad Expert: the American Heritage Center. the Stroocks and many other and UW’s internationalization leaves a legacy...... 3 people, UW’s international for most of his adult life, and he Tom and Marta’s support of programs were all united served as the U.S. Ambassador natural resource conservation under one roof, the Cheney to Guatemala from 1989-92 Campus Update: is a natural outgrowth of Tom’s International Center. These under President George H. W. energy programs...... 4 love for Wyoming and his pride programs include International Bush. It was one of his proudest in representing the mineral Programs, headed by Anne accomplishments. industry while also making Alexander, and International UW Successes...... 5 significant contributions to Studies, headed by Jean Garrison. “Everybody in the embassy environmental and wildlife International Programs leads worked like hell to do a great Ask Tracy: conservation. The Stroock UW’s internationalization efforts job,” Tom said. “Because they did what is probate?...... 5 Professorship in the College and includes visiting scholars and such a good job, it made me look of Business was established to Study Abroad, while International good. We got all kinds of awards further his belief that the best Studies is a degree program for and kudos because we had an Ways to Give: possible use of natural resources faculty and students. Continued on page 7 bequests...... 6

A Publication UNIVERSITY of the University OF WYOMING of Wyoming FOUNDATION Foundation | 1 Cowboy Legacy

Cowboy Legacy A Message from Tracy Richardson

Cowboy Legacy is published twice a Dear Friends and SUPPORTERS, year and sent to friends and donors of the University of Wyoming. We e are nearing the end of an incredibly challenging but encourage you to share with us your rewarding and successful year at the University of Wyoming questions or comments regarding Foundation. For fiscal year 2010, I am pleased to report this newsletter. dueW to the overwhelming generosity of our alumni and friends, we Ben Blalock have received over $29 million in new gifts and commitments. Pretty President and CEO remarkable considering the financial climate this past year. In addition, John Stark we have documented 25 new planned gift commitments totaling Vice President over $3.5 million in estimated gift expectancies. On the investment Mary Ann Garman side, things are looking brighter as well, with our endowment rising Treasurer and CFO above $260 million in recent months. We are truly blessed to be in Mary Ivanoff Wyoming, to work at the University of Wyoming, and to have friends Director, Advancement Operations and supporters that stand behind our state’s university. Toby F. Marlatt Director, Marketing and Strategic Planning This year has been bittersweet. We have been very fortunate in terms of planned gifts that have come to Christopher Spooner us as a result of the foresight and planning of some very notable and distinguished alumni and friends. Director, Corporate and Foundation Giving However, these gifts come to us from those with whom we have forged deep and enduring relationships. Tracy Richardson Director, Planned Giving The university lost some great friends this year—Tom Stroock, Cliff Hansen, Bill Campbell, Emmett Chisum, Jack Cassari, Don Ritter, and Mary Lou Atkins, to name just a few whose legacies live on in the Candy Paradis Director, Annual Giving many lives they have touched here on campus and across the state. What is truly remarkable about these Kent Noble individuals was not only their support and passion for UW during their lives but also that they each went Development and External Relations that extra mile with exemplary gifts through their estate plans. This is truly one of the most personal and Consultant remarkable things a UW supporter can do for this great institution. In fact, this has been one of our most Stephanie Anesi remarkable years ever, with over $11 million in realized estate gifts. We cannot thank these individuals Major Gift Officer and their families enough for what they have done to strengthen the university. Jane Barghothi Major Gift Officer I hope you find this edition of Cowboy Legacy insightful, thought-provoking, and informative, and Laura Baxter Major Gift Officer I hope it provides a glimpse of the amazing things that can be accomplished through thoughtful gift planning. Finally, I hope that it will help you consider where the University of Wyoming fits into your Tamara Linse Editor long-term plans and how you might be able to leave a legacy. Kimberly J. Shannon Graphic Design Thank you for all your continued and outstanding support. I welcome a phone call or email at any time and look forward to meeting many more of you in the days and years to come. University of Wyoming Foundation 1200 East Ivinson Street All the best, Laramie, WY 82070 Phone: (307) 766-6300 “We cannot thank these individuals Toll Free: (888) 831-7795 and their families enough for what they Fax: (307) 766-4045 uwyo.giftlegacy.com have done to strengthen the university.” Tracy R. Richardson, JD, LLM [email protected] Tracy Richardson Director of Planned Giving GIVE ONLINE AT WWW.UWYO.EDU/GIVEONLINE

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Railroad Expert Leaves By TAMARA LINSE A Legacy im Ehernberger has worked his whole life Director of the American Heritage Center to support the area Jim cares about—his on what he is passionate about, and now (AHC), to organize and donate his collection. wonderful railroad papers and photographs he wants to pass it on to others. at the AHC. An added bonus: because he J “I thought at the time that, such a large was able to take advantage of state matching Jim loves the railroad. He saw his first train collection, unless it sees some funding, they funds, the AHC is able to use the expendable at age four and has never looked back. As a would not want it or it wouldn’t remain on the state-match portion of the funds now. kid, he hung out at the depot and started active,” says Jim. “That’s why I wanted to collecting train schedules. He got his first job fund it: to keep it active.” This endowment Setting up the retained life estate was very at age 16 for the Union Pacific Railroad in supports not only this collection but easy and flexible, Jim says: “You do need to Cheyenne and stayed on for thirty-four years. also other future transportation-related plan. The first time you think about it, it will collections. feel odd. It’s a funny feeling to plan for the “I loved what I did,” Jim says. hereafter. But once I did it, I felt relaxed. If ”Unlike some archives,” says AHC Director you make plans, you can relax. I felt good He is a world-renowned photographer of Mark Greene, “we never require monetary about that—goal accomplished.” trains, and he has amassed one of the largest donations in order to accept and preserve collections of Union Pacific and transportation- an important collection. But our entire You can tell that Jim spent part of his working related material—a collection that he wants program relies heavily on private funding, life as a clerk—and you can tell that he was to share with others. And so, since 1995 Jim so the generosity of individuals such as really good at what he did. All you have to do has been working with Rick Ewig, Associate Jim makes a huge difference to our overall is take one look at his basement. He is in the operations. We are tremendously process of organizing the tens of thousands grateful for his foresight not of photographs and negatives he has taken only philanthropically but just and collected. as importantly by donating his amazing collection for the use of Neatly labeled filing cabinets line the walls generations to come.” and are filled with carefully aligned file folders. Negatives in professional-grade “Having money available is sleeves are labeled and associated with prints, important,” Jim says. “If you want which are also in protective envelopes. Some a collection preserved and made cabinets are organized alphabetically and available through cataloging and some by subject, depending on the best way other means, it is important that to access them. money is considered.” Jim’s collection is truly remarkable. At To fund the collection, Jim set up present, the AHC holds 631 boxes, or 424.9 a retained life estate. Under this cubic feet, but it does not yet contain all of JIM EHERNBERGER agreement, Jim’s house is donated Jim’s invaluable collection, including the to the University of Wyoming, photographs he’s working on. yet he is able to live in it for the remainder of his life, and he realizes “It would be such a shame to destroy it all,” a sizable income tax deduction. Jim says. “It would be more than a shame,” In addition, because the State echoes AHC Associate Director Rick Ewig, Matching Program was still in “it would be an historical tragedy. Jim’s effect at the time of the gift, Jim collection is unparalleled.” was able to double his donation with state dollars. Jim would also Now, Jim is making all this amazing material like to invite others to support this available for everyone, and that ends up worthy area of collection. being what he is passionate about—passing it on to others. He loves to do the research At the end of the life estate term, and know the history and then be able to tell the title of the house will be people the exciting story of their relatives, Union Pacific Extra 3992 West near Archer, Wyoming, August 17, 1957 transferred to UW, which is then such as the 1949 blizzard or perhaps running (photo by J. L. Ehernberger) able to sell it and use those funds a train from Cheyenne to Denver.

UNIVERSITY OF WYOMING FOUNDATION | 3 Cowboy Legacy

UW Building an Incredible Energy Future

he University of Wyoming is building toward an incredible future, including its energy-related programs. Energy is the cornerstone of Wyoming’s economy, and UW is poised to extend Wyoming’s energy wealth far beyond today’s expectations. T UW’s energy programs have received nearly $53 million in gifts from individuals and corporations, which includes nearly $25 million in State of Wyoming matching funds. In total, the State of Wyoming has invested more than $226 million since 2004 for activities related to energy teaching, research, and outreach. Many of these projects are supported by private gifts and partnerships with industry.

• The mission of the School of Energy Resources is to ensure that computational capabilities and the intellectual resources to aid Wyoming fulfills its promise to be a global leader in building the nation’s goal of enhancing energy security while reducing a secure and sustainable energy future through academics, energy-related environmental impact through wind energy. research, and service. • Carbon Management Research Center is crucial to monitor and • Enhanced Oil Recovery Institute (EORI) is a center of excellence assess the state of CO2 at the surface and subsurface, as well as to and knowledge regarding the implementation of Enhanced Oil predict its movements and chemical behavior over time. Recovery techniques in Wyoming. • Center for Energy Economics develops empirically based • Coal Bed Natural Gas Center focuses on cost-effective extraction energy-economy models to estimate the economic impacts of of natural gas while minimizing environmental impacts energy policies. and stimulating additional natural gas production through sustainable biogenic production. • The vision of the College of Engineering and Applied Science is to be recognized nationally and internationally for excellence in • Wyoming Reclamation and Restoration Center provides education and research and for its central role in the economic research, education, and outreach on land reclamation and development of Wyoming. Its education, research, and service restoration based on theoretical and applied principals. encompass all the energy disciplines—from chemical and petroleum engineering to earth systems engineering and • Clean Coal Technologies Center supports the development of atmospheric science. improved technologies for the extraction of energy from coal. • The Haub School, a model in interdisciplinary learning, provides • Fundamentals of Fluid Flow Research Center models the students with applied learning experiences that prepare them to movement of fluids in porous media, which has application for solve natural resource issues. The Ruckelshaus Institute, a leader the extraction of oil and gas. in the collaborative process in environmental decision-making, produces scientific reports and convenes events on natural • Wind Energy Research Center provides the experimental and resource issues.

The Please welcome our new members The University of Wyoming Foundation Legacy Society has been established to recognize and thank the many alumni and friends who have so generously made an estate commitment or a deferred gift to the University of Wyoming Foundation.

Anonymous Kurt C. Feltner Charles and Emma Jean Mader Anonymous Kenyon N. Griffin Charles J. McKinley x Larry D. Baccari Rev. Loy H. and Colleen C. Harris John Patrick Michael and Mary K. Murphy Shirley N. Bessey Catherine M. Howard J. C. Rhodes, Jr. Richard T. and Joyce L. Clark Michael C. Humphreys Tracy R. and Cebee M. Richardson John J. and Eleanor L. Corbett Richard W. Lang Terry P. and Beverly B. Roark Legacy John M. Dunn and Deanna Baker Anne Siren Levig Barbara J. Young Society Cecile A. Elliott Gwendolyn L. Whallon 4 | UNIVERSITY OF WYOMING FOUNDATION Cowboy Legacy

Recent UW Successes Ask Tracy and Highlights Ask Tracy is a feature in which people ask questions about annuities, charitable remainder trusts, bequests, • The University of Wyoming is ranked among the nation’s most and other planned giving opportunities. environmentally responsible colleges, according to the Princeton Review’s Guide to 286 Green Colleges, a comprehensive guidebook What is probate and when is my estate subject to the solely focused on institutions of higher education published by the probate process? Princeton Review and the U.S. Green Building Council. The ranking Q. is awarded to institutions that have demonstrated “an above average In my experience as an estate planning attorney and commitment to sustainability in terms of campus infrastructure, A. now as the Director of Planned Giving at the UW activities, and initiatives.” Foundation, one of the most commonly misunderstood terms is “probate.” One of the most frequent questions I’m asked is • UW’s American Heritage Center has been awarded the Society of this: “If I have a will, I won’t have to go through probate, right?” American Archivists’ 2010 Distinguished Service Award, which is Wrong—in fact, having a will that directs to whom and how the most prestigious honor that can be bestowed on an institution your property will pass upon your death virtually guarantees by the nation’s primary organization dedicated to ensuring the that your estate will be involved in the probate process. Another identification, preservation, and use of records of historical value. common misconception is that probate is awful and should be avoided at all costs. Again, this is not true and, depending on your state of residency and the particular laws and procedures • The UW/CC Center honored 15 Myra Fox Skelton scholarship of that state, the probate process can be a fairly smooth and recipients and the foundation that established the award during seamless transition that takes no longer than a non-probate a luncheon. This award is 10 years old and provides a monthly administration. Indeed, it is rare that an estate is not somehow payment for single parents trying to balance classes with family and subject to the jurisdiction of the probate court. work. Probate is formally defined by Black’s Law Dictionary as the • Research on undersea lava flows by UW associate professor Kenneth procedure by which a will is proved to be valid or invalid. W. Sims, along with former student J.J. Standish of Harvard, has Informally, it is the process by which someone’s assets been published in the prestigious international science journal are gathered, accounted for, and distributed to heirs and beneficiaries—this is true whether or not you have a will or Nature Geoscience . die intestate (without a legally valid will). During the process, creditors are identified, and final debts and expenses are paid • Professor Greg Brown, head of the Department of Botany and from the probate assets. As you can imagine, the process takes former associate dean of the College of Arts and Sciences, has been some time and involves an attorney and the court. It is also a appointed to a three-year term as director of the Robert and Carol public proceeding in which the will and all of the related probate Berry Biodiversity and Conservation Center at the University of documents can be reviewed by anyone. Wyoming. With that said, probate is a process that usually can be easily • UW’s collaborative process efforts were boosted with the hiring of navigated with the assistance of a qualified probate attorney. Thus, any time an individual owns property in his orher Steve Smutko as the new Wyoming Excellence Spicer Distinguished individual name on date of death, his or her estate is going to Chair in Environment and Natural Resources—a first of its kind in be subject to the probate process. The only sure, known way to the nation devoted to collaborative decision-making. effectively avoid probate—and to implement a comprehensive and sound estate plan—is by implementing a revocable living • In late May, UW Libraries formally dedicated the B. Oliver Walter trust as your primary disposition vehicle. Group Study Room, which was established by UW alum Douglas Reeves “to acknowledge a man who has inspired countless UW For More Information Contact: students with his wit, scholarship, and encouragement.” Tracy Richardson, Director of Planned Giving • Ernest Lawson (a student in American Studies and the Haub School University of Wyoming Foundation of Environment and Natural Resources) received the Wyoming (307) 766-3934 or [email protected] National Science Foundation EpSCoR Undergraduate Research uwyo.giftlegacy.com Fellowship and a Wyoming NASA Space Grant Consortium Award.

UNIVERSITY OF WYOMING FOUNDATION | 5 Cowboy Legacy

A Simple Way to Create a Lasting Impact ven though gift planning tools such all or part of what is left to one or more as charitable remainder trusts and The charitable bequest is charitable organizations. This type of giving gift annuities are useful in many assures that your family members will receive Esituations, they can be quite complex and the life-blood of planned what you want them to have before any assets time-consuming to implement. A much are distributed to UW. more common way to leave a gift is through giving programs—or any a bequest. A charitable bequest is simply a fundraising program for Example language: “The rest, residue, and gift of money, real estate, securities, or other remainder of my estate shall be paid over property to the University of Wyoming that matter. and delivered to the University of Wyoming through one’s will or revocable trust. Foundation, a non-profit corporation to bequeath that property. However, we organized and existing under the laws of The charitable bequest is the life-blood recommend that you always check with us or the State of Wyoming located in Laramie, of planned giving programs—or any the specific college or unit that will ultimately Wyoming, for the benefit of the Department fundraising program for that matter. Many benefit from the gift to make certain that the of Intercollegiate Athletics and for the of the largest personal gifts to UW and property can be accepted and put to its best following uses and purposes: University of other charitable organizations each year are use. Of course, if you sell or dispose of the Wyoming Football Excellence Fund.” in the form of bequests. Bequests span all property during your lifetime, there will be dollar amounts and are from people from all no gift to UW unless you direct otherwise in Coordinating Your Bequest walks of life. Indeed, for each multimillion- your will or trust. The University of Wyoming Foundation dollar charitable bequest you read about in sometimes receives an estate gift that we the paper, countless other smaller gifts are Example language: “I hereby give my didn’t know about—these gifts are always made as well. These smaller gifts, too, make collection of Warhol paintings to the exciting because they simply appear on the long-lasting impacts on the lives of UW’s University of Wyoming Art Museum to be university’s doorstop. More often, we are able students. added to and become a component part of to work with donors during their lives to assist the museum’s permanent collection.” them in implementing a gift or endowment Common Types of Bequests agreement that specifies the programs and Giving a Specific Dollar Amount – One way Giving a Percentage of Your Estate – One purposes they wish to benefit with their to implement a charitable bequest is simply method to ensure that the UW receives a gift estate gift. We are not here to do your estate to state a dollar amount in your will or trust through your estate is by bequeathing UW planning for you or to take business from that you would like to gift to the University a percentage of your estate. In this type of the many qualified professional advisors that of Wyoming. If you plan to update your will bequest, your charitable gift will automatically donors work with to implement their plans. on a regular basis and are certain that the adjust with the total value of your property Rather, we help donors through the process funds will be available to satisfy this specific that passes under your will or trust. and answer any questions they may have, in bequest, giving a specific amount may be a coordination with their estate planners. good option. Example language: “I give thirty percent (30%) of my estate to the University of This is rewarding for the planned giving and Example language: “I give one hundred Wyoming Foundation (or its successor) development staff as it enables us to better thousand dollars ($100,000) to the located in Laramie, Wyoming, a nonprofit understand the donor’s intent and to get to University of Wyoming Foundation (or its corporation organized and existing know the donor on a more personal level, successor) located in Laramie, Wyoming, a under the laws of the State of Wyoming, and it gives us an opportunity to personally nonprofit corporation organized and existing designated for the benefit of the Fay W. thank donors for including UW in their under the laws of the State of Wyoming, Whitney School of Nursing to be used plans in such a personal and meaningful way. designated for the benefit of graduate to provide scholarships to single parents If you have already made a bequest to UW or scholarships within the College of Business.” enrolled full-time in the nursing program.” in the event you are considering a bequest, we would encourage you to contact us to Giving Specific Property – If you know that Giving the Residue of Your Estate – You can learn more about how we can help with the the UW can make use of a particular item provide for family members and loved ones process. or asset to further its mission, you may want with a pre-residuary clause and then leave Continued on page 8

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Tom Stroock... Continued from page 1 incredibly able group of officers. I take part in it, when the company wanted was very fortunate to work with so to transfer me to Tulsa, I said, sayonara, many talented civil servants.” I’m staying here.” He then founded the first of his own companies, Stroock Leasing In 1996, Tom won the Distinguished Corporation. Visiting Professor Award in recognition for the classes he taught In 1960, he began his long career of public as a Distinguished Visiting Professor service after he was elected to the Natrona of Public Policy. “That title gets me County School Board. He went on to the into all kinds of places,” Tom said and Wyoming State School Board Association, laughed. For his many years of public Representative to the Wyoming State Senate service, in 1995 Tom was awarded from Natrona County, Western an honorary Doctor of Law degree. State Chair of the Republican Party, and then regional coordinator Tom was born in 1925 in New York for both senior President Bush’s City. “I was used to playing in the campaigns. His public service streets,” Tom said. “Public School culminated in his appointment as 6 where I went and Public School Ambassador to Guatemala. 8 in Harlem used to have regular gang fights, and I thought that’s “I was raised to give back,” said what you did after school.” Tom. “And I served in the Marine Corps during the war, and that was At age 17, he enlisted in the U.S. an incredible growing experience. I Marine Corps and served in World hated it. I was dirty and cold and War II. With the help of the GI scared most of the time. But it was Bill, he attended Yale University, good for me and it taught me a along with future President George whole bunch about myself and the H. W. Bush, and received a B.A. people around me. So I got the idea in economics. He then worked for from there that you had to do more Stanolind Oil and Gas Company, who sent than just sit there and collect your pay.” him to Casper in 1949, and soon after he married his college sweetheart Marta Freyre Tom’s life was a testament to this belief. de Andrade, who was born and raised in He was known for his honesty and Cuba. “breathtaking candor,” as well as his good- natured humor, and he supported the things He immediately fell in love with Wyoming: he believed in with enormous contributions “I get out here, and everything I’d always of dedication, time, and funding. Tom read about and heard about was right where passed away on December 13, 2009, and he I live.” He mentioned backpacking, skiing, will be tremendously missed, but his legacy duck hunting, fly fishing, and the big game will live on at UW and change the lives of in his back yard. “That’s something that a countless students for generations to come. city boy never knew could happen, and when I found out it could and I could stay and Photos courtesy of Margaret Stroock

UNIVERSITY OF WYOMING FOUNDATION | 7 Nonprofit Organization U.S. POSTAGE PAID University of Wyoming University of Wyoming Foundation Laramie, WY 82070 1200 East Ivinson Street Laramie, WY 82070 Permit No. 1

Cowboy Legacy

A Simple Way... Continued from page 6 Retirement Plans – Retirement plans are About US Other Ways to Give often great assets to leave to UW because of Cash – Cash gifts are deductible up to 50 the tax inefficiencies of passing them on to The UW Foundation is an independent, percent of your adjusted gross income and family members. nonprofit corporation dedicated to securing, can be carried forward for an additional five managing, and stewarding private gifts in years for tax deduction limitation purposes. Life Insurance – Annual gifts to the UW support of the University of Wyoming’s Foundation that fund life insurance premium missions in teaching, research, and public Securities – By gifting long-term securities payments are tax deductible and are a great service. We are here to help you and your estate (those owned for more than one year) to UW, way to maximize your charitable giving and planning team. If you have made UW part of you are entitled to a charitable contribution your impact on the future of UW. your estate plan, we encourage you to contact deduction for the full value of the security, us so that we can properly document your not just original cost. Charitable Gift Annuities – With a charitable intentions and to express our sincerest thanks. gift annuity, you give cash, securities, or Real Estate – Giving real property to UW real estate to the University of Wyoming University of Wyoming Foundation may help you with capital gains issues, and in Foundation in exchange for fixed annuity 1200 East Ivinson Street some instances you may continue to occupy payments for the rest of your life while also Laramie, WY 82070 the property for the balance of your life. significantly impacting the future of UW. Phone: (307) 766-6300 Toll Free: (888) 831-7795 Charitable Remainder Trusts – The charitable Fax: (307) 766-4045 remainder trust is one of the most flexible uwyo.giftlegacy.com and effective charitable and retirement [email protected] planning tools available and can be used to enhance retirement income, defer taxes, and make a significant impact on your university. GIVE ONLINE AT WWW.UWYO.EDU/GIVEONLINE

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