Gifts That Make An Impact Now

When you establish a scholarship to honor someone special, you’re expressing your love, admiration and gratitude in a deeply meaningful way. Your gift will honor your loved one, create a lasting tribute and ensure generations of students are able to reach their fullest potential.

You can use stocks, bonds and mutual funds that have appreciated in value to establish your endowed scholarship. You may receive a charitable income tax deduction for the full market value of the security (up to a maximum of 30% of your adjusted gross income) and avoid paying capital gains tax.

If you have been considering a gift to support students, now is the time. You can double your impact through the Texas Challenge. Make a gift to create a scholarship endowment and it will be matched dollar-for-dollar to support high-potential Texas students from middle- and low-income families.

You can learn more about the Texas Challenge here, or request a conversation with our team to help you plan your gift.

• You must be 70 ½ or older.
• An individual may transfer up to a total of $105,000 per year and a married couple may give up to $210,000.
• An individual may take a one-time QCD up to $53,000 to fund a charitable gift annuity (CGA) or charitable remainder trust (CRT).
• Your gift must be transferred directly from the IRA account to The University of Texas at Austin.
• Your gift is a transfer of funds from your IRA to The University of Texas at Austin so it does not create taxable income for you.
• If you are 73 and older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.

If you’re interested in this popular way to support UT students, download a sample letter for your IRA administrator here.