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Making a Bequest to UAB

Donors and supporters of UAB are encouraged to remember the university in their wills and in the beneficiary designations of the life-insurance policies and IRAs or qualified retirement plans.

Simple bequests
The University of Alabama at Birmingham is part of the University of Alabama System and is governed by the Board of Trustees of the University of Alabama. Charitable bequests should be made in the name of the Board of Trustees, which is the official body designated to accept testamentary gifts on behalf of UAB. The following language is suggested for an unrestricted charitable bequest to UAB or one of its schools or programs:

I give to the Board of Trustees of the University of Alabama for the University of Alabama at Birmingham...

  • cash bequest... the sum of _____ dollars ($_____).
  • stock bequest ... _____ shares of common stock of __________ Corporation.
  • estate percentage... _____ percent (_____%) of the residue of my estate.

Restricted funds
To further designate your gift, please include the following language:

I request that this gift be used...

  • ...for (general scholarships, support, or research) in the School of __________.
  • establish the (name chosen by donor) fund for __________, in the School of __________ or the area of __________.
  • establish the (name chosen by donor) fund, the income of which should be used for __________, in the School of __________ or the area of __________.

Endowed vs. current use
When you include UAB in your estate plans, please remember to include in the documentation whether you would like the gift to be held in perpetuity (endowed) or used for current needs (sponsored). Please remember that we are here to help with the appropriate verbiage to ensure your intent is clearly understood.

  • An endowment fund may be designated for a specific purpose, program, or campus unit depending on the wishes of the donor, subject to the approval of the Board of Trustees.
  • The allowed types of endowments and minimum donation required by UAB to establish each type can be found under "Creating an Endowment."
  • To be sure that your gift will be used exactly as you intend, UAB offers gift agreements as a service to our donors. Gift agreements are used to specify explicit details regarding the uses and limitations of your contributions according to your wishes.

Contact the Office of Planned Giving at 205-996-7533 or for additional information on bequests or to discuss different options for including UAB in your will or estate plan.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to the University of Alabama at Birmingham 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 Alabama at Birmingham, a nonprofit corporation currently located at
1720 2nd Avenue South
AB 1270
Birmingham, AL 35294-0112, 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 UAB 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 UAB 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 UAB 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 UAB where you agree to make a gift to UAB 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.