Types of Giving
Texas A&M Foundation, in support of Mays Business School, raises funds primarily in three ways: endowments, planned gifts and one-time gifts.
Endowments (One-Year to Five-Year Pledges)
Endowments usually start at $25,000 and are placed in a permanent fund at the Texas A&M Foundation. Endowments can be established to support specific programs at Mays, such as scholarships for students or fellowships for graduate students or faculty. Once a donor makes a gift, the Foundation invests the money and periodically disburses funds from the endowment according to the donor’s stated preferences.
- Multiple-Year Pledge – We want to accommodate each donor’s unique circumstances and provide giving options that meet each donor’s needs. Donors can make installment gifts for pledges of up to five years to the Texas A&M Foundation.
- Cash – Payment made via check or wiring of funds.
- Securities – Payment made by transferring securities to the Foundation, thus allowing the donor to bypass capital gains taxes.
- Real Estate Gift – Real estate often appreciates faster than the rate of inflation and offers great potential in charitable gift planning. We are happy to talk to donors about the gift of a home, vacation property, condominium, undeveloped land or other real estate through the Texas A&M Foundation in support of Mays Business School.
It’s never too early to think about creating a future gift for Texas A&M. Planned gifts allow donors to provide for loved ones, receive tax benefits, generate potential income and support Texas A&M at the same time.
- Bequest – Donors can designate the Foundation as a beneficiary in their wills and specify which programs the funds will support.
- Charitable Trust – Donors may choose a fixed or fluctuating payment, the rate of such payment as well as many other features to suit their needs. Donors may incur no capital gains taxes on the transfer of appreciated, long-term securities or real estate to the trust, and they receive an income tax deduction for part of the gift. Upon the death of the beneficiary (donor or another person), the Foundation is able to use the trust funds for the purpose designated by the donor.
- 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, donors making this kind of gift are entitled to an income tax deduction for the cash surrender value, and they can deduct any future premiums paid. Donors may also choose to purchase new life insurance policies benefitting the Texas A&M Foundation. Through relatively modest annual gifts, donors can create major gifts. In addition, donors’ annual premiums are deductible for income tax purposes.
- Retirement Account Beneficiary Gift – Gifts of retirement assets can be costly to inherit. Designating the Texas A&M Foundation as the beneficiary of retirement accounts can provide benefits to donors.
- Residential Gift – Donors can transfer ownership of their personal residences or farms for the benefit of the Foundation while continuing to enjoy the property during their lifetime. A residential gift is an excellent way for donors to support Texas A&M and Mays Business School while receiving a current income tax deduction for the property’s discounted value and continuing to use the property for as long as they live.
One-time donations to Mays are now accepted online via credit card (Visa, MasterCard, Discover, American Express) or an electronic check (ACH). For gifts of cash, donors are entitled to an income tax deduction of up to 50 percent of their adjusted gross income with a five-year carry-over period for the excess. For gifts of long-term appreciated securities, the income tax deduction limit is 30 percent of adjusted gross income, and donors may be able to avoid the capital gain that would have applied if they had sold the securities.
To discuss these options further, please contact Brian Bishop ’91, Senior Director of Development, at at 979-862-3615 or email@example.com.