To say Paul “Gary” Gregory III (SB EECS ’73) enjoyed his time at MIT is an understatement. “My time at MIT was a very positive experience,” said Gregory when he recollected his many pursuits at the Institute. Whether enjoying his time with Alpha Tau Omega (ATO) fraternity brothers, taking an economics class with Nobel Laureate, Paul A. Samuelson, or participating in the Clean Air Car Race from MIT to CalTech, Gregory found the opportunities at MIT boundless.
“There was a period at MIT, in the early 70s, when there were so many opportunities. Gregory said. “Between sponsorships, IAPs, and UROPs, there is just so much you can get into at MIT if you choose to take advantage of the opportunities.”
Gary and his wife Andrea, who met after he graduated from MIT and started his company, Sirius Software, began supporting the MIT Libraries in 2006 with an unrestricted annual gift. As an avid sailor, Gregory collects rare nautical books. His interest in rare books and materials also inspired the Gregory’s to give a gift to help establish the Libraries’ Maihaugen Gallery. The gallery showcases the Libraries’ special collections through ongoing exhibitions.
“Being at MIT is all about connections, Gregory said. “To me Libraries are ground zero for making those connections. I chose to support the Libraries because the Libraries really need those resources.”
When Gregory sold his company recently, he donated $2,000,000 to a charitable remainder unitrust (CRUT) to benefit his wife, Andrea, and described it as a “win, win, win.” The charitable remainder trust in Andrea’s name, is managed by MIT, and pays the designated beneficiary an annual income for life. At the end of the contract, the remaining trust assets pass to MIT, to be used as he designated. “MIT has a great return, my wife receives income for the rest of her life, and the remainder will support the MIT Libraries.”
Support the Libraries
Learn more about the needs of the Libraries and making an unrestricted gift to support our work. Contact: Kaija Langley, Director of Development, 617–452–2123, email@example.com