1870 Society

Create your personal legacy at The University of Akron Foundation

In the Company of Visionaries

1870 Society LogoFrom University founder John R. Buchtel in 1870 to present-day philanthropists, individuals with foresight and generosity have played a key role in sustaining and enriching UA's future. These individuals are members of the 1870 Society, which recognizes alumni, retirees, faculty, staff, and all those who have named UA as a beneficiary of a planned gift.

The impact of planned gifts are everywhere on the UA campus — some more visible than others. There are named buildings, rooms, and tangible enhancements for all to see. There also are endowed funds and scholarships that quietly provide financial support to deserving students, fund fellowships or lectureships, and expand important programs. In all instances, planned gifts make lasting contributions to the UA student experience — and to student success.

We invite you to join the 1870 Society by making a lasting impact on future generations of UA students.

The University of Akron is profoundly grateful to alumni and friends who, through thoughtful estate planning, have made planned gifts to The University of Akron — helping to sustain and enrich the institution for future generations.

If you are considering a planned gift, please contact the Center for Gift and Estate Planning at 330-972-2819 or email Lia Jones, Esq. at LiaJones@uakron.edu. We are happy to assist you and/or your professional adviser.

If you have already included The University of Akron Foundation in your estate plans, please contact us! We would like the opportunity to thank you and to ensure your philanthropic wishes will be realized.

We highly recommend that you consult with your legal and tax advisors due to the complexity of estate planning and techniques that offer charitable tax benefits. Members of The University of Akron Foundation Center for Gift and Estate Planning are happy to assist you and your advisors.

A charitable bequest is one or two sentences in your will or living trust that leave to The University of Akron Foundation 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 The University of Akron Foundation, a nonprofit corporation currently located at 302 Buchtel Common, Akron, OH 44325-2603, 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 the UA Foundation 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 the UA Foundation 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 the UA Foundation 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 the UA Foundation where you agree to make a gift to the UA Foundation 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.

eBrochure Request Form

Please provide the following information to view the brochure.