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Making a Lasting Impression

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Claire H. Fairley has seen performing artists all around the world. So when the idea of building a performing arts center at UAB was discussed nearly 20 years ago, she knew she wanted to help.

Her initial involvement began with a contribution and the dedication of the lobby in memory of her late husband, Albert L. Fairley Jr., who shared her love for the performing arts. Once construction of the Alys Stephens Center was completed, Claire was elated. Her first ASC experience did not disappoint.

"The moment I walked in, I felt a special connection," Claire says. "The building turned out to be more than I could have imagined."

Through the years, Claire continues to be a regular at the ASC, enthusiastically attending hundreds of performances.

The ASC has become Claire's home away from home. "I have met incredible people who have become dear friends," she says. "And the staff is always welcoming."

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Recently, Claire notified the ASC that she is including the performing arts center in her will.

She felt compelled to give something back to support the many programs that she has enjoyed in the past so others can enjoy them in the future.

Claire's estate gift will support the ASC's artistic endeavors and ArtPlay's education initiatives. To honor her generosity, the ASC plans to dedicate the Music Room at ArtPlay to Claire.

"My hope is that if we - along with others - give back enough through our wills, trusts and estate planning, our future will remain bright," says Elizabeth Ponder, UAB's director of planned giving. "Other families can reap the benefits of long-range planning."

At some point in our lives, each of us has a chance to impact the life of another. It may be through teaching a valuable lesson, communicating values or making a gift that endures beyond your lifetime. For more information about creating a legacy with the ASC, please contact Director of Planned Giving Elizabeth A. Ponder or ASC Director of Development Lili Anderson. You can also find a wealth of information on our website.

eBrochure Request Form

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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.

Personal Estate Planning Kit Request Form

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