Planned Gifts

As the costs to run a top Athletics Program continue to increase, Texas State Athletics is looking for ways to secure the future of the program. Planned gifts will help grow the Texas State Athletics Program as we continue “The Drive”. As we make the move to FBS, our scholarship needs will increase by 44, 22 for football and 22 for additional women’s sports. Creating an planned gift will leave a lasting legacy for you, future generations of your family and Texas State Athletics. Planned gifts are contributions that are intended to occur at some future date. They may be created though wills and bequests, gift annuities or life insurance policies, charitable trusts or other life income arrangements. This permanent source of income allows our athletic programs to be less dependent on annual dollars from other sources to weather the storm of poor economic times and to avoid depleting or shrinking legislative dollars.

The Texas State Athletic Department relies on Institutional Support, ticket sales, as well as annual giving and private gifts to support both our student-athletes and the future success of Texas State Athletics. Planned gifts are an excellent way to give with their flexibility.

*Charitable gifts or bequests are NOT subject to gift or estate tax. In fact, you can give an unlimited amount (Gift and Estate) tax free. A lifetime gift will also give you a charitable Income Tax Deduction.

Ways to pass on financial contributions for the future success of Texas State:



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  To Learn More

For more information on establishing your planned gift benefiting Texas State Athletics please contact:

Travis Comer
Associate Athletic Director - Major Gifts
Work: 512.245.2247
tcomer@txstate.edu

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   Wills and Bequests

A gift or legacy in your will or living trust where you donate money, property, or other assets to Texas State Athletics through wills and bequests. Give to Texas State University without affecting your cashflow during your lifetime.

Benefits include:

  • Your assets remain in your control during your lifetime.
  • You can modify your bequest if your circumstances change.
  • There is no upper limit on the estate tax deductions that can be taken for charitable bequest.
  • You know that your gift will benefit Texas State Athletics tomorrow just as you intend it to today.

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   Gift Annuities

A Charitable Gift Annuity is a simple agreement between you and Texas State Athletics; you make one gift upfront and receive an immediate income tax deduction, and Texas State Athletics sends you fixed payments (a percent of your gift, based on your age) for life. At the end of your life, Texas State Athletics receives the remainder of your investment as a charitable gift. Recommended for younger donors to build retirement earnings for the future.

Benefits include:

  • You receive an immediate income tax deduction for a portion of your gift.
  • Your lifetime annuity is backed by a reserve and the full assets of Texas State University.
  • Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
  • You have the satisfaction of making a significant gift that benefits you now and Texas State University later.

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   Life Insurance Policies

A gift of ownership of an paid up life insurance policy. They are very flexible and there are many different ways to support Bobcat Athletics with a paid up life insurance gift.

Benefits include:

  • You can make a significant gift from income instead of capital.
  • Your gifts offsetting our premium payments are fully deductible.
  • You build our future financial strength.

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   Charitable Lead Trusts

Charitable remainder trusts are irrevocable structures established by a donor to provide an income stream to the income beneficiary, while the public charity or private foundation receives the remaining value when the trust terminates. Discover an innovative way to pass appreciating assets on to family members while making gifts in the interim.

Benefits include:

  • The present value of the income payments to Texas State Athletics reduces your gift/estate tax.
  • All appreciation that takes place in the trust goes tax-free to your heirs, the amount and term of the payments to Texas State Athletics can be set so as to reduce or even eliminate transfer taxes due when the principal reverts to your heir.
  • You have the satisfaction of making a significant gift to Texas State Athletics now that reduces the taxes due on transfers to your heirs later.

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   Charitable Remainder Trust (CRUT)

The most popular and flexible type of life income plan is a charitable remainder unitrust. Cash, securities, real property, or other assets are transferred into the trust, the trustee manages the trust assets and pays you or others you choose a variable income for life or for a term of years. When the trust terminates, the remaining assets in the trust are transferred to Texas State Athletics. For example, as a donor you transfer assets (cash, property, or other assets) to a trust that is created under the laws of Texas. Payments are made from the trust to you for life or for a period of up to 20 years. At the end of the period, what is left in the trust is transferred to Texas State Athletics.

Benefits include:

  • Tax deductions
  • You pay no upfront capital gains tax on appreciated assets you donate.
  • You or your designated beneficiaries receive income for life or a term of years.
  • You can make additional gifts to the trust as your circumstances allow and qualify for additional tax deduction.
  • You have the satisfaction of making a significant gift that benefits you now and Texas State Athletics later.

The typical CRUT donor:

  • Needs income for life or a specified term of years.
  • Desires more income as the trust value increases.
  • Tolerates some investment risk to provide for growth.
  • Wants to make additional gifts to the trust.
  • Is between the ages of 55 and 80.

Gifts features and benefits:

  • Income for life (variable payments)
  • Available if needed during life (gift at death)
  • Assets transferred to the trust can be reinvested
  • Ability to choose the trustee (may be the donor)
  • Flexible investment possibilities for the beneficiary

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   Other Planned Gifts

Appreciated Property such as stocks, securities and real estate

Retirement Plan Assets: IRA, 401 (K) Plans and 403 (B) Annuities (TIAA- Cref)


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   Legacy Planner

If you're not sure how our gift plans can meet your financial goals, enter the Legacy Planner™, and follow the trail to the gifts that will work best for you. Each option you select leads to more choices, letting you design your own gift plan.

http://www.txstate.planyourlegacy.org/legacyplanner.php

http://www.txstate.planyourlegacy.org/