Planned Giving

Opportunities to Give

Committed to the pursuit of wisdom, truth and virtue, the University of Dallas is steeped in Catholic intellectual tradition and the strength of its nationally recognized programs in the liberal arts, business and ministry. More than 1,300 undergraduate and 1,100 graduate students come together at UD in an enriching, engaged community dedicated to creating the world’s leaders and independent thinkers. Your generous gift to UD will support key priorities and initiatives that will make a significant impact now – or for generations to come.

Planned Giving: Create a Legacy of Learning

Your planned gift to UD allows you to make a significant contribution that will not impact your current financial situation. You may designate UD as the recipient of assets in the future, or you may make an immediate gift of an asset that you do not require as part of your current resource portfolio. A strategically planned estate or deferred gift can offer tremendous mutual value – potential tax and other financial benefits for your estate and heirs, as well as impact in perpetuity for UD. As you develop your charitable vision, it is important to consider how your giving strategy might affect your overall financial picture; therefore, please consult your attorney and other professional financial advisers. Here are some options to consider:

Bequests/Wills

The charitable bequest is the simplest planned gift. It offers a straightforward opportunity to make a substantial contribution to further the University’s work and mission without drawing on your current resources. This involves adding a clause to your will or trust that states that you give a percentage, specific amount, named asset or the remainder of your estate to the University of Dallas. We would be pleased to assist you with wording upon request.

Beneficiary Designations

You may name the University of Dallas as a beneficiary of a retirement plan, IRA, 401(k), or life insurance policy, as well as a certificate of deposit or a savings account.

Charitable IRA Rollover

What is a Charitable IRA Rollover?
The charitable IRA rollover is a permanent provision in the tax code that allows individuals who are 70.5 years of age or older to make charitable gifts from their Individual Retirement Accounts (IRAs) directly to the University of Dallas.

How Does This Help the University of Dallas?
If you are 70.5 years of age or older, you can take advantage of a simple way to benefit UD and receive tax benefits in return. You can give up to $100,000 from your IRA directly to qualified charities, such as UD, without having to pay income taxes on the money.

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the impact your donation is making.
  • You pay no income taxes on the gift. The transfer does not generate taxable income, and it also does not generate a tax deduction.
  • If you have not taken your minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Frequently Asked Questions
I have already named the University of Dallas as a beneficiary of my IRA. What are the benefits if I make a gift not instead of after my lifetime?
By making a gift this year of up to $100,000 from your IRA, you can see your donated dollars at work. You are shaping the legacy you would like to leave and watching your philanthropy in action. Additionally, you can fulfill any outstanding pledges you may have made by transferring the pledge amount from your IRA as long as it does not exceed $100,000 total for the year.

How can I make an IRA gift?
Transfers must be made by your IRA custodian from your IRA account directly to the University of Dallas. Funds you withdraw and then contribute will not qualify and will be taxable.

Can my gift be used as my required minimum distribution under the law?
Yes. If you have not yet taken your required minimum distribution, the IRA charitable rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift.

I have two charities I want to support. Can I give $100,000 from my IRA to each?
No. Under the law, the maximum amount you can give from your IRA to qualified charitable organizations is $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount over $100,000 in one year must be reported as taxable income.

Did I miss anything?
Please feel free to contact Elizabeth Murray in the Office of Advancement at 972-721-5053 or emurray@udallas.edu with any questions you may have. UD recommends consulting with your tax professional if you are contemplating a charitable gift under the extended law.

Trusts

In some cases, these options provide a means of making a significant gift while retaining a life income. Along with federal tax benefits, there are corresponding restrictions. Examples include:

  • charitable gift annuity
  • charitable lead trust
  • charitable remainder trust
  • pooled income fund
  • life estate contract

When you have completed your estate plan and have arranged for your gift to UD, simply inform us in writing that the University has been included in your estate plans. Documentation of your planned gift is critical and much appreciated. Examples include:

  • a copy of the pertinent provisions of your will or trust
  • a copy of the life insurance policy that names UD as a beneficiary
  • a letter from your attorney stating that you have, indeed, included UD in your estate gift planning

Our planned giving donors are invited to become members of the Due Santi Society, our special recognition group for those making the ultimate commitment to the university. Of course, you have the option to remain anonymous, as well.