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Support UNT and Receive Fixed Payments in Return

Robert J. HardinWhen Robert J. Hardin said merci beaucoup to the University of North Texas, he thanked UNT with a gift annuity. Robert, a retired UNT professor of foreign languages, taught French from the 1960s through the '90s. Working with the UNT Foundation, he will help provide quality education for UNT students like those he taught for so many years.

About 10 years ago, Robert established an annuity with the foundation. Through gift annuities like Robert's, donors contribute cash, securities or other assets to charity. In exchange, they receive annual payments for the rest of their lives, and they also get an income-tax break on a portion of the payments from the annuities. "It's a good way to manage your funds and help the university at the same time," Robert says. "Most people are looking for what to do with their money if they're making above and beyond necessities. One option is a charitable gift that pays you back."

Gift annuities are attractive to donors who want to receive income from assets that have risen sharply in value, such as cash or stocks. The amount you receive in return depends on your age when payments begin. Robert encourages others to consider a UNT gift annuity as a good investment option. "As far as I'm concerned it's a fine way to deal with your money," he says. "It certainly was in my case. I'm not a rich person. I didn't want to put my money in a bank or invest too heavily in stocks. This was an excellent way of investing and getting money back every year for the rest of my life.

"The foundation is richer than it was 10 years ago," Robert says. "Its programs support the school and benefit the giver. This charitable gift is tax-sheltered, helping the donor and serving the school.

"With money problems people have these days, any contribution will help them. This gift annuity will help young people receive a quality education," he says. "Education is important in a healthy nation's life and in keeping standards up and not letting them go. As rich and powerful as this country is, it has problems with education. I want to support better education. Ultimately, a charitable gift to the UNT Foundation will benefit us all."

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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.

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 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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