Future Looks Brighter, Thanks to Charitable Trust
HONOLULU—The University of Hawai‘i at Mānoa Athletics Department has received a gift of $1.2 million from an anonymous donor. Twenty-two UH Mānoa sports programs will benefit from the donor’s foresight and generosity, including Cheerleading and the Band.
This gift follows an $875,000 gift made to UH Athletics by the same donor in 2011, bringing her total gift to the school to more than $2 million. Thomas Mui, a local estate planning attorney, counseled his client on both of these significant philanthropic decisions. Specifically, his client wanted to make a big impact for our island community, and she wanted to express her strong belief in the importance of UH Athletics and its student-athletes. Mr. Mui believes this was achieved through thoughtful and innovative legal planning, which included the use of a well-designed charitable remainder trust (CRT).
“While my client was never an athlete herself, she appreciates the role that UH Athletics plays in our local community both in terms of serving as a healthy outlet for our young people and as a way for them to further their education. It is her hope and mine that this gift will serve as an incentive for others to contribute to and support UH Athletics at a time when the money is sorely needed,” Mr. Mui said.
“We are very grateful to Mr. Mui, and to his client for her extraordinary generosity,” said UH Mānoa Chancellor Robert Bley-Vroman. “Personal gifts such as this one will help student-athletes for years to come fulfill their academic and athletic potential. By investing in our athletics program, donors are also enriching our community by keeping top-notch athletic events accessible to all, and stimulating a range of economic benefits.”
Donna Vuchinich, president and CEO of the University of Hawai‘i Foundation added, “Charitable Remainder Trusts create a win-win situation for both UH and the donor. Donors receive tax benefits, a lifetime income stream, and the immense satisfaction of knowing that their gifts will make a lasting impact in the areas that they a passionate about. Our professional team in the Office of Estate and Gift Planning are happy to talk to prospective donors, in confidence, about tax-advantaged strategies that will also support their favorite program at UH.”
To learn more about how you can support the University of Hawai‘i through estate planning and charitable trusts, please contact:
Office of Estate and Gift Planning
808-956-8034
[email protected]
# # #
The University of Hawaiʻi Foundation, a nonprofit organization, raises private funds to support the University of Hawaiʻi System. The mission of the University of Hawaiʻi Foundation is to unite donors' passions with the University of Hawaiʻi’s aspirations by raising philanthropic support and managing private investments to benefit UH, the people of Hawaiʻi and our future generations www.uhfoundation.org.
