Making a World of Difference

Jo Nelle Bain

Jo Nelle Bain '71, '75 is shaping world changers through a planned gift to SMU.

Jo Nelle Bain '71, '75 has never forgotten the thrill of a 7,000-mile adventure she took at age 10 with her mother. Since then, she has traveled to more than 40 countries and is still finding new places to explore.

While the retired media professional is seeing the world, she is also planning a bright future for tomorrow's SMU world changers. She has decided to designate SMU as a beneficiary of a retirement plan—a significant portion of her overall estate.

Her decision reflects the values she learned at an early age from her mother, a high school teacher. Her mother stressed financial responsibility, and above all, the importance of a good education.

As an SMU student, everything she studied broadened her perspective, she says, and helped shape her future success. "I am grateful to SMU for providing me with such a wonderful, well-rounded education," she says.

Jo Nelle has taken measures to ensure that students benefit from similar transformative academic experiences in years to come. Fellow Mustangs can make provisions for their families while expanding their legacies through planned gifts to SMU, she says. "It's common for people to leave most things behind for their children and grandchildren," she says. "But if you give a percentage of that to your university, you can help in educating future generations."

"By making a planned gift," she adds, "you've done something you know will live on." In establishing a planned gift, this world traveler will indeed be helping SMU shape future generations of world changers.

Let Us Help

Let us share all the ways your gift makes a difference at SMU. Contact SMU's Office of Gift Planning at 214-768-1911 or to get started.

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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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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

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