Donating property to the Texas A&M Foundation provides tax advantages while relieving you of the day-to-day responsibilities of property ownership. It also will establish your legacy at Texas A&M to fuel the Spirit and Mind of current and future Aggies.
The Texas A&M Foundation accepts multiple types of property for the benefit of Texas A&M, including residential, commercial, farm and ranch land, forest land, and oil and gas interests.
You can give property to the Foundation in four ways: Outright Gift You may own a property that you do not use, such as a vacation home, an investment property that has become a hassle or a highly appreciated property you are hesitant to sell in light of substantial capital-gains taxes. Learn more. Bequest You might consider a gift of real estate through your will if you would like to continue to enjoy ownership of your property during your lifetime and reduce your estate-tax liability. Learn more. Charitable Remainder Unitrust If receiving an immediate charitable income-tax deduction and payments for life would benefit your financial situation, you could consider supporting Texas A&M with a charitable remainder unitrust. Learn more. Retained Life Estate To support Texas A&M and receive an immediate charitable income-tax deduction while retaining the right to use your property for your lifetime, you could choose a retained life estate for your gift to the Foundation. Learn more.
By donating property to the Foundation, you avoid marketing the property and the capital-gains taxes triggered by its sale. Leaving property to heirs can create an estate-tax liability and could force the sale of other assets that might otherwise appreciate. Depending on the gift method you choose, you could also receive a significant charitable income-tax deduction and/or an increase in income. The Texas A&M Foundation evaluates all potential gifts of real estate for marketability and potential environmental concerns. We ask donors to supply detailed information on the property before accepting the gift. Read more about gifts of real estate to the Foundation in our brochure.