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One West WT Campaign

Major Gifts

Contact the Foundation by mail, phone or email:

WTAMU Foundation
WTAMU Box 60766
Canyon, TX 79016

(806) 651-2070
foundation@wtamu.edu

Leaving a Legacy Intent Form

The West Texas A&M University Foundation will with work with you and your advisers to help you determine which giving approach and vehicle will best fulfill your goals:

  • A multi-year commitment
  • Securities
  • A gift from your donor-advised fund
  • An estate gift through your will or living trust
  • Charitable Lead Trust
  • Charitable Remainder Trust
  • Life insurance
  • Real Estate
  • Gift annuity
  • Beneficiary designation of retirement funds (IRA or 401(k) plans)

All gifts, regardless of size, make a difference in the OneWest Comprehensive Campaign.

 

Beneficiary designation of retirement funds (IRA or 401(k) plans)

You can transfer funds from your IRA directly to the West Texas A&M University Foundation. This is an effective way to have an immediate impact with significant and sustainable funding for WT’s people, programs, and places. You may use this gift to satisfy the required minimum distribution from your IRA while reducing your taxable income, even if you don’t itemize.

Here’s how it works:

  • You must be 70½ or older.
  • An individual may transfer up to a total of $105,000 per year, and a married couple may give up to $210,000.
  • Your gift must be transferred directly from your IRA account to West Texas A&M University Foundation, designated for your chosen purpose.
  • Your gift is a transfer of funds from your IRA to the West Texas A&M University Foundation to support WT, so while you do not receive a charitable deduction, it does not create taxable income for you. The transfer of funds can count toward your annual required minimum distribution from your IRA.
  • If you are age 70½ or older, you may be able to make a qualified charitable distribution (QCD) of up to $53,000 from your IRA to fund a gift annuity.

Distributions should be made payable to the West Texas A&M University Foundation and mailed to:

West Texas A&M University Foundation
Box 60766
Canyon, Texas 79016-0001

With recent changes to legislation under the SECURE 2.0 Act, the age in which IRA holders must take their required minimum distribution (RMD) has been increased to 73. However, anyone age 70½ or older can still make Qualified Charitable Distributions to their favorite charities.

 

Future Gifts through your Retirement Plan, Life Insurance or Other Financial Accounts

It’s easy to name West Texas A&M University Foundation as a partial or total beneficiary of your retirement accounts, life insurance plan, Donor-Advised Fund (DAF), and other financial accounts, including your bank and brokerage accounts. And it’s as simple as signing your name.

Simple Steps to Make Your Gift

  1. Contact your retirement plan administrator, insurance company, bank, or financial institution for a change-of-beneficiary form. You may be able to request or download your form from your online account portal.
  2. Decide if you would like to name the West Texas A&M University Foundation as a primary or secondary beneficiary, and the percentage you’d like us to receive. When you designate us as a secondary beneficiary, we receive the gift only if your primary beneficiary doesn’t survive you.
  3. Be sure to include our legal name: West Texas A&M University Foundation and Tax ID Number: 75-6036665
  4. Please let us know now by completing the Leaving a Legacy Intent Form. Sharing your wishes with us now helps ensure your gift will be distributed as you wish. Most financial institutions will only notify us after your lifetime, and some send only a check that may or may not have your name to identify you as the donor. Please request that they share with us both your name and address when corresponding with the WT Foundation.

You will need our legal designation:

Legal name: West Texas A&M University Foundation
Federal Tax ID Number: 75-6036665

You can include gifts for a specific scholarship or program, or to establish a named endowment.

This information is not legal or financial advice. Please seek advice from your professional advisors.

For more information, please contact:

Dr. Todd Rasberry

Todd W. Rasberry, Ph.D.

Vice President for Philanthropy and External Relations / Executive Director of the WTAMU Foundation

trasberry@wtamu.edu
806-651-2069

Lesly Annen

Lesly Annen

Assistant Vice President for Leadership Gifts and Development

lannen@wtamu.edu
806-651-3252

Keith Brown

Keith Brown

Major Gift Officer and  I Am WT Leaving a Legacy Coordinator

kbrown@wtamu.edu
806-651-2028