Our donors have helped thousands of students and faculty throughout the College’s history. With their contributions, we are able to continue our mission of making the College of Agriculture and Life Sciences at Texas A&M University the best in the nation. Here are ten ways you can make a gift to the College through the Texas A&M Foundation.
- 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. With this option, 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 welcome installment gifts of up to five years for pledges to the Texas A&M University Foundation.
3. Gift in trust
- We are happy to work with you and your financial advisor to create an income arrangement that suits your circumstances.
- For example, you may choose a fixed or fluctuating payment, the rate of such a payment, or other features that 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 University, 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 University Foundation
- You can make a significant commitment to the Foundation through a life insurance gift. Relatively modest annual gift can accumulate into a major gift. 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.
9. Bequest
- You can designate the Foundation as a beneficiary in your will and specify what programs that 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 circumstances.
About the college:
With an enrollment of almost 6,500 students in 14 academic departments, the College of Agriculture and Life Sciences at Texas A&M University offers more than 80 undergraduate and graduate degrees and has a faculty of over 400 members, including a Nobel laureate and a Pulitzer Prize winner. Research programs include food sustainability and safety, human and animal health, genetics, renewable natural resources and bioenergy. Mark Hussey is Vice Chancellor and Dean.
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