How It Works:
A contract between you and the Texas A&M Foundation, a charitable gift annuity can be created with a $10,000 minimum gift of cash or securities. In return, the Foundation provides fixed payments to one or two individuals for life.
After this time, the remainder of the annuity will benefit whatever area of Texas A&M you wish. Individuals receiving payments must be at least 50, while the fixed payments will depend on the age of the recipient.
You can also choose to start receiving payments at a later date by creating a deferred gift annuity.
- Your payments are fixed on the date of your gift, so they will never change even if interest rates or the stock market fluctuates.
- You can reduce capital gains taxes on appreciated assets used to fund the gift.
- You will receive an immediate charitable income tax deduction, and a portion of each payment may be tax-free for a period of time.
- You support Texas A&M!