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"Most proud of my accomplishment of graduating with a degree in accounting in three years with Summa Cum Laude and Honors."

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"Most proud of my accomplishment of graduating with a degree in accounting in three years with Summa Cum Laude and Honors."

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"Most proud of my accomplishment of graduating with a degree in accounting in three years with Summa Cum Laude and Honors."

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Reaching Across the Generations

Thomas Cameron Byrd is able to focus on his studies at U of M's Lambuth Campus after receiving a need-based scholarship.

Thomas Cameron Byrd is able to focus on his studies at U of M's Lambuth Campus after receiving a need-based scholarship.

Elizabeth T. Caldwell (1917-2012) graduated from West Tennessee State Teachers College—now the University of Memphis—in 1939 with a degree in history. Elizabeth understood the tremendous impact scholarships have on a student's ability to attend college, and made provisions in her estate to create two scholarships benefitting U of M students.

The first scholarship established is the Mary Pettus Thomas Memorial Scholarship, which honors the memory of Elizabeth's aunt, a professor of languages at U of M during the 1930s.

The second scholarship is designated to students attending the U of M Lambuth Campus in Jackson, Tennessee. With support from the Elizabeth T. Caldwell Living Trust, this scholarship is awarded to students with significant financial need. Those students receive an award that will allow them to focus on their studies, not financial burdens.

One such student is Thomas Cameron Byrd, a biology major from Jackson, Tennessee. Thomas hopes to pursue his master's in botany and become a college professor. Cameron writes that being a recipient of this scholarship has enabled him to focus entirely on his classes, labs and studying, "Without the assistance of this scholarship, I would have had to get a job to be able to afford to attend the university. With this help, I can concentrate entirely on my academics, doing the best I can in hopes of someday becoming the professor that can inspire future students."

Support U of M Today
Ensure your legacy will make a meaningful difference to the next generation by planning a gift to the University of Memphis Foundation. Scholarships, like the two established by Elizabeth, are how the University of Memphis Foundation is expanding student opportunities at U of M year after year. Contact Dan H. Murrell, CFRE at 901-678-2732 or dan.murrell@memphis.edu for personalized gift information today.

Visit memphis.mylegacygift.org to begin planning your legacy.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to the University of Memphis 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 give to the University of Memphis, a nonprofit corporation currently located at 635 Normal St. Memphis, TN 38152, or its successor thereto, ______________* [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 the University of Memphis 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 gift 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 receive an immediate federal income tax charitable deduction. 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 the University of Memphis as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 the University of Memphis 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 the University of Memphis where you agree to make a gift to the University of Memphis 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.