Loyalty and Learning

Which Never Diminishes

Walt and Janie Henderson

In honor of the opportunities and education he received at SMU, Walt Henderson and his wife, Janie, made gifts that will support future students.

Walt Henderson enjoyed attending SMU football games while growing up in nearby University Park. He remembers watching Mustang legends Doak Walker and Kyle Rote making history at SMU's Ownby Stadium, and then in the Cotton Bowl. Almost seven decades later, Henderson still cheers for the Mustangs—on the playing field and in the classroom.

He and his wife, Janie, hold season tickets for football and basketball, but their interest in the Hilltop experience isn't limited to sports. They've also been impressed by student accomplishments in the academic arena, which circles back to his studies in engineering and business.

After graduating from SMU, Walt achieved success, first with IBM and later in commercial real estate, while maintaining ties to the Hilltop as an involved alumnus. When it was time to consider the future, he thought of SMU and made a planned gift to the University in the form of a paid-up life insurance policy.

Recently, Walt and Janie increased their investment in his alma mater's future by designating SMU's Lyle School of Engineering as a beneficiary in their family trust. His gift pays tribute to an engineering education that "taught me to analyze and think," and a discipline that continues to make strides. When he was in school in the 1950s, there was only one female engineering student, and as he and Janie point out, SMU now recruits and graduates a higher percentage of female engineering students than most universities.

He's also proud of the impact SMU has on its students and on the local and regional economy. In fact, at a time when others are slowing down, the octogenarian recently amplified his involvement by joining the SMU Alumni Board.

"Making the additional planned gift was an easy choice," Walt says. He adds, "If you are a graduate, think about the things the University provided that helped you get where you are today, and think about all the resources that you still benefit from as alumni."

By his example of continued volunteerism and philanthropy, Walt exemplifies a continued loyalty to SMU and love of learning to which future generations of students can aspire.

Ready to make a difference for future SMU students like Walt and Janie have done? Contact SMU's Office of Gift Planning at 214-768-1911 or giftplanning@smu.edu to get started today.

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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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