Planned gifts financially benefit donors and university
Beyond the satisfaction of helping young people to achieve life goals and helping a university to thrive, planned gifts such as charitable gift annuities give donors other benefits.
George Christy was a celebrated longtime professor of finance at the University of North Texas. In fact, former UNT Foundation board member Robert Nickell established a $100,000 scholarship endowment through the Foundation to honor his former professor.
George and Ruth Christy established two charitable gift annuities with the Foundation. An annuity provides some tax advantages to the donor and a consistent income through their lives or the terms of the annuity. The remainder becomes a gift to the university.
George Christy passed away in December 2005 and his wife passed away in February 2006. They arranged for the remainder in their annuities to be used to establish the George A. and Ruth K. Christy Endowment Fund. The endowment supports the George and Ruth Christy Library Service Recognition Award.
perpetuity (pur-pi-too-i-tee)
1. the state or character of being perpetual
2. endless or indefintely long duration or existence; eternity
Ex. With an endowment gift to the UNT Foundation, you support the students, faculty and staff who make up the UNT family, in perpetuity.
Brent Davison, former vice president for Advancement at UNT, said George Christy was “full of worldly knowledge.”
“He loved to travel and he loved to read,” Davison said, adding that George and Ruth had planned on travelling a lot more in retirement, but Ruth fell ill and they could not.
So, George spent much of his time exploring the world through books at the UNT library.
“He was a real Renaissance man,” Davison said. “He said the people in the library were always tremendously helpful, and he thought they could put a little incentive money to good use.
If you would like to contribute to the Library Service Recognition Endowment or ask questions about establishing an annuity with the UNT Foundation, please call (940) 565-4555.
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