Grateful Remembrance

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It was 1949 when Joel Rubel met his future wife Sylvia in Austin, Texas. After graduating, Joel moved to Dallas where he and Sylvia were married and Sylvia attended SMU. Sylvia was an English and Journalism major benefitting from a half-tuition scholarship from SMU, while also working as an editor for a local magazine to further fund her studies. By 1952, Sylvia and Joel were enjoying life as a married couple and Sylvia graduated from SMU Phi Beta Kappa and with Honors.

Thirty-five years later, out of gratitude for SMU's generosity and tuition support, the Rubels decided to give back to the University through the formation of a new scholarship fund. The Joel and Sylvia Rubel Endowed Fund would provide half-tuition scholarships to SMU students in need of financial support—the same type of scholarship assistance that supported Sylvia during her own time at the University.

Though Sylvia has passed away, the Joel and Sylvia Rubel Endowed Fund remains an emblem of the couple's generosity and gratitude. A recent recipient of funding from the Rubel's endowment explains that their support has helped him finance college and focus more on his studies. Andrew Paguaga writes, "I feel blessed to have received this scholarship and I will always be thankful for it." Andrew is now a five-semester Honor Roll student and member of two National Honor Societies.

Behind the inspiration of this gift Joel explains, "I wanted SMU to provide for students the way they provided for my wife when she attended here." In so many ways, the Joel and Sylvia Rubel Endowed Fund embodies the meaningful impact that past generations can have on the opportunities for SMU students today.

Joel remains committed to the University's future and has included SMU in his will, further supporting SMU's ability to provide financial aid upon his death. This grateful remembrance—from the establishment of their scholarship fund in 1985 to Joel's existing bequest—represents a truly inspiring commitment to SMU's unbridled future.

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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.

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