UNIVERSITY of MOBILE FOUNDATION
"Planned giving offers donors the opportunity to make a much larger gift than they may otherwise be able to make.
Often these gifts are transformative for the university, enabling UM to continue providing the educational environment that honors Christ while preparing students to pursue their professional calling,"
– Brian P. Boyle
Creating a Lasting Foundation
Many donors may not realize the capacity they have to positively impact the lives of students, faculty and the University of Mobile for generations. It’s true that most donors cannot afford to make a major gift to the university at a given moment in their lives, but planned giving provides an avenue through which the same people can give more than they ever thought possible.
Planned gifts are typically the largest and most significant gift a donor will ever make. At UM, the evidence of planned giving and the effectiveness of such generosity is clearly seen across the institution. Through the years, the university's most generous benefactors have funded scholarships, chairs and professorships, campus infrastructure and many other areas of critical need through planned gifts.
Other than making a significant impact on UM, another benefit of planned giving is the potential for tax advantages for the donor. These advantages could be substantial, and may provide immediate deductions and/or greatly reduced estate taxes in the future. This is especially true when securities, properties and other assets that have appreciated in value may be involved. The total income, estate and capital gains tax savings, when combined with lower probate expenses, are typically quite significant.
The University of Mobile recommends all planned giving be done with the advice of tax professionals and legal counsel. In cases where donors don’t have their own financial advisor, UM can introduce them to PhilanthroCorp. PhilanthroCorp is an estate planning firm founded on Christian principles, and through an agreement with UM, they make their services available to donors without any cost or obligation. They do not sell insurance or any other products, and they do not make a commission. They simply study the donor’s information and develop an estate plan that will maximize their goals while minimizing taxes.