Without scholarships or a flush trust fund, Jackie Cavnar (UT Knoxville '94) had to work three jobs to pay her tuition at the University of Tennessee.
This worthwhile sacrifice helped her discover her voice and leadership skills, both of which she uses to spearhead physician recruitment at 54 LifePoint hospitals in 18 states.
"I attribute a large part of who I am to the University of Tennessee," says Jackie, who lives in the Nashville area.
Grateful for the education she received as a public relations major, Jackie and her husband, Steve, continually support the UT Knoxville College of Communication and Information, and recently established a planned gift to create the Cavnar Visiting Faculty Endowment in the college.
"Their decision to invest in the future of the college and its students is incredibly important," says Dean Mike Wirth. "As state funding for public universities declines, gifts from our alumni and friends ensure that we will be able to continue to provide students with the highest quality education possible."
"This gift reflects my desire to continue the tradition of giving back," Jackie says, "so that students from ordinary means will have the same, if not better, education experiences than I did."
"We are committed to helping meet the needs of students," Jackie says. "Future generations of public relations, journalism and advertising students will receive cutting-edge training and knowledge from visiting professionals and scholars with this endowment."
Jackie knows that a great education transforms lives. "The most influential people and the ones I most admired were all tied to my experiences at UT," she says. "The excellent background I received while doing my undergraduate work at UT continues to help me on a daily basis."
Her passion for UT, communications and medicine began while she was growing up in Greeneville, Tenn. Instead of participating in sports, Jackie volunteered at a local hospital. By middle school, she had started a school newspaper. After attending a weeklong summer journalism camp at UT, she knew she wanted to attend UT. Her first job was at BOHAN, an advertising and marketing agency in Nashville led by David Bohan (UT Knoxville '70). She went on to freelance in public relations before starting at LifePoint Hospitals.
She hopes her hard work, determination and giving spirit set an example for others, especially her 14-year-old daughter, Stephanie, who has expressed interest in attending UT.
"Giving to UT helps me make a difference while sharing my gratitude for the world-class education I received."
If you're interested in making a long-term commitment to supporting UT students, please contact the Office of Planned Giving at (865) 974-4826 or firstname.lastname@example.org.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
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.