When you decide to remember Texas Athletics in your estate plans—and inform us in advance of your thoughtfulness and loyalty—you reserve a special place of honor among all UT donors. A legacy gift is the ultimate expression of your commitment to Texas Athletics.
While providing a much-appreciated gift to support student-athletes and winning teams, a legacy gift may also offer significant tax benefits to you and/or your heirs—sometimes even before your death. Your attorney or financial advisor can provide specific guidance related to your unique financial circumstances and goals.
Ask your estate planner about other options that may give you benefits today for your generosity tomorrow. The University of Texas also offers free guidance from trained advisors on these and other potential legacy gifts. Visit The University of Texas Planned Giving page for more details.
For more information, please contact us at LF@utexas.edu.
Loyalty Points Associated with Planned Gifts
Revocable, documented planned gifts of $100,000 or more earn a one-time bonus of 250 loyalty points and those $25,000 to $99,999 earn a one-time bonus of 50 loyalty points. Irrevocable, documented planned gifts of $100,000 or more earn 5 loyalty points per $100.
LEAVE A BEQUEST IN YOUR WILL
Make a gift of cash by remembering Texas Athletics in your will. You may wish to leave a specific amount or a percentage of your estate. After consulting with your attorney or other estate advisor, you may consider language such as: “I hereby direct $____________ (or ___________ percent of my residual estate) in cash, securities, or other property to the Board of Regents of The University of Texas System for the benefit of the University of Texas at Austin. This gift shall be for the further benefit of Intercollegiate Athletics’ Longhorn Foundation and shall be used for ______________________________ [purpose].”
The UT System Tax ID for estate gifts: 30-0710145
NAME US AS A BENEFICIARY
You can designate Texas Athletics on your insurance policy, pension, retirement plan or Individual Retirement Account. An existing life insurance policy or a new one taken out especially for a charitable donation can be easily turned into a legacy gift. For an existing policy, pension or IRA, just complete a change of beneficiary form. A new life insurance policy can be assigned to the Longhorn Foundation after you make the first premium payment.
GIVE A GIFT OF STOCKS OR BONDS
Donate stocks that have risen in value since you purchased them — called appreciated securities — and Texas Athletics can receive maximum, immediate value from your gift while you get a significant break on your taxes. Check with your financial advisor or broker for details.
CONSIDER GIFTS OF PROPERTY SUCH AS REAL ESTATE, JEWELRY OR ART
By leaving a gift to Texas Athletics, you’ll not only leave a legacy, but your heirs may realize significant estate tax savings.
ESTABLISH A CHARITABLE TRUST
If you have built up a significant estate, a trust may allow you to support Texas Athletics without giving up any assets that you’d like your family to receive someday. Several different types of trusts might be an option for you, depending on your goals and financial circumstances.
