Gifting Opportunities

There are many opportunities to make contributions to Howard Payne University to support A Call to Send. Some examples include:

Outright Gifts

Cash/check/money order/credit card Gifts or pledge commitments may be made which are earmarked for the campaign.

STOCKS/SECURITIES A stock portfolio is often among the most valuable assets owned and one that can carry substantial capital gain (even in a down economy). With thoughtful, strategic planning, taxes on these gains can be minimized.

RETIREMENT FUNDS Contributions may be made from retirement funds such as 401ks and IRAs.

Gifts-in-Kind

LIFE ESTATE CONTRACT A life estate contract is an agreement established by donors transferring a deed of real property to an organization while reserving for themselves and/or someone else the right to live on or use the property for life. Charitable deductions for life estate contracts are limited to properties that are either personal residences or farms.

PERSONAL PROPERTY Tangible personal property is defined as property that can be physically touched, excluding land and improvements (buildings and permanent structures). Examples of tangible personal property include:

  • antiques;
  • artwork;
  • precious gems and metals;
  • stamp and coin collections; and
  • motor vehicles.

REAL ESTATE By making a gift of real estate, you can leverage a significant asset for your benefit and the university’s. Gifts can be made with residential, commercial or undeveloped real estate.

RETAINED LIFE ESTATE (Give your home and live there for life) Deed a personal residence now. Retain the right to occupy the home for life and continue to pay real estate taxes, maintenance fees and insurance on the property. In addition, you can later decide to rent your home or make improvements to it. After your lifetime — and the lifetime of your spouse or another person you choose to retain rights to live in the home — possession of the property is transferred.

BEQUEST This is a provision made in a donor’s will, through which an organization receives cash and/or other assets at the time of the donor’s death.

BENEFICIARY DESIGNATION This includes IRAs, retirement plans, life insurance plans or insurance annuities which name specific individuals or entities as the beneficiaries.

CHARITABLE GIFT ANNUITY This is a legal contract between the donor and the organization, through which the donor exchanges cash, stocks or other assets for an agreed-upon income for life.

CHARITABLE LEAD TRUST This trust is established by a donor transferring assets to a trust that provides income to a nonprofit organization for a period of years. At the end of that period, the trust assets revert either to the donor (grantor) or to someone else the donor designated (non-grantor).

CHARITABLE REMAINDER TRUST This trust is used by donors to transfer assets to a trust, which then goes to the charitable organization after the death of the last beneficiary. The donor retains a fixed or variable income for life.

DONOR ADVISED FUND This is a type of charitable giving through a qualified public charity where the donor recommends how contributions are granted to charitable organizations. These are often done through community foundations.

INSURANCE POLICIES Howard Payne may be made the beneficiary of insurance policies.

Mineral rights Oil, gas and mineral rights can also be gifted.

POOLED INCOME FUND This is a common trust to which many donors make contributions and retain for themselves a pro rata share of the fund’s earnings each year. As each beneficiary dies, the value of the fund attributable to that death is severed and paid to the organization. It is similar to a mutual fund.




Phases