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For years, UTMB alumni and friends have found that gift and estate planning strategies
help them express their generosity-in supporting innovative biomedical research,
investing in future generations of healthcare professionals and enriching the
work of outstanding faculty. At the same time, they find, a planned gift is a
tool that can help them achieve important financial goals.
Through estate and gift planning, UTMB alumni and friends are making a difference.
The fact that today, UTMB is a place whose people and programs are on par with
the best of our country's academic health centers owes much to a rich tradition
of generosity. Our world-recognized strengths--more than a century of educational
excellence, tropical and emerging diseases, medical humanities and telehealth
prominent among them--are a testament to what individuals like you are helping
make possible.
A planned gift truly is an investment in the future. By supporting UTMB people
and programs, you can play an important role in the university's future. At the
same time, gift planning can be a clear path toward your financial aspirations.
So read on and learn about the many options available to you.
To
visit the UTMB
Planning Giving Services web site, click here.
Cash Gifts
A cash gift can be as simple as writing a check in support of UTMB. IRS regulations
allow you to claim a charitable gift deduction of up to 50% of your adjusted
gross income. If your giving exceeds that limit, you can carry your deduction
over for up to five years.
Gifts of Securities
With substantial gains in the stock market over the past decade, many of us have
appreciated securities in our financial portfolios. Making a gift of appreciated
stock can be an excellent philanthropic tool. Even more, it can be a way to reduce
your tax burden.
Bequests
Specific bequests. Through your will, you can make a specific bequest
to UTMB or you can set aside a percentage of your estate as a charitable gift.
Bequests of specific appreciated assets are also possible.
Residuary bequests. Your will can direct that the residual of your estate-the
assets left over after you have provided for loved ones, for example-be set aside
for a gift to benefit the university.
Contingent bequests. You can also indicate that, if any individuals you
have named in your will predecease you, their share will revert to the university.
Life Insurance
One of the most popular options is designating UTMB as the beneficiary of a
paid-up life insurance policy. Alternatively, you can establish a new policy,
where UTMB is the owner of the policy. In fact, many donors without large
estates discover that by making modest payments each year for a limited number
of years, they can leave a significant legacy.
Life Income Giving
The Pooled Income Fund. This type of gift operates as a "charitable mutual
fund." Your gift--pooled with assets from other donors--buys shares in the fund.
You then receive income for your lifetime based upon the number of "shares" you
have in the fund. At the end of your life, the assets pass to UTMB.
Charitable Remainder Trust. This gift planning arrangement is an irrevocable
trust that pays you income-usually for the rest of your life. You may fund the
trust with cash, securities, and/or real estate. You can choose either to receive
fixed payments based on the value of the assets when the trust is created or
a variable income stream based on the value of the trust each year.
Charitable Gift Annuity. You may transfer cash and/or securities or real
estate to the university and receive a fixed annuity for life. Charitable gift
annuities can be either immediate or deferred. Payments are fixed for life, protecting
you against the volatility of financial markets.
Charitable Lead Trust In this giving strategy, you set aside a portion
of your assets in a trust. For a set period of time, the trust income supports
a UTMB program of your choosing. At the end of an established time period, the
assets are either returned to you or are passed to your heirs.
Real Estate Gifts
Increasingly, homeowners are coming to recognize that a gift of home or other
real estate is a smart financial and philanthropic choice. By making a Retained
Life Estate gift, you can continue to live in a home you deed to UTMB. Afterwards,
your home reverts to UTMB, where it is used to support your charitable wishes.
Alternatively, you can make an outright gift of real estate.
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