Gift Planning at The University of Texas at Austin
Charitable Gift Annuity
When you are looking for ways to help The University of Texas at Austin become the best public research university in America, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the university's students and programs while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and ensure a brighter future for our students, but when you create a charitable gift annuity with the university you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 55 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
An Example of How It Works
Ruth Lange, BSN ‘70, is financing her adventures in retirement partly through supporting UT. Lange and her late husband, Leroy, set up several Texas charitable gift annuities in the late 2000s. “We tried to be really smart investors all along the way,” she explains. “The gift annuity seemed like another smart investment.” By choosing to create them with UT, the Langes’ annuities to benefit the School of Nursing will make a big difference over time, eventually endowing scholarships to support students with the greatest financial need and making a UT education possible for later generations of Texas nurses.
“We need nurses and we wanted to help with that,” Lange says of their decision to support the school. “More and more people are going to need care, and we need nurses to take care of them.”
For now, the Langes’ gifts “serve me well,” Ruth says. She appreciates benefits like funds depositing directly to her bank and a steady income for the rest of her life — not to mention the high fixed rate of return on her investment.
- Contact the Gift and Estate Planning Team at 512-475-9632 or GEPteam@austin.utexas.edu for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the University.
- Seek the advice of your financial or legal advisor.
- If you include the University in your plans, please use our legal name and federal tax ID.
Legal Name: Board of Regents of The University of Texas System for the benefit of The University of Texas at Austin
Address: P.O. Box 7458 Austin, TX 78713
Federal Tax ID Number: 30-0710145