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Supporting UNLV...One Generation to the Next

When Norman Marsh started in the real estate business in the early 1950s, Las Vegas was just a barren desert oasis with a lot of potential. But now, for those new to the real estate arena like Jim Zeiter, Las Vegas has surpassed its potential. The desert land has been filled with neon lights and master planned communities.

These two real estate entrepreneurs may come from different generations, but they have a few things in common. They understand that the value of Las Vegas real estate is unmatched, they both realize that planning for the future is just good business sense and they both have a passion for advancing education by supporting UNLV.

Norman and his wife, Blanka, agreed that they would share their success by helping others whose vision would lead them into the real estate industry. So they vowed to contribute $100,000 for scholarships to real estate students as part of their estate plan. Hence, the beginning of their relationship with the University of Nevada, Las Vegas in 1991.

Jim Zeiter, owner of Insight Holdings, shares the same passion for helping UNLV students. He donated a prime piece of property near Sam Boyd Stadium in Henderson to the University. The proceeds from his gift of real estate will create three different endowments benefiting the College of Business, the UNLV Foundation and Intercollegiate Athletics.

"I think the University is central to a lot of what this community needs, and it's a part of the quality of life," said Zeiter, a 1987 UNLV graduate. "It's been great for me, because I have eight UNLV grads who work for me...If you are not a part of the University or a part of the Foundation, it makes business a lot more difficult without those relationships. The University has done an excellent job of cultivating the community."

Jim spends a great deal of time promoting the University and assisting in fund-raising efforts. He is a member of the Annual Giving Council and is also a member of the President's Inner Circle, a gift club for those who contribute more than $5,000 in unrestricted gifts annually.

Norman also supports UNLV in many other ways. He has created the Blanka and Norman Marsh Scholarship endowment within the College of Business, established a charitable gift annuity with the UNLV Foundation and has included a gift to UNLV as part of his estate plan. Norman is also a member of the President's Inner Circle.

In addition to his own dedication to UNLV, Norman is carrying on the commitment for his wife.

"I've always loved being involved with the University, but I'm more involved now in honor of her memory," he said. "My No. 1 cause is UNLV."

Avid supporters of UNLV activities and programs, you will often find Norman and Jim attending campus events—that is, if and when they are not wheeling and dealing in real estate.

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A charitable bequest is one or two sentences in your will or living trust that leave to the UNLV Foundation 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 to the UNLV Foundation, a nonprofit corporation currently located at 4505 S. Maryland Parkway/Box 451006, Las Vegas, NV 89154-1006 , or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

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 UNLV 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 UNLV 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 UNLV 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 UNLV where you agree to make a gift to UNLV 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.

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