Wills, Trusts, and Estates

Daughter’s Success Powered by Mother’s Dreams

“My sister and I were the embodiment of my mother’s feminist dreams,” said Jill Stein Tietjen (Engineering ’76). “We did what she couldn’t do.”

Bernice “Bee” Stein was college educated, but in the 1950s, her career options were limited. She wanted more for her two daughters. She wanted her daughters as well as her sons to be free to choose any career.

Tietjen was inspired to study engineering by her late father, Manuel Stein, an aeronautical engineer (Engineering ’51) at the NASA Langley Research Center in Hampton, Virginia. Tietjen graduated from U.Va.’s School of Engineering and Applied Science with a major in applied math and a minor in electrical engineering. Her sister, Laura Stein Privalle, studied biochemistry and her two brothers, including Jeff Stein (Engineering ’80), both became engineers.

Jill Tietjen helped develop the solar energy facility run by the Sisters of Loretto at the Loretto Center in Littleton, Colorado. Photo by Shannon PiserchioJill Tietjen at the solar panel array at Loretto Center, Littleton, Colorado
Photo by Shannon Piserchio

She has been a registered professional engineer in the electric utility industry for more than 30 years. Tietjen served as national president of the Society of Women Engineers, co-authored an award-winning book, Her Story: A Timeline of the Women Who Changed America, and is a motivational speaker. “I’ve made it my life’s work to encourage women to pursue STEM (Science, Technology, Engineering and Mathematics) careers,” she said.

Tietjen has given back to the University in significant ways, including gifts to the Women’s Center, the Raven Society and, as a former Lawn resident (50 East Lawn), historic preservation. She is a trustee for the University’s Engineering School and received the 2007 Distinguished Alumna Award from U.Va.’s Women’s Center.

In November 2000, Tietjen arranged to fund a scholarship at the Engineering School. With gains in her financial portfolio the time was right for her to make a major gift, but at the relatively young age of 45, she was not ready to give up the income from her investments. So, she transferred assets to the University through a charitable trust that will provide her with income for the rest of her life.

Ultimately, the Jill Stein Tietjen Charitable Remainder Trust will be dissolved to fund the Jill Stein Tietjen Scholarship. The scholarship will cover tuition and other educational expenses for an undergraduate student at U.Va.’s Engineering School, with preference given to women.

Though Tietjen’s mother passed away in 2004, she lived long enough to see her daughters succeed in their careers and Tietjen go on to help a new generation of women make their own dreams come true.

How a Charitable Remainder Trust Can Work for You

Whether you establish a charitable remainder trust during your lifetime or through your estate, you can ensure that your specific philanthropic desires are realized.

A charitable remainder trust can be funded with a wide range of assets, including cash, appreciated securities and real estate. The trust provides regular income for the lifetime of each beneficiary or for a predetermined period of up to 20 years. When the trust terminates, the remainder is put to use by the University as the donor directs. For a gift of $50,000 or more, the University of Virginia may serve as trustee and may choose to invest the trust in the University of Virginia Investment Management Company’s Long Term Pool along with the University’s endowment assets. For more information about UVIMCO, please visit their website at www.uvimco.org.

Several tax benefits are associated with the establishment of a charitable remainder trust. For instance, you may be eligible for a charitable income tax deduction for a portion of the trust’s value. Donors also may reduce estate taxes and bypass taxes on capital gains upon the sale of appreciated assets.

Contact

Jason Chestnutt, CFP®, Office of Gift Planning
Telephone: 800-688-9882
Email: giftplanning@virginia.edu