Finding a Plan with the Right Chemistry

Gifts made by SMU Professor Ed Biehland his wife, Julianne, will support theUniversity’s chemistry department.

Gifts made by SMU Professor Ed Biehl and his wife, Julianne, will support the University’s chemistry department.

SMU Professor Ed Biehl was an aspiring professional pianist when undergraduate science courses changed his life. Opportunities to engage in research sparked a love of chemistry that has inspired him to set the stage for similar discoveries by future SMU students.

Ed calls his initial decision to take a scientific career path a "whim." After serving in the military, he enrolled at the University of Pittsburgh on the GI Bill. Like many first-year students, he wasn’t sure what he wanted to do, so he made a snap judgment at registration to follow a pre-med track after hearing the student in front of him declare a pre-med major.

The rest, as they say, is history. After earning a bachelor’s degree and doctorate in chemistry from Pitt, he moved to Dallas with his young family in 1962 to join the SMU faculty. His wife, Julianne, and three of their four children are graduates of the University.

On any given day, Ed can be seen striding along campus walkways as he heads to and from his nearby home. An internationally recognized expert in the areas of benzyne chemistry and microwave synthesis, he has more than 200 publications in scientific journals to his credit.

"I have enjoyed every bit of my career at SMU," he says. "Working with my students—whether they are non-majors taking beginning chemistry or students conducting important research—has been and continues to be incredibly rewarding."

As a meaningful way to support SMU and, in particular, the department of chemistry in Dedman College, Ed and Julianne have established 10 charitable gift annuities with the University. Upon establishing each contract, they were entitled to an income tax deduction.

Through the annuities, he and Julianne will receive a dependable stream of payments for the rest of their lives, and afterward, the remaining funds will be directed to The Edward R. and Julianne A. Biehl Endowment Fund for Chemistry to support the chemistry department in perpetuity.

"I like knowing that I am going to receive a set annuity payment each quarter, and I know that my gift will eventually provide support for the chemistry department," Ed says. "Gift annuities are great, and I really encourage other SMU supporters to think about this kind of gift."

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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.

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