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Louise Evans

Former UNT librarian Louise Evans leaves a bequest for scholarships and library resources.

When Louise Evans ('38) was a student worker in the College of Business Administration, she couldn't foresee a 42-year career with the University of North Texas as a librarian. She couldn't predict she'd make a bequest of more than half-a-million dollars to UNT library collections, scholarships and associations.

But, with help from the University of North Texas Gift Planning office, that's just what she did before her death in 2006. Evans established endowments to provide scholarships for students and books for UNT libraries.

Remarkable work
Evans earned her Bachelor of Science degree at North Texas in 1938 and worked for the university from 1939 until January 1981.

As acquisitions librarian, she obtained thousands of books and oversaw the library's book budget from the time it was only a few thousand dollars until it was more than a million dollars.

George Mitchell, former library coordinator for UNT's development department and Evan's former colleague, said she had to account for everything that came into the library.

"Her budgetary experience probably influenced her charitable contributions later in life," he said.

Significant contribution
In addition to her expertise in budget matters, Evans was a pioneer in information networking.

"Before there was an Internet, she worked tirelessly to help readers access publications and articles from major libraries in the Dallas Fort-Worth area," Mitchell said.

"She accomplished this developing the bibliographic foundation listing serials and periodicals in the Dallas-Fort Worth area.

"You could go to your local library, check this list, and find out which library should have a copy of the article you wanted," he said.

Lasting legacy
At retirement, Evans turned her energy toward alumni and The Friends of the University Libraries, bought books for the library's Texana Collection and established the Porter-Evans Texana Collection Fund and Endowment account for purchase of UNT's Rare Book Room materials.

"She came to North Texas, liked it and never wanted to leave," Mitchell said. "And, because of her legacy of giving, she's never really left. For generations to come, UNT library services will be enhanced because of a bequest in Evans' will."

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For more information about bequests or other types of gift planning, please contact:
Roy Grisham
940-565-3686
roy.grisham@unt.edu

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A charitable bequest is one or two sentences in your will or living trust that leave to University of North Texas a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to University of North Texas, a nonprofit corporation currently located at 1155 Union Circle #311250, Denton, TX, 76203-5017, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to UNT or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to UNT as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to UNT as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and UNT where you agree to make a gift to UNT and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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