Hockey was the newest name of the game at the University at Buffalo when Burt H. Rubin, BA '74, arrived as a student. UB had elevated hockey from a club to a varsity sport in 1969, and Rubin served the team as a manager, trainer and assistant coach under Edward Wright, the university's first fulltime professional hockey head coach.
The hockey team of that era was very competitive, Rubin says, and faced "a number of Division I programs that were, and still are, recognized as the elite of college hockey," including Ohio State, St. Lawrence, Clarkson and Vermont. As a member of the Mid-American conference, UB also played strong hockey schools: Bowling Green and Western Michigan.
Being a part of the UB hockey team made a huge difference in the life of the solitary student from Queens, New York.
"When I showed up (at UB) at 17, I didn't know anyone," Rubin recalls. "I got involved with the hockey team and became part of a family, which we still are today, 40 years later."
The experience inspired Rubin to pledge a $1.5 million gift in his will (known as a bequest) to UB Athletics—the largest planned gift in the program's history.
"Sports, no matter the level, teaches kids the larger lessons of life, lessons that will help them more than they know following their graduation," Rubin says. "The way the UB athletics program has turned around, the regional and national exposure it has garnered, that has given me immense pride. The thought of helping future generations of UB students share the opportunity I was given was something I really wanted to do."
Since graduation, Rubin has kept in touch with several UB hockey alumni, who reunite regularly to watch not hockey, but football.
"A number of UB hockey alums have made it a point to get together every year at Super Bowl time to visit and stay connected. We've done that for over 35 years," Rubin says. "It gives all of us an opportunity to visit with Coach Wright, who had a positive influence on us as students and athletes. This has transformed into a lifelong friendship with Ed for many of us."
They also get together to attend UB homecoming weekends.
"Coach Wright, me and a couple other local UB hockey alums started another annual ritual by having a hockey reunion every UB homecoming weekend," Rubin says. "It began four or five years ago with a handful of us, and has now grown to where we have 40-50 former hockey players and their families attend. It's a great weekend to return to campus, visit, and watch a UB football game."
These reunions also spurred Rubin's pledged gift.
"Our reconnecting as friends and teammates at the past few homecomings was a factor for sure, and made me realize how much I benefitted by coming to UB. It has afforded me some great friends, it prepared me for my professional life after college, and it was important to me to show my appreciation by giving back to this school," Rubin says.
Rubin earned his bachelor's degree in anthropology and went on to a successful career as a chiropractic orthopedist in Hampton, Virginia. While he wishes UB still had a hockey program, he's happy to have pledged a gift that will benefit all UB student athletes. He only hopes that others will give to UB as he has.
"Having talked with UB Athletic Director Allen Greene, I understand that there are priorities that need to be addressed for the overall program at this time, and I am very comfortable that Allen and the athletics program will make good decisions with my gift," Rubin says. "I also hope that it might motivate others to consider giving back."
There are many giving options from which you can choose to benefit yourself and the University at Buffalo. Simply contact Ms. Wendy M. Irving at (716) 881-7484 or email@example.com to learn more today.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to the University at Buffalo 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 give, devise, and bequeath to the University at Buffalo Foundation, Inc., a nonprofit education corporation, headquartered in Buffalo, New York, the (sum of $_____) or (_____% of my estate) or (the property described herein) or (the remainder of my estate) to benefit the University at Buffalo."
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 the University at Buffalo 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 the University at Buffalo as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 the University at Buffalo 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 the University at Buffalo where you agree to make a gift to the University at Buffalo 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.