Planned Giving Opportunities

By assigning ownership of an existing life insurance policy to UAB, a donor may qualify for an initial deduction approximately equal to the current cash value of the policy, and also may be able to deduct subsequent contributions to UAB that may be used for premium payments

Securities, money, or property may be irrevocably transferred to UAB with a provision that periodic income payments may be made for life to the donor or to someone named by the donor. After payments to the beneficiary or beneficiaries have ended, UAB uses the funds remaining in the trust for the purpose designated by the donor.

A benefactor may leave an outright testamentary bequest in cash to UAB or provide income for one or more individuals through a testamentary trust. UAB may also be named as the beneficiary of a residuary or a conditional bequest. (Expert legal advice is recommended.)

UAB will be happy to provide further information about these or other charitable arrangements to fit a donor’s individual financial situation and charitable objectives. Because aspects of some giving methods are highly technical or subject to different tax consequences based upon the donor’s individual circumstances, UAB encourages a potential donor to consult with an attorney, accountant, or other qualified advisor. UAB welcomes the opportunity to work with these professionals to accomplish a donor’s objectives.

As both a benefactor and investor in the Campaign for UAB, a donor has a right to know how the university uses contributions. We fully accept that principle and will continue to make periodic reports, at least annually, of the use of private funds.

If you are interested in learning even more about your planned giving opportunities, you can visit the UAB Development Planned Giving website or you can contact us and we will be happy to make sure your concerns are properly addressed.