Frequently Asked Questions

Can I create income with my gift?

Yes! The University of Tennessee Health Science Center has many plans for Gifts that Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to UTHSC by using a Charitable Lead Trust.
I am unable to make a current gift, but I'd still like to support UTHSC in the future. Any ideas?

An easy and low-cost way to make a gift to UTHSC is to include UTHSC in your will or revocable trust. Gifts by Will are a major source of endowment support at University of Tennessee Foundation, Inc. Each individual legacy contributes to our financial strength and ability to meet the needs of our patients and their families. If you have not already done so, please consider putting UTHSC in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate UTHSC the beneficiary of Life insurance, annuities, or Retirement-Plan Benefits.

What asset should I use to make my gift?

Can I direct how UTHSC will use my gift?

Most often the answer to this is “yes”!! Many donors direct that their gifts be used to fund programs, support specific departments, or remember a loved one. Please be sure to discuss this when you make your gift.
How will UTHSC recognize my gift?

Your gift will be listed in the annual honor roll of donors in the year you make the gift. If your gift is a bequest commitment, or through life insurance, life-income plans, or lead trusts, you will become a permanent member of the UTHSC Legacy Society. Of course, we will also honor any requests for gifts to be anonymous.
Why should I consider a gift to UTHSC
Gifts are made for many different reasons. Often gifts are made:
- To express gratitude for the care you received.
- To honor a loved one.
- To ensure UTHSC will remain a vibrant and strong place for today’s and future patients.
- To help UTHSC provide the very best in care to patients, regardless of their finances.
- To celebrate a special occasion.

Gift Type	Possible Benefits
Cash	Current income-tax deduction Generate income
Appreciated securities, such as stocks, bonds, or mutual funds	Elimination or reduction of capital-gain tax Current income-tax deduction Generate income
Transfer of residential, commercial, or undeveloped real estate	Elimination or reduction of capital-gain tax Income- and estate-tax savings Generate income Relief from management
Donate an interest in closely held or family business stock	Reduce the cost of passing the business to heirs Income- and estate-tax savings Generate income
Give us tangible personal property like art, books, or collectibles	An income-tax charitable deduction
Make UTHSC the owner and beneficiary of life insurance or annuities	Income- and estate-tax savings