Ways to Give
We can help you tailor a gift that fulfills your long-term charitable and financial goals. To discuss your options, call (979) 862-3615 or contact one of our development directors. Following are 10 ways donors can make a gift to Mays Business School through the Texas A&M Foundation.
1. Outright gift of cash or securities
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 had they sold the securities.
2. A five-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 in support of Mays Business School.
3. A gift in trust
Mays Business School is committed to working with donors and their financial advisors to create income arrangements that suit their unique circumstances. For example, donors may choose a fixed or fluctuating payment, the rate of such payment, as well as many other features to meet their needs. Donors may incur no capital gains tax on the transfer of appreciated, long-term securities or real estate to the trust, and they will receive an income tax deduction for part of the gift. Upon the death of the beneficiary (the donor or another person), the Foundation is able to use the trust funds for the purpose designated by the donor.
4. An outright gift of real estate
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.
5. Gift of a personal residence or farm with a retained life estate
Donors can transfer ownership of their personal residences or farms for the benefit of Mays Business School 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.
6. A 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 support of Mays Business School. 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.
7. A gift of a new life insurance policy
Donors may also choose to purchase new life insurance policies benefitting Mays Business School. Through relatively modest annual gifts, donors can create major gifts. In addition, donors’ annual premiums are deductible for income tax purposes.
8. A gift of an income stream
Donors can provide annual payments to the Foundation from a pool of assets, which later will be distributed to their heirs. This plan allows donors to transfer assets to family members at a reduced transfer tax while providing meaningful support to Mays Business School for a period of years.
9. A bequest
Donors can designate the Texas A&M Foundation as a beneficiary in their wills and specify which Mays programs the funds will support.
10. A customized gift through combination of options
Donors can support Mays by making a major commitment to the Texas A&M Foundation through any one of the above gift arrangements, or they can combine these gift options in creative ways to suit their unique needs and circumstances.