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Retired Employee Proud of Her Association With DBU

When Maxine Crouch Day says that she just loves Dallas Baptist University, there can be no doubting her sincerity.

Maxine has worked for the University and "she speaks out for DBU every chance she gets." She also had a daughter graduate from DBU, and she supports the University as one of its most faithful donors.

But that's still not enough for Maxine; she wants to do even more for DBU. That is why she is remembering the University in her will with a percentage of her estate.

"My love for DBU started in 1965," Maxine says, "when the University first came to Dallas. It has influenced my life. I am so proud of my association with DBU. I wholeheartedly agree with its principles."

Maxine grew up in the church, and it was through the church she was attending in the mid-1960s that she became acquainted with Dallas Baptist University. In 1975, she took a job with DBU, and five years later Maxine became the executive assistant to new University President Dr. W. Marvin Watson.

"It was from Dr. Watson that I learned that if employees and alumni don't support the University, then why should anyone else?" It is a message Maxine took to heart—though she was no stranger to the value and importance of charitable giving.

Maxine, who retired from DBU in 1991, has been widowed twice. She was first married
to Johnnie Crouch and then to Dr. Clayton Day. Both husbands, she says, were "great Christian men and very, very generous. They believed in giving."

The same can be said of Maxine. "I count service to DBU as service to the Lord," she says." I do support DBU as much as I can financially."

And she says of her fellow Baptists in the Dallas area: "It is their university, and they should support it too."

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© Dallas Baptist University      See Legal notice

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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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.

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