The Texas A&M University School of Law Development team can help you tailor your gift to fulfill your long-term charitable and financial goals. To discuss your options, please call Myke Holt at 817-212-4061 or firstname.lastname@example.org.
1. Outright gift of cash or securities
For gifts of cash, you are entitled to an income tax deduction of up to 50 percent of your adjusted gross income with a five-year carry-over period for the excess. For gifts of long-term appreciated securities, the limit is 30 percent of adjusted gross income, and you may be able to avoid the capital gain that would have applied had you sold the securities.
2. A five-year pledge
We want to accommodate your unique circumstances and are happy to have installment gifts of up to five years for pledges to the Texas A&M Foundation.
3. Gift in trust
We are happy to work with you and your financial advisor to create an income arrangement that suits your unique circumstances. For example, you may choose a fixed or fluctuating payment, the rate of such payment, as well as many other features to suit your needs. You may incur no capital gain tax on the transfer of appreciated, long-term securities or real estate to the trust, and you will receive an income tax deduction for part of the gift. Upon the death of the beneficiary (you or another person) the Foundation will have the use of the trust funds for the purpose you designate.
4. Outright gift of real estate
Most real estate has appreciated faster than the rate of inflation and offers great potential in charitable gift planning. We would be happy to explore with you a gift of a home, vacation property, condominium, undeveloped land, or other real estate in support of the Foundation.
5. Gift of a personal residence or farm with a retained life estate
It is possible to transfer ownership of your personal residence or farm for the benefit of the Foundation while retaining the enjoyment of the property during your lifetime. This may be an excellent way to support Texas A&M, receive a current income tax deduction for the property’s discounted value, and continue to use the property for as long as you live.
6. Purchasing a new life insurance policy benefiting the Texas A&M Foundation
You can make a magnificent commitment to the Foundation through a life insurance gift. Through relatively modest annual gifts, you can create a major gift. Plus, your annual premiums will be deductible for income tax purposes.
7. Gift of an existing life insurance policy
Many people own insurance policies that no longer fulfill their original purposes. Such policies can be given to the Foundation. In general, you will be entitled to an income tax deduction for the cash surrender value, and can deduct any future premiums paid.
8. Gift of an income stream
You can provide annual payments to the Foundation from a pool of assets, which later will be distributed to your heirs. This plan allows you to transfer assets to family members at a reduced transfer tax while providing meaningful support to our program for a period of years.
You can designate the Foundation as a beneficiary in your will and specify what programs the funds will support.
10. Creative combinations
You can make a major commitment to the Foundation through any one of the above gift arrangements, or you can combine them in creative ways to suit your unique circumstances.