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Blended Gifts

Your donation to the University of Alabama at Birmingham doesn't have to come all at one time. There is a way that your support can be given today and tomorrow through what is called a "blended gift."

This approach to giving can take many forms. The common thread is the combination of current and future gifts. To take advantage of the blended gift approach, you select a way to donate today that makes sense for your situation. Then you choose a way to continue that generosity in the future through a deferred gift.
 

Gifts Made Today Combined With Gifts Made Tomorrow
Cash   Bequest in Will/Trust
Stocks and Securities   IRA/Retirement Plan Assets
Real Estate   Life Insurance
Life Income Gifts   Beneficiary Designations
  * Charitable Gift Annuity    
  * Charitable Remainder Trust    

 

An Example of How It Works

Mary has supported UAB for more than 20 years. She has made gifts of cash or stock each year. Supporting our mission brings her immense satisfaction and allows her to model her philanthropic values for her family.

But Mary wonders what will happen to the programs made possible through her annual gifts after she passes away. Her financial advisor suggests adding a bequest to Mary's will to extend her support far into the future.

Mary adds a bequest in her will for $125,000 to go to our endowment fund. We only use a portion of the endowment each year to support our services and programs. The remainder is reinvested, which allows it to grow and support Mary's annual payouts indefinitely.

Thanks to her careful planning, the programs and goals most important to Mary will thrive during and after her lifetime.

 

How Will You Blend Your Support?

Please contact the Office of Planned Giving at 205-996-7533 or plannedgiving@uab.edu to explore your many options for blending your current support with a gift in your estate plan that will extend your legacy at UAB for years to come.

 

  1. Contact the Office of Planned Giving at 205-996-7533 or plannedgiving@uab.edu for additional information on blended gifts.
  2. Seek the advice of your financial or legal advisor.
  3. If you include UAB in your plans, please use our legal name and federal tax ID.

Legal Name: The Board of Trustees of The University of Alabama for The University of Alabama at Birmingham
Address:
1720 2nd Avenue South
AB 1270
Birmingham, AL 35294-0112
Federal Tax ID Number:
UAB Tax I.D. Number: 63-6005396
UABEF Tax I.D. Number: 63-6155094

 
 
 
 

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, [name], of [city, state, ZIP], give, devise and bequeath to the University of Alabama at Birmingham [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 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 UAB 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 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.