The 1847 Society: Recognizing Deferred Giving

On February 25, 1847, only two months after Iowa was admitted to the Union, the First General Assembly established a public university in Iowa City. This commitment to higher education, like Iowa’s limestone bedrock, provides a foundation for our state’s quality of life and serves as a national symbol of excellence.

On the sesquicentennial of the founding of the University of Iowa, the UI Foundation established the 1847 Society to recognize alumni and friends who have made a deferred gift to benefit the university through the UI Foundation.

The foresight and planning of those who arrange a deferred gift today is just as important to the future of the institution as the vision of those leaders who gathered in the state capitol building on the banks of the Iowa River, late in the winter of 1847.

Just as the University of Iowa founders could not have imagined the international prominence of the UI today, so today’s students and faculty can only imagine what challenges they will face tomorrow. We do know that higher education will always be crucial to the future of our community, state, and nation.

More questions? Visit our frequently asked questions.

Membership

Membership in the 1847 Society is extended to individuals who have arranged a deferred gift to the UI Foundation in any of the following ways:

  • Bequest in a will or revocable trust
    Leave a legacy for your favorite UI program, department, or college without affecting your current assets
  • Beneficiary of an IRA or other qualified retirement plan
    Provide a future gift to the UI at a minimal cost to your heirs
  • Charitable remainder trust or gift annuity
    Receive current tax benefits while retaining an income stream for yourself or other beneficiaries
  • Life insurance policy
    Make a significant gift with a modest investment
  • Remainder interest in personal residence or farm
    Receive a tax deduction now and continue to live in your home or manage your farm
  • Charitable lead trust
    Provide income to the UI Foundation now and pass the principal of the asset back to your heirs later at reduced tax cost

How deferred gifts are used

The purposes of deferred gifts vary widely. Gifts may support:

  • Student scholarships and awards
  • Professorships
  • Visiting lectureships
  • Research and equipment funds
  • Faculty development funds
  • Other uses vital to the university’s continued exellence

Undesignated gifts are especially valuable, and can be directed to an area of greatest need, providing an important source of future strength. Many contributors with a vision of the future have created unrestricted endowment funds through a deferred gift to benefit their favorite UI college, department, or program.

For more information about these unrestricted gifts, see the Iowa Impact Fund section of this website.

Is the foundation in your estate plans?

Have you included the UI Foundation in your estate plans to support a UI college, department, or program that is especially meaningful to you?

Please tell us about it so we can make sure your gift will be used as you intend.