Many Ways to Make a Difference. Many Ways to Give.
There are many different ways to make a legacy gift, perhaps some you haven’t even considered. Here are a few types of assets you can give to achieve your goals:
Giving cash is simple and the simplest way to make a difference at The University of Texas Health Science Center at Tyler, and you can deduct the amount immediately on your income tax.
If you no longer need your life insurance policy because it will no longer benefit your survivors, you can give it to The University of Texas Health Science Center at Tyler.
Stocks & Securities
Giving securities, including stocks and bonds, is easy and effective, too. If you have held the securities for more than a year and they have appreciated, giving to UT Health Science Center at Tyler can provide a tax deduction and help avoid capital gains tax.
Giving UT Health Science Center at Tyler part of your retirement assets, such as from your IRA, 401(k), 403b, pension or other tax-deferred plan, is a simple way to make a gift, and it can keep you in a more advantageous tax bracket. This is especially true for alumni and friends who are age 70.5 years or older and must take a required minimum distribution each year.
Moreover, retirement plans passed to your children and heirs could lose almost half their value through the income taxes they will have to pay. On the other hand, naming The University of Texas
Health Science Center at Tyler as a beneficiary generates no income taxes, and the university receives the full value of your retirement plan.
By transferring mineral rights to The University of Texas Health Science Center at Tyler, you truly are giving your university a “gift that keeps on giving.” The University Lands office has been stewarding the largest land and minerals endowment in the country for over 100 years. Our experts will ensure your natural resources yield maximum value.
Artwork & Collectibles
Painting, sculpture, coins… If it is worth something to someone, that worth can transfer to your university.
Real Estate & Land
A gift of real estate, such as your home, ranch, vacation property, commercial property or even vacant land, could be your most impactful donation. Moreover, if your property has appreciated, giving it to UT Health Science Center at Tyler can provide a tax deduction and help avoid capital gains tax.
Will & Estate Plans
You can designate The University of Texas Health Science Center at Tyler as a beneficiary in your will, living trust or other estate plan document.
Business Interests & Closely Held Stocks
Nothing has growth potential like your stake in a growing company. There are key times in the life of a business when it makes sense to set aside some of the ownership interest for charitable contributions, such as:
- When a company is being formed
- Before an initial public offering (IPO)
- When a company is being recapitalized
- Before the sale, merger or acquisition of a company
- Before an owner or partner in a company retires
By donating closely held stock before these liquidity events occur, you can claim an immediate tax deduction for the full market value without ever recognizing a taxable gain. You essentially “double up” on the tax benefits.
Intellectual Property & Royalties
Creativity is at the heart of what it means to be a part of The University of Texas Health Science Center at Tyler family, and that creative power can transfer into financial security for the university through gifts of I.P. and royalties.
Charitable Gift Annuity
If you are age 55 or older, you can transfer cash or appreciated securities to the UT Foundation, and you are paid a fixed amount (with rates based on your age) annually for the rest of your life. This provides security for you and your loved ones, and some of this income may be tax-free.
Charitable Remainder Trust
As with a charitable gift annuity, a charitable remainder trust allows you to transfer cash and appreciated securities, as well as property, to the UT System or your bank/trust company. The difference is that instead of a simple contract, your asset funds a trust, which directs a specific distribution to you or your family, with the remainder being distributed to the university. The trust will provide you with an upfront charitable tax deduction and income for life (flexible or fixed for life or for a set term of years).
Charitable Lead Trust
You can transfer cash, appreciated securities and/or property into a lead trust that makes gifts to UT Health Science Center at Tyler for a number of years. You will receive a charitable deduction, and you or your family receives the remainder of the trust at a tax savings.