San Francisco University’s School Of Nursing Receives $296,000 From Couple’s Estate
In California, San Francisco University’s School of Nursing was gifted $296,000 from the estate of William Tobias Jr. and his wife Jacquelyn Hawkins Tobias. This is the largest individual gift in the school’s history and the money will be used to create an endowed scholarship fund for graduate and undergraduate nursing students with an interest in cardiovascular nursing or oncology.
While William and Jacquelyn did not have a previous relationship with the University, both were aware of the shortage of nurses. Jacquelyn had died from cancer complications in 2003, and William experienced cardiovascular problems before also dying from cancer in 2005. He was treated by many nurses in the months before he passed away, and he heard of how some of them would like to earn an advanced degree but couldn’t afford the tuition. The bulk of the gift was therefore given to the hospitals where the couple were treated—San Francisco University and UC-San Francisco.
The late Mr. And Mrs. Tobias lived in San Bruno.
Planned Giving
Planned giving is an estate planning tool, and an estate planning attorney can help you draw up the necessary paperwork.
Planned giving, also called charitable gift planning, is the giving of a charitable gift to a nonprofit organization from one’s estate. Planned gifts are usually arranged while a person is alive and then given later after his or her death.
A person may also want to create a charitable remainder trust where income is provided to the donor and/or another person and the remainder is given to a charity after the donor and/or the individual recipient dies.
Other types of planned giving:
1) Charitable gift annuity: A lifetime contract between the donor and a charity where, in return for giving a charity a set amount of money, the donor (or someone else) receives payments each year.
2) Charitable lead trust: Lets a donor put assets in a trust that pays a charity money for a set amount of years. When the trust matures, whatever is left goes back to the donor or a named individual.
Planned gifts can be revocable or irrevocable.
If you would like to make a gift to a charity from your estate, Sagaria Law, P.C. can help you. We have offices conveniently located in Fremont, San Jose, and Monterey. Contact Sagaria Law, P.C. today.
Nursing school gets large gift for scholarships, SFSU.edu, December 15, 2006
What is Planned Giving?,, PGtoday.com
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