Endowed Scholarship to Help Students Achieve Their Dreams

Shirley Self smilingMeet the newest member of the University of North Alabama Courtview Society, Shirley Self. After a lifetime of helping students as an educator, she has chosen to give back to UNA through a charitable gift annuity, which will provide her with fixed payments for life and fund an endowed scholarship for graduate students after her lifetime.

Born in Decatur, Ala., Shirley graduated from Riverside High School in 1945 and from Gulf Park Junior College for Women in 1947. In the summer of 1948, Shirley and her good friend Bert were driving up 2nd Avenue in Decatur when fate stepped in. Hal Self and his friend Clyde were standing on the corner of 2nd and Moulton Street when Hal saw Shirley drive by. He told Clyde, "I am going to marry that girl." That day he called her and made a date. They dated the rest of the summer.

The following Christmas, when Shirley returned home from her senior year at Ole Miss, Hal asked her to marry him. He loved to tell friends that she said, "Will tomorrow be too soon?" They married Dec. 22 and were married almost 60 years before Hal passed away on June 6, 2008. During those 60 years, the couple had a range of vocations and experiences.

In the spring of 1949, Dr. E.B. Norton, president of Florence State Teachers College (now UNA), decided to re-establish the football program. He offered Hal the head coaching job and Hal eagerly accepted the challenge. He hired George Weeks to be his assistant and for the next 17 years he and George were the coaching staff.

In 1959, while raising two young children, Shirley decided to complete her teaching certification. She enrolled at Florence State Teachers College and changed her major from physical education to elementary education. She also received a scholarship and, because of her grades in the field of education, was invited to join the Alpha Delta Pi sorority. She graduated in 1960.

After seven years in the classroom and the birth of her second son, she enrolled at Florence State University and received her master's degree in special reading. In 1967, she assumed responsibility for the Title I reading program at Weeden Elementary School. She retired in 1989, after almost 30 years in the classroom.

Shirley has fond memories of her years at what is now the University of North Alabama—the thrilling football games, the wonderful atmosphere of campus life, and her close friendships with Eddie and Minnie Flowers, Homer and Mary Floyd, George and Annie Ruth Weeks, and many others.

Since her arrival in Florence in 1949, she has been very involved in her church and in the community. She was a member of Highland Baptist Church for 57 years and taught Sunday school for 45 of those years and sang in the choir for 30. She also took a mission trip to Europe in 1990. She is presently a member of Trinity Episcopal Church where she is active in the choir, Cursillo and the EWC. She is a sustaining member of the Muscle Shoals District Service League, now known as the Junior League of the Shoals. She was a charter member of the Philanthropic Education Organization, which maintains four educational scholarships for local, national and international women, and has served as chaplain, guard and president. She is now serving as vice regent of the Alamance Chapter of the National Society of the Daughters of the American Revolution, and is a member of Alpha Delta Kappa, an international honorary organization for women educators.

Since surviving polio as a child and making a full recovery, Shirley has been involved in many physical activities, such as swimming, dancing, horseback riding and tennis. She has won many local and state tennis tournaments and continues to play weekly. Shirley also enjoys playing bridge, traveling, and spending time with her children and grandchildren.

Shirley speakingShirley says she was thrilled when board of trustees president Dr. William Cale called to tell her that the board had unanimously voted to rename the Flowers Annex the Henry Harold (Hal) Self Field House. The dedication took place April 4, 2009, and she says it was one of the most memorable moments of her life. Part of the ceremonies planned for that day was the Spring Game under new head coach Terry Bowden, and Shirley was invited to perform the opening coin toss. She claims she had never flipped a coin to start a game so she spent time that morning practicing for the event, even losing a quarter under the stove in the process.

Shirley knew she wanted to give back to UNA, but the way she decided to give back was sort of a fluke. She says she was sitting at the Sportsman's Club talking with Dr. Luckey Crocker about how the interest rate on CDs were at an alltime low when Dr. Alan Medders, vice president for advancement, happened to stop by their table. Luckey said, "Here's the man to talk to."

Shirley and Alan met that afternoon and he told her about charitable gift annuities (CGAs). He explained how a CGA could provide her with a generous rate of return for the rest of her life, as well as a substantial tax deduction. Furthermore, she could designate how she wanted the remainder of the CGA to be spent (e.g., to fund scholarships or a program of special interest to her). She thought about the annuity over the weekend and called Alan to tell him she thought that it was a very good idea.

The proceeds of Shirley's CGA will ultimately fund the Hal and Shirley Self Endowed Scholarship, which will provide financial assistance to graduate students. She hopes many students will benefit from her gift. She and Hal always stressed the importance of a good education to their children. She is proud that her daughter, Sue Raines, a retired teacher from Lauderdale County, taught for 30 years; that her eldest son, Hank, also retired, was a successful lawyer; and that her youngest son, Gil, also a lawyer, was recently appointed judge of the Lauderdale County Circuit Court.

A charitable bequest is one or two sentences in your will or living trust that leave to the University of North Alabama 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

Bequest Language

"I, [name], of [city, state, ZIP], give, devise and bequeath to University of North Alabama Foundation [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 the UNA Foundation 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 UNA Foundation 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 UNA Foundation 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 UNA Foundation where you agree to make a gift to the UNA Foundation 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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