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In 1984, as his legislative service ended, Simpson became Vice President for Development at UW and the executive director of the UW Foundation. He resigned from the UW Foundation to run for governor but returned to the university in 1987 as vice president for development and alumni affairs and later vice president for institutional advancement. After retiring in 1997, Simpson taught history on a temporary basis at UW and was the Milward Simpson Distinguished Visiting Professor in 1999 and 2000. Over the years, Simpson has served as emcee at several UW Athletic Hall of Fame banquets. He was himself inducted into the Hall of Fame in 2009.<ref name=simpson/>

In 1984, as his legislative service ended, Simpson became Vice President for Development at UW and the executive director of the UW Foundation. He resigned from the UW Foundation to run for governor but returned to the university in 1987 as vice president for development and alumni affairs and later vice president for institutional advancement. After retiring in 1997, Simpson taught history on a temporary basis at UW and was the Milward Simpson Distinguished Visiting Professor in 1999 and 2000. Over the years, Simpson has served as emcee at several UW Athletic Hall of Fame banquets. He was himself inducted into the Hall of Fame in 2009.<ref name=simpson/>

   

   

While at UW, Simpson and his brother, [[Alan Simpson|Alan]], both [[Moderate Republicans]] and known as after-dinner speakers, were asked by the political science department to team teach a course for one time only, but the effort became so successful that Pete Simpson was still involved in the course twelve years later.<ref name=atauo>{{cite web|url=http://www.ato.org/AlphaTauOmega/Publications/ATONews/20111006/Pete_Simpson_Wyoming_50_Receives_Medallion_Service_Award.aspx=

While at UW, Simpson and his brother, [[Alan Simpson|Alan]], both [[Moderate Republicans]] and known as after-dinner speakers, were asked by the political science department to team teach a course for one time only, but the effort became so successful that Pete Simpson was still involved in the course twelve years later.<ref name=atauo>Julianne Couch, "Pete Simpson Receives Medallion Service Award," Alpha Tau Omega, accessed November 1, 2012; material no longer accessible on-line.</ref>

|author=Julianne Couch|title=Pete Simpson Receives Medallion Service Award|publisher=Alpha Tau Omega|accessdate=November 1, 2012}}</ref>

===Retirement===

===Retirement===