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Your Legacy Could Change Many Lives

Dr. Adam Wright, President

By Dr. Adam Wright, President

One morning in 1888, Alfred Nobel, inventor of dynamite, awoke to read his own obituary. The obituary was printed as a result of a simple journalistic error. His brother had died, and a French reporter carelessly reported the death of the wrong brother. Any man would be disturbed under the circumstances, but to Alfred Nobel the shock was overwhelming.

Alfred Nobel saw himself as the world saw him-the great industrialist who had made an immense fortune from explosives. This, as far as the public knew, was the entire purpose of his life. None of his true intentions were recognized or given serious consideration. He was quite simply a merchant of death, and for that alone he would be remembered.

As he read the obituary with horror, Alfred Nobel resolved to make clear to the world the true meaning and purpose of his life. This could be done through the final disposition of his fortune.

His last will and testament would be the expression of his life's ideals. The result was the creation of the most valued prizes given annually on an international basis-the Nobel Prizes.

What will your legacy be? Perhaps you could make a significant difference in the lives of future generations of young people who would like to have a Christian education at Dallas Baptist University. Perhaps you could help with one of our building programs or create a scholarship fund that could give young people the opportunity of a lifetime.|

What will your legacy be?

You can join the DBU Legacy Society and help assure the future of DBU by several methods of giving: including DBU in your will, establishing a remainder interest gift, providing a gift of income for a specific time, creating a charitable remainder unitrust, or providing a gift annuity.

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A charitable bequest is one or two sentences in your will or living trust that leave to Dallas Baptist University 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 Dallas Baptist University, Dallas, Texas, [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 Dallas Baptist University 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 Dallas Baptist University 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 Dallas Baptist University 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 Dallas Baptist University where you agree to make a gift to Dallas Baptist University 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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