Here
at the University of Texas Medical Branch, a powerful investment is being made
through private giving. In fact, throughout our 110-year history, no corner of
this campus has gone untouched by the hand of philanthropy.
Scholarships
to reward and inspire outstanding students, endowments to sponsor the work of
internationally acclaimed research scientists and contributions to spur
innovations in patient care are but a few ways that our benefactors are helping
set the pace.
Would
you like to speak with someone to find out more information regarding
endowments, memorials, and other gifts to the School of Health Professions?
Contact John Mitchener at (409) 747-1608.
jcmitche@utmb.edu
Philanthropy
At
the University of Texas Medical Branch at Galveston, philanthropy has long been
our lifeblood. The fact that today, UTMB is a place where cutting edge
biomedical ideas are being hatched, where tomorrow's health care leaders are
getting their start and where patients come for some of the best care anywhere
owes much to the vision and commitment of our alumni and friends.
Through
private giving, a powerful investment is being made. In fact, throughout our
110-year history, no corner of this campus has gone untouched by the hand of
philanthropy. Scholarships to reward and inspire outstanding students,
endowments to sponsor the work of internationally acclaimed research scientists
and contributions to spur innovations in patient care are but a few ways that
our benefactors are helping set the pace.
In
so many ways and places, literally millions of lives are touched in some
positive way by this great university. Your contribution truly makes a
difference.
The
School of Health Professions recently rededicated its efforts, school-wide,
to building scholarship endowments, endowed faculty positions and its annual
scholarship fund. Our goal is to offer financial assistance that can actually
make the difference between receiving an education in the health professions and
the inability to do so. We want to offer that opportunity to greater number of
deserving, competent, applicants and students. Endowed faculty positions enable
the faculty to use the income in a variety of ways. While these funds do not
cover salary, which is provided by a specific department, school or program,
they do provide resources that play an important role in the life of SHP. Some
faculty apply endowment income to purchase state-of- the-art equipment or hire
postdoctoral fellows- allowing innovative research programs to get off the
ground. Others see resources from endowment as a source of professional
development, a way to facilitate attendance at professional conferences and
pursue continuing education opportunities. For others still, endowments can help
secure important resources that support the educational process---a way, for
example, to bring visiting speakers to campus.
The
idea behind growing our endowments is a decidedly simple one. Endowments are
permanent funds that support UTMB's academic, research and clinical missions.
With an endowment, your charity, school, or church gets to keep the money and
spend it too. An endowment is an account established under the condition that
only the interest (or income, as it is called) earned by the principal (or
corpus) can be spent. Contributions to the corpus are fully tax-deductible.
Endowments can be established with gifts of cash, stocks, personal property,
trust, life insurance designations, or bequests. The corpus is never diminished,
but the interest that it earns can be spent each year. At UTMB and its schools,
an endowment can be established with a $10,000 gift. This generates interest
that can then be used for the defined purpose of the endowments, so that they
earn a greater annual income that can help more students with financial needs or
researchers with pilot projects. Some of you might be interested in starting an
endowment or honoring the memory of a loved one.
Ways to
Give
UTMB
benefactors have a wide variety of giving options at their disposal—many
of which enable you to combine philanthropic and financial goals. Gifts of
cash,
appreciated
securities,
life
insurance,
bequests and
real estate are exciting possibilities, as are gifts that provide a source
of
life income—from charitable remainder trusts to
charitable gift annuities. Gifts can be unrestricted, enabling us to target the
university's highest priorities or can be earmarked for a specific UTMB school,
department, program or hospital. Operating gifts have an immediate impact.
Endowment gifts, on the other hand, are an investment in the future-a permanent
source of support throughout the life of the university.
Endowment Levels
