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Southeast Professor Remembers His Mentors


Dr. F. Gregory Dickey and wife, Jean Garrett Dickey

During his formative years, Southeast Missouri State Teachers College had a profound impact on Dr. F. Gregory Dickey. Growing up in Kennett, Mo., he came to Cape Girardeau in 1946 to attend college. As with most students, Dickey remembers certain professors as particularly influential in his education and development. His mentors included J.C. Brandt (Music, 1919-1956), Helen Cleaver (Foreign Language, 1933-1973), and Tom Doherty (History, 1919-1956).

When he graduated in 1951, Dickey never expected to return to Southeast one day and follow in his mentors' footsteps. After graduation, he left Cape Girardeau to pursue his career in psychological counseling. He met Jean Garrett when they were both educators with the public schools in Rolla, Mo., and they were married shortly after he received his doctorate from the University of Missouri. The Dickeys moved to Oklahoma, where he began his college teaching career at Oklahoma State University.

When the opportunity arose for him to return to teach at his alma mater, Dickey could not resist the chance to join Southeast's faculty. In 1965, he began a 23-year career teaching psychological counseling at Southeast. Jean was soon able to join him on the faculty, where she taught Southeast students for 22 years. With the loss of his beloved wife and colleague in 2004, Dickey determined that the best way to remember Jean was to establish an endowed memorial scholarship in her name. Since she had devoted her life to teaching business education students at Southeast, it is fitting that her scholarship promotes the education of these students and future generations.

In addition, Dickey has established a planned gift that will create several more scholarships in his name and in memory of those professors who mentored him. "I believe I have done a unique thing-as both an alumnus and professor emeritus from Southeast-by honoring those professors who came before me," Dickey explains. "Mr. Brandt, Mr. Doherty and Miss Cleaver each had a tremendous impact on me and many other students during their decades of service to Southeast.This bequest is my tribute to them so that their legacies at Southeast live on."

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A charitable bequest is one or two sentences in your will or living trust that leave to the Southeast Missouri University Foundation 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, [name], of [city, state, ZIP], give, devise and bequeath to Southeast Missouri University Foundation, Cape Girardeau, Missouri, 63701, [the sum of _____] or [_____% of the rest, residue and remainder of my estate, both real and personal] for its charitable purposes in support of Southeast Missouri State University [for its unrestricted use] or [to establish the _____________ Fund]."

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 Southeast 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 Southeast 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 Southeast 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 Southeast where you agree to make a gift to Southeast 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.

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