In addition to gifts of cash and marketable securities, the UT Foundation can accept unconventional gifts such as real estate, personal property, leases, working interests, oil royalties and even equipment such as corporate aircraft or boats. These assets are typically converted to cash and reinvested in securities, although certain oil- and gas-producing interests are retained by the Foundation.
The UT Foundation’s acceptance of gifts other than cash and marketable securities offers several advantages to you, the donor:
• You are spared the liquidation process
• Your gift generates an itemized tax deduction.
• With gifts of highly appreciated assets, the capital- gains tax is avoided.