The Williams’ Legacy Gift Provides a Strong Foundation

Pamela and Dr. David Williams smiling

Pamela and Dr. David Williams ’64 created a lasting gift in their wills to benefit future UMass Amherst students.

Approximately two years ago, cardiologist David B. Williams, M.D., retired after a rewarding and productive 37-year career. David graduated from the UMass Amherst pre-med program in the College of Natural Sciences in 1964 and went on to George Washington University Medical School.

After a three-year residency at the Kaiser Hospital in San Francisco, he served two years in the United States Air Force.

David then began his long run working at Kaiser Permanente Hospital in Vallejo, Calif., beginning as a primary care physician and then transitioning into cardiology. For 25 years, he served as chief of the Department of Medicine.

His contributions to medicine, however, have continued even after his retirement. David currently volunteers his services as a cardiology consultant at La Clinica in Vallejo and he spends one night each week working with students at Touro College of Osteopathic Medicine.

He resides in Napa with his wife, Pamela, also retired from a career in medicine as a nurse. The couple recently shared that they have made a planned gift to the UMass Amherst Chancellor's Fund for Excellence, which provides unrestricted support to meet the University's most compelling needs.

"UMass Amherst was a great foundation for going to medical school," David says. "My experience there prepared me well for the future."

The Williams' generosity will make a significant difference in the lives of students and their experiences at UMass for several generations to come.

To learn how you can create your own UMass Amherst legacy, please contact Office of Planned Giving at 413-545-4200 or jkjayne@umass.edu.

A charitable bequest is one or two sentences in your will or living trust that leave to The University of Massachusetts Amherst 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 designate _________________ to the University of Massachusetts Amherst at Memorial Hall, 134 Hicks Way, Amherst, MA 01003-9270. I request this gift be used for __________________ (for instance, a specific department, college, school or program, a scholarship, or for general purposes of the campus)."

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 UMass Amherst 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 UMass Amherst 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 UMass Amherst 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 UMass Amherst where you agree to make a gift to UMass Amherst 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.

eBrochure Request Form

Please provide the following information to view the brochure.