Explore Your Estate & Gift Planning Options

At UTSA, there are multiple options available to establish an estate or planned gift.   We welcome the opportunity to work with you and explore your charitable giving options. You can learn more about the many giving opportunities available, each with certain tax benefits and income potential. Together we can begin the process, determine what works best for you, choose the concepts that will help you realize your objectives, and put your valuable plan in place. 

We look forward to helping you leave a legacy of generosity with gifts that can help meet your financial and philanthropic goals.

Beneficiary Designations

Not everyone wants to commit to making a gift in their will, which involves working with an attorney. One of the simplest ways to make a gift through your estate is by designating UTSA as a beneficiary of assets such as retirement funds, IRAs, life insurance policies, annuities, and more.

It’s simple to make this type of gift, which is flexible and can be changed easily. Here's how to name The University of Texas at San Antonio as a beneficiary: 

  • Contact your retirement plan administrator, insurance company, financial advisor, bank or financial institution for a change-of-beneficiary form.
  • Decide what percentage (1 to 100) you would like UTSA to receive and name the University, along with the percentage you chose, on the beneficiary form.
  • Return the completed form to your plan administrator, insurance company, bank or financial institution.
To name UTSA as a beneficiary please use the following language: "UT System Board of Regents for the benefit of UTSA." If space is limited you can also say “UT System BOR fbo UTSA.”

The University of Texas System's federal tax ID number is 30-0710145.
More and more donors use qualified retirement account assets in their charitable gift planning. The reason: Retirement account assets left to loved ones may be subject to higher taxation than other types of assets.

By using retirement account assets to make a gift (and selecting alternative assets to leave to family members) you may be able to reduce taxes that otherwise would be imposed on those assets and leave more to your intended beneficiaries.
You can name UTSA as a beneficiary of your IRA to receive funds later. You can also make a gift from your IRA now if you are aged 70 ½ or older. It’s easy to do. 

  • Instruct your IRA custodian to make a distribution directly to our organization.
  • Although there is no tax deduction, the distribution is excluded from your income for federal tax purposes—no tax is due!
  • Up to $100,000 of your gift qualifies for this favorable tax treatment.
  • Your gift makes an immediate impact.
  • A qualified charitable distribution from an IRA counts toward a donor's RMD. IRA owners who turned age 70 1/2 in 2019 or before are required to take minimum distributions in 2020 and beyond. For others, under provisions of the SECURE Act, minimum distributions are required beginning at age 72. 
Please contact us to learn more about planning and completing an IRA Rollover gift, or click here to calculate your required minimum distribution.
Life insurance is also an excellent tool for accomplishing philanthropic goals while realizing other important financial objectives. Indeed, life insurance can empower individuals to make charitable gifts they never would have dreamed possible.

Making a gift of life insurance is quite simple. If you are the insured policy owner you can name UTSA as a beneficiary. You could also establish a new policy, or transfer physical possession of your policy to us and file an absolute assignment or transfer of ownership form with your insurance company.

Other Charitable Giving Options

These are but a sampling of the different assets and strategies that you may consider using in realizing your charitable legacy. We look forward to helping you discover what is best for you.

Charitable gift annuities have been in existence since 1831. When a charitable gift annuity is in place, we agree to pay you fixed payments for your life (and/or the life of your chosen beneficiary). The amount of the annuity is based on the gift amount and age of the annuitant(s) at the time of the gift. A gift annuity can be established with a modest contribution and provides several attractive benefits. You can: 

  • Fund it with cash or marketable securities.
  • Qualify for an immediate income tax charitable deduction for the gift (subject to certain income limitations), and
  • Potentially spread out any capital gains tax liability. 
What is more, part of your annuity payment may be federal income tax-free for a certain number of years. As a donor, you can select the payment intervals (usually quarterly) and name the annuitant(s) - one or two persons.

Professionals and other highly compensated employees who frequently "max out" their annual retirement plan contributions because of restrictive rules and regulations may want to consider a deferred gift annuity strategy. Deferred gift annuities offer three important benefits: 

  • They can be used to supplement qualified retirement plan savings.
  • You qualify for a current income tax deduction now during your high-income years.
  • You can postpone the start of annuity payments until later - usually after retirement begins.
Gifts of long term, highly appreciated securities are the most common type of outright property gift. Typically, individual stocks are given; however, bonds or mutual fund shares are also attractive gift options. Outright gifts of securities can be made quickly and these gifts let you do more with your gift because of the very attractive tax benefits.

For appreciated property held long term, the full fair market value of securities given to charity is generally deductible for itemizers. For example, if you give shares of stock that are now worth $10,000, you can deduct the full amount of the gift on your income tax return (subject to certain income limitations), even though you may have bought the stock for $1,000.

A charitable gift of securities held long term is not considered a sale of the securities and does not generate any capital gains tax, no matter the amount of the gain. This is a valuable tax incentive provided by Congress to encourage gifts of appreciated property. The result: a charitable deduction is allowed for capital gains that would have been taxed. And, if we sell the securities, we keep every penny of the proceeds since we are tax exempt.
A donor-advised fund may help reduce income taxes, minimize or avoid estate taxes and avoid or defer capital gains taxes. A donor-advised fund lets you set up an account with an outright gift and make grant recommendations.
An outright gift of real estate may help reduce income taxes, minimize or avoid estate taxes and avoid or defer capital gains taxes. A gift of real estate is a significant gift that creates a significant income tax deduction.

A special provision of the tax law allows an immediate income tax charitable deduction for a gift of a remainder interest in your home, vacation property, or farm. With a remainder interest gift, you retain an absolute right to occupy the home or farm for your life (or the life of a family member). The property passes to us only after termination of the life estate(s).

Through a retained life estate you can donate a home and retain the right to live in the property for the rest of your life. Qualify for a current income tax charitable deduction on the value of our remainder interest in the home.
One method of making a gift with a retained right to income is a charitable remainder trust. Some of the benefits a charitable remainder trust can provide include: 

  • An income for you and/or your beneficiaries for life or a period of up to 20 years.
  • An immediate and substantial income tax charitable deduction (subject to certain income limitations) for itemizers.
  • Potential avoidance of current capital gains taxes when the trust is funded with long-term appreciated property.
  • Reduction of your estate to avoid or reduce death taxes.
  • Substantial reduction of probate costs, taxes, and other estate transfer expenses.
An outright gift of collectibles may help reduce income taxes, minimize or avoid estate taxes and avoid or defer capital gains taxes. In the right situation, the full value of the collectible can be deducted.