Skip to main content

Landmark Gift Creates New School

Moran Family Extends Support for FSU Entrepreneurs

Jan and Jim Moran

Jan and Jim Moran

FSU recently announced the largest gift in its history—$100 million— from Jan Moran and The Jim Moran Foundation to honor the late Jim Moran and create what will be the nation's largest interdisciplinary, degree-granting school of entrepreneurship.

The Jim Moran School of Entrepreneurship will stand alone, offering and greatly expanding the entrepreneurship courses currently taught in the College of Business and making them available to all FSU students.

FSU President John Thrasher called the gift "transformational" and said that entrepreneurial education in Florida and across the country will never be the same. The $100 million pledge includes a $20 million charitable bequest.

"In 1995, when my husband, Jim, and Dr. Melvin Stith (then dean of the FSU College of Business) established the Jim Moran Institute for Global Entrepreneurship, the term ‘entrepreneurship' was not commonly used," Jan Moran says. "Jim believed that the future belongs to those who prepare for it. With this gift, we forever secure Jim's legacy and his passion for supporting entrepreneurism so that current and future generations will have the knowledge and skills they need to be successful.

"I'm excited about the positive impact that the Jim Moran School of Entrepreneurship will have on the student entrepreneurs as they embark on their lifelong entrepreneurial journey, creating and growing successful businesses and creating jobs throughout Florida and beyond."

The Jim Moran School of Entrepreneurship will reside under Provost Sally McRorie and operate much like a college. The school's director and other staff members will be housed in a building in downtown Tallahassee, very close to the state Capitol, local businesses and statewide associations. The Jim Moran Institute also will relocate to the same building. The prime location will ensure that the Jim Moran name is front-and-center with respect to entrepreneurship around the state. The school is expected to become the go-to resource for government leaders, trade associations, entrepreneurs, nonprofits and small businesses on a national level.

The undergraduate entrepreneurship programs will award both the Bachelor of Science degree and Bachelor of Arts degree in Entrepreneurship, along with a redesigned, interdisciplinary minor. The school will be organized across five major focal areas that will offer academic majors under the B.S. and B.A. degrees in the following:

  • Arts and humanities
  • STEM (Science, Technology, Engineering and Math)
  • Business
  • Allied health
  • Applied disciplines such as law, education, criminology, social work and others

The official launch date of the school is scheduled for Aug. 8, 2018—which would have been the 100th birthday of Jim Moran.

"We are ready to build on the legacy of Jim Moran to create a robust entrepreneurial ecosystem throughout the state of Florida, the region and the nation," President Thrasher says.

A charitable bequest is one or two sentences in your will or living trust that leave to Florida State University 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

"I give to Florida State University, a nonprofit corporation currently located at Tallahassee, Florida, or its successor thereto, ______________* [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 FSU Foundation 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 FSU Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 FSU Foundation 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 FSU Foundation where you agree to make a gift to the FSU Foundation 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.