A Gift in Your Will or Living Trust
The Easiest Way to Make an Impact
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Interested in helping the University of Texas Medical Branch at Galveston with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest.
By including a bequest to UTMB in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.
An Example of How It Works
When Tom and Melissa got married, they made a point to put together a will to protect their assets. They both loved UTMB and decided to include a bequest of $75,000 to us in their will.
As Tom and Melissa's family grew to include three children, they decided to revise their gift to ensure their children's future financial security. They met with their attorney and simply revised the bequest language so that their gift to UTMB was now a percentage of their estate instead of a specific amount. Tom and Melissa now rest easy knowing when they die, their plans will provide for the people and charitable work they love.
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- Contact Betsy B. Clardy, CFRE at 409.772.5715 or email@example.com for additional information on bequests or to chat more about the different options for including UTMB in your will or estate plan.
- Seek the advice of your financial or legal advisor.
- 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 examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your 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.