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UTRGV Athletics Secures First Million Dollar Gift in Program History
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CrimsonPhantom Offline
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UTRGV Athletics Secures First Million Dollar Gift in Program History
Quote:The estate gift will go to the university upon Dan Martinez's passing and the gift is unrestricted, meaning Athletics leadership will decide the best use for the funding. "If what you leave behind is helping other people, why not?" said Mrs. Martinez. "I want to encourage UTRGV student-athletes to shoot for the stars, dream big and just work hard to get there."

http://goutrgv.com/news/2017/6/6/v-club-...story.aspx

I have heard of these estate gifts. Sucks you have to wait for someone to drop dead to get them.
06-07-2017 02:17 PM
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edinburger Offline
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RE: UTRGV Athletics Secures First Million Dollar Gift in Program History
(06-07-2017 02:17 PM)CrimsonPhantom Wrote:  
Quote:The estate gift will go to the university upon Dan Martinez's passing and the gift is unrestricted, meaning Athletics leadership will decide the best use for the funding. "If what you leave behind is helping other people, why not?" said Mrs. Martinez. "I want to encourage UTRGV student-athletes to shoot for the stars, dream big and just work hard to get there."

http://goutrgv.com/news/2017/6/6/v-club-...story.aspx

I have heard of these estate gifts. Sucks you have to wait for someone to drop dead to get them.

I believe if the amount of the estate is fairly secure there are ways to partially monetize it ahead of time. What they called "borrowing against expectations" in the old Dickens novels.
06-09-2017 06:43 PM
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