And the Poetry Continues...

The impact of beloved and renowned SMU English professor, Laurence Perrine, will continue thanks to a bequest made by his wife, Catherine. The couple met while teaching in SMU's English department.

Laurence not only had a long and distinguished career at SMU, he also received national recognition for his classic textbooks, Sound and Sense and Story and Structure. Sound and Sense was originally developed for use in Laurence's poetry class, but became one of the most influential works in American education.

After Laurence died, Catherine wanted to give back to the institution the Perrines loved. In her will, Catherine made a stock gift to SMU and simply requested that it be used for Dedman College. SMU's board of trustees resolved to use the funds in a way that would be fitting of this amazing couple. The gift created an endowed chair that will support a faculty position specializing in creative writing. The Perrine gift also endowed scholarships for students in Dedman College.

CHANGING A LIFE
Last year, Rebecca Quinn, class of 2011 and a triple major in French, Spanish and art history, received one of the Perrine President's scholarships. For Rebecca, as with many students, the benefits of a scholarship extend beyond financial support. Rebecca shares that she has "been privy to opportunities and experiences that would have been unthinkable at any other university. I have found people with whom to live, debate, grow and laugh. For me, such a gift has been both an honor and a call to duty to participate actively in the conversation of my generation."

A LASTING LEGACY
Laurence touched the lives of students for more than three decades. The gift in Catherine's will ensures that the legacy her husband began at SMU will continue. Rebecca and other students are thankful for the Perrines' love of literature and their generous gift. That gratitude will continue to benefit more incredible SMU students in perpetuity.

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 Southern Methodist University 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 Southern Methodist University, a nonprofit corporation currently located at Dallas, TX, 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 SMU 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 SMU 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 SMU 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 SMU where you agree to make a gift to SMU 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.