Serena Putegnat, J.D.
University Relations Officer
Commissary 2nd Floor
Select from the following gift types listed below.
Cash is a simple and immediate gift by writing a check or give online. Charitable income tax deduction is possible through gifts of cash.
Give online: The easiest way to make a gift is to use our give online form. We accept Visa, MasterCard and American Express.
Personal Check: Please make checks payable to The University of Texas at Brownsville and mail, along with instructions regarding your gift designation, to the address listed below.
The University of Texas at Brownsville
1301 E. Madison St.
Brownsville, Texas 78520
Gifts of stocks, bonds and mutual funds can bring you extra tax savings. When owned for more than a year, securities used to fund a gift can be deductible for income tax purposes at full fair market value, not just their original costs. Giving this way also allows you to bypass the capital gains tax that would be due if the securities were sold. If you own securities that have decreased in value since you bought them, consider selling them and making a gift of all or a portion of the cash proceeds. You will get an income tax deduction for the cash donation which creates a loss you might be able to deduct from other taxable income.
To make your gift by electronic transfer or by mail, please contact our Planned Giving Specialist at 956-882-4326. We will provide delivery instructions to make a transfer from your brokerage account.
The retirement plan assets in your estate are subject to income taxes after your lifetime. This can reduce the amount that normally would be passed to heirs by up to 35 percent. For example, if your children inherited a retirement plan valued at $500,000, they could be liable for $175,000 in taxes. In contrast, UTB is tax-exempt and eligible to receive the full amount and bypass any federal taxes. Income taxes can be avoided or reduced through a carefully planned charitable gift.
You can also consider creating a charitable remainder unitrust for heavily taxed retirement plan assets. Such a trust could be set up to receive the proceeds of your retirement plan at your death. The trust would pay income for life to family members of your choosing, after which the remaining assets pass to UTB. This trust could last for a term of years not to exceed 20 years or the life span of the beneficiaries. The trust will be paid out at minimum of 5 percent annually and paid in quarterly installments. This would start at the donor's death. When the trust terminates, the remaining money comes to UTB for whatever purpose the donor wishes. UT System manages this trust at no cost.
The unitrust pays your heirs each year a variable amount based on a fixed percentage of the fair market value of the trust assets. The amounts of the payments are re-determined annually. If the value of the trust increases, so do your heirs' payments. If the value decreases, however, so will their payments. For example, if the trust was created for a 20-year period and its initial value was $500,000, then at a 5 percent annual payout your beneficiaries could receive $25,000 annually, which is distributed on a quarterly basis. At this rate your heirs could receive the full benefit of the retirement plan, and UTB could receive the full benefit of your gift.
Through the use of the Charitable Remainder Unitrust you may be able to achieve one or more of the following goals:
The life insurance policy you own is worth considerable cash value and would make an excellent charitable gift to UTB. When the original purpose of your policy no longer applies-such as to educate children now grown-your life insurance can be redirected to support UTB. One option is to name UTB as the primary beneficiary.
You can name UTB as the beneficiary and also gift us ownership of the policy.
Contact your insurance company to arrange for assignment of ownership of the policy at its current value to UTB. Then, one of two scenarios could unfold:
Gifts of personal property, which include rare books, works of art, valuable collectibles and tangible items of demonstrable value, are sometimes a great way to make a significant gift to support UTB. Personal property gifts to UTB may
provide you with great tax saving benefits. To make your personal property gift, please contact our Planned Giving Specialist at 956-882-4326.
Gifts of real estate may be good choices for charitable gifts. Gifts of appreciated real property can result in long-term capital gain if sold. Therefore, if you donate appreciated real estate you can receive greater benefits than gifts
of cash because you can deduct the full value of the donated property.
Property below cost basis is property that would generate a tax-deductible loss if you sold it. If you sell the property, you take the loss as a deduction and can use the proceeds of the sale to make a deductible charitable gift to UTB.
To make your real property gift, please contact our Planned Giving Specialist at 956-882-4326.
Bequests can offer exceptional opportunities for leaving a lasting legacy to UTB. Your gift will be a permanent reflection of your values and affection for our institution. By specifically outlining your gift purpose, you can decide how
you want your gift to be used. You may also decide to leave an unrestricted gift which would be used for UTB's general purposes.
By including UTB in your estate plans you will be part of our Legacy Society and be recognized for your philanthropy. Your legacy can help shape the future of our university. Please contact us if you have already included UTB in your estate plans.
Through a simple contract, you agree to make a donation of cash, stocks or other assets to UTB. In return, we agree to pay you (and/or someone else, if you choose) a fixed amount each year for the rest of your life. Generally, the older
you are at the start of your payments, the higher your payments. Pay-out rates are the maximum rates recommended by the American Council on Gift Annuities and are adjusted periodically. Contact UTB for a personalized illustration or for more information.