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The B.M. & Frances Britain Society

The B.M. & Frances Britain Society logo

Through membership in the B.M. & Frances Britain Society, TCU recognizes individuals who have made a gift to TCU in their wills. The society is named for B.M. Britain, a member of the class of 1924, and his wife, Frances. The couple supported the University throughout their lifetimes and their combined estate gifts represent the largest planned gift in TCU’s history. In addition, the Britains benefited the University by establishing seven charitable trusts.

We appreciate the opportunity to thank individuals for their future gifts, and membership in the Britain Society is one way we do that. By letting TCU know of your gift intention during your lifetime, you ensure that the gift will be used as you intend. In addition, your generosity can inspire others to make a similar type of gift.

The Office of Gift Planning is available to discuss any type of gift with you and your advisor. TCU’s Gift Planning team can be reached at 817.257.7299 or 877.TCU.FROG (toll free) and giftplanning@tcu.edu.

Gifts That Pay

Your payments depend on your age at the time of the gift. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.

An Example of How It Works

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A charitable bequest is one or two sentences in your will or living trust that leave to Texas Christian 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 Texas Christian University, a nonprofit corporation currently located at Box 297044, Fort Worth, TX 76129, 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 TCU 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 TCU 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 TCU 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 TCU where you agree to make a gift to TCU 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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