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Turner Society

Meb Turner

UB’s 6th President, H. Mebane “Meb” Turner

"You build on the strengths of what people have done before you. And you pay tribute to people along the way."
- H. Mebane Turner

The Turner Society recognizes alumni and friends who have made a commitment to the University of Baltimore through planned or deferred gifts. Planned gifts have become increasingly important to UB's growth. Whether it's creating scholarships, building libraries or endowing professorships, this support opens doors and transforms lives every day.

Membership

Membership in the Turner Society is extended to individuals who have arranged for a deferred gift to the University of Baltimore Foundation in any of the following ways:

  • Bequest in a will or revocable trust
    Leave a legacy for your favorite UB program, department or college without affecting your current assets
  • Beneficiary of an IRA or other qualified retirement plan
    Provide a future gift to UB at a minimal cost to your heirs
  • Charitable remainder trust or gift annuity
    Receive current tax benefits while retaining an income stream for yourself or other beneficiaries
  • Life insurance policy
    Make a significant gift with a modest investment
  • Remainder interest in personal residence
    Receive a tax deduction now and continue to live in your home
  • Charitable lead trust
    Provide income to the UB Foundation now and pass the principal of the asset back to your heirs later at reduced tax cost.

Member Benefits

  • Invitations to attend special events and seminars
  • Recognition in the UB Foundation annual report and in various newletters (We respect the wishes of those who choose to give anonymously.)
  • Information about UB programs that interest you and opportunities to meet faculty, students and administrators

Is UB in Your Estate Plans?

Are you supporting a UB college, department or program that is meaningful to you through an estate gift to the UB Foundation?

Please tell us about it so we can make sure your gift will be used as you intend.

Please contact us if you have not yet included UB in your estate plans but would like to explore the best options for you and your family.

UB Office of Institutional Advancement
P: 410.837.4385
E: fjackson@ubalt.edu

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

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.