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Father Honors Daughters with Gift to Nursing

Gloria and Bill Howton

The late Gloria and Bill Howton had strong ties to UAB. Their love for UAB lives on through a scholarship that benefits nursing students.

Bill Howton had a nearly lifelong attachment to UAB. It is the place he earned his bachelor of arts in history in 1976. It is where he and his beloved wife, Gloria Goldstein Howton, attended concerts and lectures. It is where Mrs. Howton worked as assistant vice president and director of University Relations, and where she served on the UAB School of Nursing Board of Visitors.

“My father really loved UAB,” says Lucy Arrington of Vienna, Va., one of Mr. Howton’s five children. “He was a lifelong resident of Birmingham, and he watched the University grow. When he and Gloria got married, his ties to UAB became even stronger.”

When the time came to plan his estate, Mr. Howton, an attorney and insurance executive, knew he wanted to give back to the University that had played such an important role in both his and his wife’s life. Moved by the message they heard at a 2004 fundraising event for the UAB School of Nursing, Mr. Howton created the William C. Howton Endowed Nursing Scholarship in honor of two of his daughters — nurse anesthetist Emily McLean of Austin, Texas, and surgical nurse Laura Peek, who recently moved to New York after many years in Great Britain — through a provision in his will.

Mrs. Howton passed away in July 2011 and Mr. Howton in October 2011, but their love for UAB lives on through the scholarship that provides assistance to high-achieving nursing students with financial need.

A Gift of Opportunity

Jakira Zhane Myers

Jakira Zhane Myers

UAB School of Nursing student Jakira Zhane Myers of Decatur, Ala., says the William C. Howton Endowed Nursing Scholarship helped her when she needed it the most.

“The scholarship was literally the last help that I needed in order to pay my tuition,” she says. “Before the notification, I was stressed and sad, because I had no idea where I would acquire the money. All I could do was call my mom and try my best not to cry. Once I was notified of the award, all I could do was smile.”

Ms. Myers is forming her own strong attachment to UAB, and she hopes to work at UAB and earn her master’s degree in nursing here. “What I love most about UAB and the School of Nursing are the instructors and their dedication toward advancing our knowledge,” Ms. Myers says. “They challenge us every day to be better people and nurses.”

Support the UAB programs that mean the most to you

Contact the Office of Planned Giving at 205-996-7533 to explore how you can make an impact on our students and programs through your estate plan.

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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.

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