Supporting the future of Texas A&M with a significant personal contribution is important to your philanthropic goals. Receiving an immediate charitable income-tax deduction would benefit your financial situation. You would like to relieve yourself of a property that you do not use, a highly appreciated property you are hesitant to sell in light of substantial capital-gains taxes, or an investment property that has become a hassle. You would like to increase your income.
Years ago, Sandy and Les Pittman ’74 acquired a 500 acre hill country ranch as a long-term investment that they used for family gatherings. Now that their children are grown and live out-of-state, the couple decided to downsize and simplify their lives. The Pittmans decided to use a portion of their ranch to fund a charitable remainder unitrust, which will provide them a stream of income and ultimately support Texas A&M.