How to Give
The benefits of using a donor advised fund (DAF) are strong and, with new tax laws, are expected to grow in appeal to strategic donors. They are far easier to establish than a private foundation and allow you to support UTSA with relatively small amounts of money.
With a low barrier to entry and multiple ways to create charitable impact, DAFs are a great strategy for charitable giving. If you have questions about setting one up, or want more information please contact us.
When you open a donor advised fund, you are creating a separate entity with the sole purpose of using the assets under management to support qualified charities.
You can fund it by irrevocably contributing assets such as cash, appreciated stock, insurance proceeds, or various other forms of capital. Given that your DAF is a separate entity, you can take an immediate tax deduction for the amount of the gift.
As advisor to the fund, you can elect to manage the investments personally or choose to have an investment advisor manage the portfolio.
The two primary avenues of supporting UTSA with your donor advised fund are through a beneficiary designation and recommending grants.
It’s easy to recommend a grant from your DAF and make a gift to support UTSA today. Make your grant payable to The University of Texas at San Antonio (Federal Tax-Exempt ID: 74-1717115) and mail to us at UTSA Gift Services, One UTSA Circle, San Antonio, TX 78249.
It is simple to name UTSA as the beneficiary of a DAF, as well as a retirement plan, life insurance policy, or other asset. Contact your advisor for a change-of-beneficiary form. Decide what percentage (1 to 100) you would like UTSA to receive and name the university, along with the percentage you choose, on the beneficiary form that you return to your plan administrator, insurance company, bank or financial institution.
“UT System Board of Regents for the benefit of UTSA.”
The University of Texas System’s federal tax ID number is 30-0710145.
If you do not have a donor advised fund and are interested in setting up one, you can do so through the University of Texas Foundation to benefit UTSA and other charities of your choice. The University of Texas Foundation’s Donor Advised Fund provides a flexible option for those who want to support the continuing tradition of excellence in the UT System, as well as other philanthropic interests. The Donor Advised Fund operates much liked a small private foundation on whose governing board the donor sits. This arrangement allows the donors to express ideas on how fund distributions will be used (at least 50 percent must be invested in UTSA or other UT System Institutions).
You may take a full income tax deduction on the initial gift amount as well as any additional gifts, to the extent allowed by law. Once the funds are invested you can recommend grants to UTSA or any other of the 14 UT Institutions. There is a minimum contribution of $25,000 and a required minimum annual distribution of 5% of the assets. Contact us to learn more.
© Planned Giving Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
We are committed to helping friends and supporters of The University of Texas at San Antonio engage with the university in ways that will create a bold future for our students, faculty, and staff. Whatever your interest at UTSA, we can help you make a lasting impact on Roadrunner Nation.