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.
We evaluate all potential gifts of real estate for marketability and potential environmental concerns and ask donors to supply detailed information on the property before accepting the gift.
When you donate property, you can receive financial benefits and know that you’ve made a difference for Texas A&M. Leaving property to heirs can create an estate tax liability and could force the sale of other assets that might otherwise appreciate. By donating property, you avoid these liabilities and hassles. Most importantly, you avoid capital gains taxes so that more of the proceeds can fund your legacy at Texas A&M.
There are four different ways you can give property to the Foundation:
1. Outright Gift
An outright gift of property is the fastest real estate gift you can make to impact Texas A&M. For properties you’ve held for more than one year, immediate benefits include:
A charitable income tax deduction for the property’s full fair market value as substantiated by a qualified appraisal.
Avoidance of capital gains taxes on the property’s appreciation.
Bypassing the hassle of selling the property.
Eliminating the burdens of property ownership, such as insurance costs, property taxes, rent collection and maintenance.
A reduction of your taxable estate.