Limitless Tax Founders Leo and Lester Rivero Donate $1.05 Million to St. Thomas University

Limitless Tax Founders Gift $1.05 Million to St. Thomas University

In a remarkable act of generosity, Leo and Lester Rivero, the visionary founders of Limitless Tax, have pledged a transformative gift of $1.05 million to St. Thomas University (STU). This substantial donation aims to establish The Opportunities Are Limitless Endowed Scholarship Fund, which is designed to support undergraduate students pursuing degrees at the Gus Machado College of Business.

The Importance of the Donation

The endowed scholarship fund represents an annual financial lifeline for full-time students who excel academically while exhibiting strong leadership abilities. It is intended for those who aspire to work in accounting, tax law, business, or finance. The generous gift will ease the financial burden of tuition and related educational expenses, thus opening doors for these motivated individuals and helping them prepare for rewarding careers in their chosen fields.

St. Thomas University's President, David A. Armstrong, J.D., commended the Riveros for their philanthropic leadership. He stated, "This extraordinary gift reflects the very best of giving and opens doors for our talented students. It strengthens the mission of our Gus Machado College of Business and underscores how philanthropy can change lives, fuel upward mobility, and create lasting impact beyond our campus."

Long-Term Impact

The transformative aspects of this donation go beyond immediate financial relief. The fund will be carefully managed and invested according to the guidelines set by the University's Board of Trustees, ensuring sustainable support for future students. The Riveros envision this initiative as a way to equip students with the skills, professionalism, and ethical grounding necessary to thrive in an increasingly competitive business landscape.

Michael Mominey, STU's Interim Vice President for Philanthropy, emphasized the long-term implications of the donation, stating, "Donors like Leo and Lester Rivero are true change-makers and philanthropists, whose generosity exemplifies the giving of time, treasure, and talents." Their commitment is expected to leave a lasting impact on the academic community and instill a sense of purpose and ambition within the student body.

Words of Inspiration

In reflecting on their motivation for contributing to STU, the Riveros shared profound insights: "Everything meaningful in life requires sacrifice, determination, and the conviction to overcome every barrier in our path. It's in those moments that opportunities reveal themselves—fueling our growth and strengthening our character, while building relationships that evolve into lasting partnerships."

These words serve as a guiding principle as they welcome others to join their vision of hard work leading to limitless opportunities.

Commitment to Education

With the establishment of The Opportunities Are Limitless Endowed Scholarship Fund, the Riveros have made a significant investment in student achievement and have reinforced St. Thomas University's pledge to uphold academic excellence and accessibility. STU has a longstanding tradition of fostering the development of ethical leaders equipped to contribute meaningfully to the global community. The new funding will indeed enhance that mission.

About St. Thomas University

Founded in Miami Gardens, Florida, St. Thomas University is renowned for its commitment to academic and professional success, holding the distinction of being one of the South's premier Catholic universities. The institution prides itself on its cultural and international diversity, offering more than 60 degree programs across various fields. Current initiatives, including a strategic $10 million expansion plan under President Armstrong's vision, aim to enhance its academic offerings, including the development of new facilities for STEM and nursing education, as well as the expansion of its College of Law.

As St. Thomas University moves forward with the legacy of philanthropy established by the Riveros, it continues to provide opportunities for future generations to excel and thrive in their individual journeys.