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Former All-American Keeps Passion for Basketball and UNT

Bill Menefee

Bill Menefee was the first basketball All-American in school history.

From humble beginnings in McCamey, Texas, Bill Menefee ('43, '48 M.S.) began his journey with UNT as a walk-on to the North Texas basketball team and went on to be team captain and the first basketball All-American in school history. He passed away in 2016 at the age of 95.

Bill not only played a historic role in North Texas sports history, but also had a desire to give back to the university. He provided for UNT in his final arrangements with a gift to athletics. UNT worked with his grandson and fellow UNT alumnus, Scott Menefee, to determine which area to support.

As a family, the Menefees decided to allocate the gift to Mean Green Women's Basketball. "We wanted to honor his legacy," says Scott. "Over the last 20 years he had developed a strong interest in women's basketball."

"We are very grateful to have great alums like Bill Menefee," says women's basketball coach, Jalie Mitchell. "His belief and support in our program and in what we're building means the world to us. Our student-athletes are blessed to have people that care, and to see that number climb each year."

Bill met and married fellow North Texas student Dorothy Winford while in college. They were married 69 years. After graduating with a bachelor's degree in health education, Bill went on to serve in the United States Marine Corps in World War II. He earned a Bronze Star for bravery and a Purple Heart for injuries sustained in the line of duty.

Bill never lost his love for basketball, or UNT. After the war, he returned to his passion for basketball and joined the coaching staff of Baylor University. He also returned to UNT and earned a master's degree in health education. Bill eventually rose to Baylor Head Basketball Coach in 1961 and was awarded Southwest Conference Coach of the Year in 1965, 1968 and 1969.

He was summoned out of retirement from coaching in 1980 to serve as the Baylor University Athletic Director until 1992. He is a member of both the North Texas and Baylor Halls of Fame.

To learn more about ways you, like Bill, can support your passions and UNT in your future plans, contact Roy Grisham, CPCU at roy.grisham@unt.edu or 940-565-3686.

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A charitable bequest is one or two sentences in your will or living trust that leave to the 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 the 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.

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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.

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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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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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