Greater Impact Through Bequests

Bill Wade playing basketball in 1971

Bill Wade in reverse layup, UMBC vs. Towson // 2-16-71

“We are so grateful for the Wades’ legacy gift through their estate. Knowing about it while they are living, we can celebrate them, the gift, and its impact now.”
—Dr. Kimberly Moffitt, Dean

“Living on a fixed income while enjoying retirement means we’re careful with our money,” says Bill Wade ’72, economics. “Making a bequest intention to the UMBC Foundation allows me to give more than just writing a check. I met Bridget, my wife of 47 years, lifelong friends, and have incredible memories from UMBC. Hopefully my gifts will open the door for future students to have opportunities to do the same.”

It has been more than 50 years since Bill transferred to UMBC his sophomore year and made the cut for the 1969 men’s basketball team, an accomplishment that would go on to define his collegiate experience. While they didn’t win many games during his three years on the team, Bill graduated as the leader in points and rebounds, and still holds the record for most rebounds in a single game.

Since retiring and moving back to the East Coast, Bill stays connected to UMBC through activities like the annual Retrievers Golf Tournament, basketball games, alumni events, and communications from the Founding Four, an alumni group composed of graduates of the university’s first four classes.

Bill’s planned gift supports the men’s basketball program and two endowed funds established by Jack Mullen ’72, economics, and Carol Mullen ’70, American studies—the Charles F. Peake Endowment for Economics and the Gary G. Rupert Endowment. Bill and Jack have been friends since their time together on the court and in the classroom.

Bill utilizes the required minimum distribution from his IRA to make annual contributions to these funds. Donations like these are a flexible, tax-smart way to make a gift.

“Bequest intentions from donors over the age of 60 are able to be counted in our Grit and Greatness Campaign,” says Greg Simmons, Vice President for Institutional Advancement. “We are grateful for the Wades’ current generosity through their IRA contributions as well as their future bequest commitment.”