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An endowment gift to the University of Texas Medical Branch at Galveston today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the University of Texas Medical Branch at Galveston. The remaining funds are reinvested to ensure indefinite support.
An Example of How It Works
Longtime supporters Susan and Charlie have two goals: First, they want to make sure UTMB continue to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to UTMB, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
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- Seek the advice of your financial or legal advisor.
- Contact Betsy B. Clardy, CFRE at 409.772.5715 or firstname.lastname@example.org to discuss endowed gifts.
- If you include UTMB in your plans, please use our legal name and federal tax ID.
Legal Name: Board of Regents of The University of Texas System for the benefit of The University of Texas Medical Branch at Galveston
Address: 301 University Boulevard, Galveston Texas 77555-0148
Federal Tax ID Number: 30-0710145
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.