UNT announces it will receive largest bequest in school history from Voertman estate

Tue, Oct 17, 2017 - 2:25pm

The University of North Texas announced Tuesday that it will receive the largest bequest in its history from the estate of Paul R. Voertman, the former owner of Denton's iconic Voertman's Bookstore and a local patron of art and music.

Voertman died June 21 at the age of 88.

A celebration of his life and a concert to honor both him and his longtime partner, the late Richard Ardoin, will begin at 4 p.m. Thursday at UNT's Murchison Performing Arts Center. The public is invited to attend.

Voertman's gift to UNT, projected to be at least $10 million, is designated to the colleges of Liberal Arts and Social...

UNT raised more than $30 million in the past year

For fiscal year 2017, UNT received $19.6 million in cash donations and an additional $10.5 million in pledges and estate gift commitments, according to a news release.

Major gifts, which are classified as cash donations of more than $25,000, grew by almost 50 percent over last year, and contributions under $25,000 grew by almost 18 percent.

Planned gifts increased by 33 percent to $7.5 million, and 39 new endowments were created with the UNT Foundation.

"There is no better time than now to invest in our university," said David Wolf, vice president for advancement, in the release. "With more than 10,000 donors...