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UNT Alumna's Enduring Impact

Georgia Gough

Professor Emeritus Georgia “Billie” Gough

UNT alumna and Professor Emeritus Georgia "Billie" Gough remains dedicated to supporting her alma mater more than 70 years after graduation.

"My husband and I started our careers there," says Georgia. "UNT really helped us grow. We never had any children so UNT is our family."

After earning a master's degree from UNT in 1946, Georgia was a UNT professor for 25 years and continues to support the school into her retirement.

She and her late husband, Ray, consistently contributed to the university over the last 35 years, supporting areas such as the UNT Alumni Association, UNT libraries and the Inspire UNT Fund. However, they are most dedicated to the College of Visual Art and Design, having two scholarships in their name as well as a lecture series named in honor of her husband. Ray ('40, '41 M.S.) and Georgia ('46 M.S.) both hold the distinction of professor emeritus of art at UNT, an honor bestowed upon a professor who has retired from a tenured position of at least 10 years with a record of distinguished service. In 2004, the Goughs were recognized with UNT's Green Glory Award for exceptional service to the university.

"I love the friendliness, quality of education and the overall atmosphere," says Georgia. "There's nothing like being on campus."

Georgia recently donated $150,000 to establish the Ray and Georgia Gough Research Fund in Interiors, Fibers, Ceramics, Jewelry, Metals and Related.

"This gift is important because it is potentially eligible for the Texas Research Incentive Program (TRIP)," says David Wolf, vice president for advancement. TRIP is a state-matching grant program that supports research and research-enhancing activities of the university. "We are grateful to donors like Georgia Gough for her continued support and dedication to UNT and its students."

"UNT is a place where your gift will grow and continue to make an impact that lasts forever," says Georgia.

If you want to learn more about supporting UNT and its students for years to come, please contact Roy Grisham at 940-565-3686 or 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 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, [name], of [city, state, ZIP], give, devise and bequeath to the University of North Texas [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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