13 Ways to Give
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Cash
Cash contributions from individuals qualify for charitable tax deduction, but are limited to 50 percent of the donor’s adjusted gross income in the year of the gift. Any excess amount over the 50 percent limitation can be carried forward for up to five consecutive years to use the full deduction.
Appreciated Securities
There are several distinct tax advantages in giving long-term securities that have increased in value. Donors receive a tax deduction for the current market value of their securities, generally with no capital gains tax on appreciation.
Real Estate
We will be happy to discuss the possible gift of land, house, or vacation home. The benefits to the donor could include a full fair market value income tax deduction that is up to 30 percent of adjusted gross income with a five-year, carry-over provision and generally no capital gains tax on the property’s appreciation.
Bonds and Mutual Funds
Bonds and mutual funds are similar to stocks in their tax treatment with a tax deduction for the full value of the gift if they have been held by you for more than one year. Corporate, state, municipal, and U.S. Government bonds are welcome.
Personal Property
We will be happy to discuss gifts of tangible personal property, and if they can be used by Texas A&M University–Kingsville for its tax-exempt purposes, can qualify for a tax deduction equal to their full fair market value. This may be significantly higher than the donor’s original cost.
Gift Annuity
In exchange for a gift of cash or securities, A&M-Kingsville will pay you and your survivor a guaranteed income for life. You receive a substantial income tax deduction in the year of the gift and part of the income may be tax-free. Upon your death, the gift remainder supports A&M- Kingsville. Your income and tax deduction are based on your age.
Deferred Gift Annuity
Similar to a gift annuity except that payments begin at a future date determined by you (such as retirement). Your tax deduction and annual rate of return increase the longer you wait to start payments. This is a good retirement planning vehicle especially for self-employed people.
Charitable Remainder Trusts
(Irrevocable Annuity and Unitrusts) Donors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Capital gains taxes are avoided and you will receive a tax deduction based on the age of the income recipient and rate of return.
Charitable Lead Trust
In a charitable lead trust, assets are transferred to a trust which pays income from the fund to Texas A&M University-Kingsville for an amount of years you determine. At the end of the time period, the trust terminates and the assets are given back to the person(s) you name including yourself, if that is your choice.
Bequest Through Will
Through this simple way to give of your estate, you can make a gift bequest to A&M-Kingsville of a dollar amount, specific property, a percentage of your estate, or what is left (remainder).
Gift of Life Insurance Proceeds
You can make a significant gift by naming Texas A&M University–Kingsville to receive all or a portion of the proceeds of an existing life insurance policy. A wealth replacement policy can replace funds placed in a trust and named to benefit your family.
Gift of Life Insurance
You can make a significant gift by naming Texas A&M University-Kingsville to receive all or a portion of the proceeds of an existing life insurance policy. You will receive a tax deduction for the cash surrender value thus reducing your tax liability in the year of the gift. Paid up policies are also acceptable gifts.
Purchase of a New Life Insurance Policy Naming A&M-Kingsville Owner and Beneficiary
You receive an income tax deduction for each premium made and provide a major gift with a modest payment.
Charitable income tax deductions are subject to limitations determined by the level of your adjusted gross income and the type of property given. Please review your particular situation with your tax advisor to determine how your circumstances relate to the limits established in your estate
NAMING OPPORTUNITIES AND ENDOWED FUNDS
General Policy
The President of Texas A&M University-Kingsville sets minimum gift level amounts and establishes approved guidelines for gift naming opportunities. If state matching funds are available, they may be added to the donor's gift for purposes of meeting the minimum naming requirement. The amounts listed below are intended to be guidelines for Texas A&M-Kingsville's many and varied units and programs. Exceptions may be granted to the endowment minimums stated below by the Texas A&M-Kingsville President.
ENDOWMENT MINIMUM: A minimum gift of $25,000 is required to create an endowed fund with Texas A&M University-Kingsville Foundation, Inc.
Endowed Chair: To establish an endowed chair, a minimum of $1 million is required. Chairs are to be occupied by individuals with the senior rank of associate or full professor.
Endowed Professorship: To establish an endowed professorship, a minimum of $600,000 is required. Such professorship is to be occupied by a Texas A&M-Kingsville faculty member.
Endowed Faculty Fellowship: To establish an endowed faculty fellowship, a minimum of $300,000 is required. These positions are to be occupied by Texas A&M-Kingsville faculty members.
Endowed Deanship/Directorship: To endow a college dean or unit director position, a minimum gift of $1 million is required. The spendable income may be used for any academic purpose in the college or unit.
Endowed Lectureship: To establish an endowed lectureship, a minimum of $300,000 is required. The spendable income from this endowment may be used to pay for honoraria, publicity, and the expenses of a member of the faculty or a visiting professor or lecturer from another institution or organization to present a lecture or a series of lectures on campus.
EndowedResearch Fund: To establish an endowed research fund, a minimum of $250,000 is required. The spendable income from the endowment may be used to support programs, technology enhancements and research.
Endowed Fellowship: To establish an endowed fellowship, a minimum of $300,000 is required. Partial fellowships may be funded. A fellowship is awarded to a student who is working toward an advanced degree in any graduate program, and this award may include a research or teaching assignment if deemed appropriate for the advanced education of the student.
Endowed Assistantship: To establish an endowed assistantship, a minimum gift of $300,000 is required. Partial assistantships may be funded. An assistantship is awarded to a student who is working toward an advanced degree in any graduate program and who is required to work in exchange for this support.
Endowed Scholarship: To establish an endowed full scholarship, a minimum of $200,000 is required. Partial scholarships may be funded. An endowed scholarship may be awarded to an undergraduate student, graduate or a professional school student on the basis of need, academic merit, or a combination of factors.
Endowment to Name an Academic College or Building: The minimum for naming a building on the Kingsville campus is $3 million. In certain instances, the minimum for a particular building may be increased by concurrence of the Director of Development, the Dean, the appropriate Vice President and the President. The minimum for naming an academic college shall be determined by concurrence of the President, the appropriate Vice President, the Dean, and the Director of Development.
Other Named Funds: The endowed funds described above are listed because of their broad appeal to the donors of most colleges, schools, departments and other units of the University. A variety of other purposes, endowed and non-endowed, offer numerous other gift opportunities. Each college, school or department may establish named fund opportunities to support the particular activities of its programs so long as the minimum standards stated above are observed. A minimum of $25,000 is required.