Skip to Content

A Gift of Beauty: Tate Endowment Benefits the Frank H. McClung Museum

Peggy Huesman Tate

By Chandra Harris-McCray

Lush trees, vibrant hummingbirds and fragrant flowers are elements of nature that most people overlook in their daily routines, but in the eyes of Peggy Huesman Tate, they captured the true essence of life.

Even while battling a lengthy illness that claimed her life in 2008, she continued to find beauty in the simplest of things—feeling the cool breeze brush against her face as she sipped tea and rocked back and forth on her porch swing; colorful roses; the crisp pages of a good novel.

Peggy planted and cultivated seeds of artistry in her garden, museums, grandchildren and great-grandchildren. Her love for beautiful things lives on in an endowment at the UT Frank H. McClung Museum, where she often came to get a glimpse of "art, culture and the world of beauty showcased through exhibits," says her granddaughter Patti Tyrrell. "I remember coming with her once to the museum to view a bird exhibit and she was simply fascinated by the collection and its beauty."

"At the museum we share in Tate's love of beautiful things," says Jeff Chapman, director of the McClung Museum. "Her gift is a really special one that will be used to further cultivate the human mind and spirit through exhibits and collections she would have loved and appreciated."

"Within her home she created an environment that I loved visiting," explains her granddaughter Shirley Setzer. "It was a place one could find peace, no matter what was going on in life. She faced many trials and losses in her life, but she never once said, 'Why me?'"

Peggy became a widow after just two years of marriage to Henley W. Tate. Born in Middle Tennessee, Peggy graduated from Maryville High School and later worked her way through Knoxville Business College. For 30 years she wore the navy-and-white uniform of a ticket agent for Delta Airlines. Her grandson Tom Tate says, "She was a self-made woman who exuded so much confidence and poise."

The confident demeanor of Peggy is what her great-grandchildren Tori Tate and Lauren Tyrrell, both UT students, remember the most. Tori says, "I learned from her to really enjoy and appreciate art and history. At Christmas she would often give me a beautiful piece of jewelry from a museum." Lauren adds, "She was such a positive influence on our lives."

"She always found solace in the simple things," Shirley says. "She was a great inspiration, and I know her gift to the museum will be used to create inspirational exhibits for others to see and enjoy."

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to The University Of Tennessee 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, [name], of [city, state, ZIP], give, devise and bequeath to The University Of Tennessee [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 UT 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 gift 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 receive an immediate federal income tax charitable deduction. 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 UT as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. 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 UT 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 UT where you agree to make a gift to UT 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.