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Directed Gift Process

Every year The Association of Former Students processes gifts of all sizes. We value every gift and handle each one professionally and efficiently. Depending on the gift size and type we take it through some or all of the following steps:

  • We provide a gift agreement.
    We provide gift agreements for all gifts and pledges of $25,000 or more. Agreements outline the purpose, form, schedule and administration of gifts. For smaller gifts, donors may document their preferences with pledge cards, letters or notes on their checks.
  • We convert the gift to cash.
    Non-cash gifts (securities or real estate) require special processing. The Association of Former Students converts these gifts to cash.
  • We place the gift in an account.
    Every gift goes into an endowed or non-endowed account as specified by the donor. The Association of Former Students disburses funds from accounts as defined by donors’ preferences.
  • We send a receipt.
    We mail a receipt for every gift recorded by The Association of Former Students. Receipts provide donors with proof of their contribution. If you have a question about a receipt, contact our Gift Recognition Coordinator.
  • We apply applicable fees.
    Please note: These fees do not affect the portion of your donation considered a charitable donation for IRS receipting and A&M giving totals.
    • To fund our operations, The Association applies a one-time, 5 percent development fee to directed gifts. For endowed gifts, the fee is charged when the gift is made and paid as earnings are received. For non-endowed gifts, the fee is charged and paid when the gift is made. Please note: Certain gifts are exempt from this fee including, but not limited to, non-endowed scholarships, building enhancement campaign gifts, Endowed Century Club, and the unrestricted annual fund.
    • To offset fees from our credit card processors, The Association charges a fee (currently at 3 percent) for directed gifts made via credit card. For non-endowed gifts, the fee is charged and paid when the gift is made. For endowed gifts, the fee is charged against the future income earned in the account; the entire gift is recorded in the endowment principal.
  • We disburse funds to Texas A&M.
    If the gift is a non-endowed scholarship, The Association of Former Students disburses the entire gift as designated by the donor and when requested by the university. If the gift is endowed, we invest it until it has generated enough proceeds to fund the stipend and the benefiting university office requests a disbursement. For example, a scholarship endowment paid by check, would accrue earnings for 24 months before Student Financial Aid could request the first stipend disbursement.
Address

505 George Bush Drive
College Station, TX 77840

Phone Number

(979) 845-7514

© 2017 The Association of Former Students of Texas A&M University, All Rights Reserved