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Importance of Endowments

Endowed Gifts

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Endowments are particularly meaningful to the University of Baltimore as they offer a dependable, perpetual source of funding. The investment made in UB with the creation of an endowment provides the type of support that makes a real difference in the lives of our students, faculty and staff.

Imagine making a contribution that leaves a legacy to UB for generations to come. Endowments enable UB to attract excellent students, support exceptional faculty and expand and develop new programs.

Here's how it works: The total amount of the endowment gift is invested. Each year a portion of the income earned is spent to support UB’s greatest need or the program, scholarship or initiative of your choice. The remaining funds are reinvested to ensure indefinite support.

Support Your Passion, Honor Someone You Love

One of the advantages of creating an endowment is being able to support the program, initiative or scholarship that you value the most at UB. Endowments bring about a profound impact because they support your chosen area to support forever.

Endowments are an excellent way to permanently honor your family, a mentor or a loved one. In fact, loved ones may also choose to support your fund because they know how special it is to you.

Learn How to Fund It

You can create an endowed gift using the following assets:

Ensure Your Future Is Secure.

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Next Steps

  1. Contact Francena Phillips Jackson, M.A. ’94 at 410.837.4385 or fjackson@ubalt.edu to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. If you include UB in your plans, please use our legal name and federal tax ID.

Legal Name: University of Baltimore Foundation, Inc.
Address: 1130 N. Charles St., Baltimore, MD 21201
Federal Tax ID Number: 23-7036780

Last Published 7/09/15

A charitable bequest is one or two sentences in your will or living trust that leave to the University of Baltimore a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to the University of Baltimore [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to UB or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to UB as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to UB as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and UB where you agree to make a gift to UB and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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