Planned Giving

A well-designed planned gift can provide you and your family with meaningful financial benefits, including tax savings and enhanced gifts to pass on to your loved ones, while creating a lasting legacy at UT Southwestern Medical Center.

Gifts by Will

Bequests by friends, grateful patients, and alumni play a continuing role in UT Southwestern’s financial strength. The full value of a bequest to UT Southwestern is deductible for estate tax purposes without limitation on the amount of the deduction. Bequests provide a way to make a contribution that may not have been possible during the donor’s lifetime, and have an impact for generations to come.

Life Income Gifts

Assets may be contributed to UT Southwestern while continuing to earn income for the donor. This type of charitable donation is applicable to the asset owner, a spouse, or designated individual. These instruments, such as charitable unitrusts or annuity trusts, can be established via a bank, through the Southwestern Medical Foundation, or The University of Texas System.

The Charitable IRA Rollover Is Back 

On January 2, 2013, the American Taxpayer Relief Act of 2013 was signed into law. An extension of the Charitable IRA Rollover for 2012 and 2013 was included in this bill. The Charitable IRA Rollover allows those who have reached the age of 70½ to make charitable gifts directly from their IRAs without needing to claim the distribution as income.

If you made a qualified charitable distribution of IRA funds directly from your IRA custodian to charity in 2012 with the expectation that the rollover would be extended, such gifts will qualify as a Charitable IRA Rollover. If you did not make a charitable IRA rollover gift in 2012, you may do so during January and count the gift as a 2012 rollover. Of course, you have all of 2013 to make a charitable rollover gift for 2013.

The bill also includes a special rule that allows those who took a taxable distribution from the IRAs in December 2012 to satisfy the required minimum distribution rules to make a cash gift of equal or lesser value to UT Southwestern until the end of January 2013 and consider that a 2012 Charitable Rollover.

As in prior years the Charitable IRA Rollover has the following requirements:

  • The taxpayer must be age 70½ at the time of the gift
  • The transfer must be made directly from the IRA account to a qualified charity
  • The maximum amount that can be transferred per year is $100,000 per taxpayer

Consult your tax advisor to determine how this new law will impact you or call Randy Daugherty, Director of Planned Giving, at 214-648-3069 for assistance.