Give It Twice Trust - Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to Texas A&M Foundation. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.

Benefits of a give it twice trust

  • Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
  • Create an estate tax deduction and savings from the charitable gift
  • Support the important charitable work of Texas A&M Foundation

How a give it twice trust works

  1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
  2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
  3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
  4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
  5. At the conclusion of the payments, the balance of the trust will be transferred to Texas A&M Foundation.

Provides Tax Savings. The gift it twice trust produces income and estate tax savings.

Promotes Fairness. The give it twice trust establishes a mechanism that will help you treat each of your children equally. This can help promote peace in your family.

Teaches Your Children. Give children income rather than a lump sum. Studies of inherited wealth have concluded that many children spend lump sum inheritances, whereas they learn to be more responsible with inheritances paid out over time.

Contact us

If you have any questions about a give it twice trust, please contact us. We would be happy to assist you and answer any questions you might have.

After-Lifetime Gifts

Bequest

You designate our organization as the beneficiary of your asset by will, trust or beneficiary designation form.  Learn More

Retirement Account Beneficiary Gift

Making the Texas A&M Foundation beneficiary of your retirement account can be a powerful planning tool and a great gift. Learn More

Give it Twice Trust

You provide your children with a stream of income while making a gift to charity. Learn More

Blended Gifts

There are many combination gift options that can make your giving go farther than a simple gift of cash or property.  Learn More

Gift of Insurance

A gift of your life insurance policy is an excellent way to make a gift to us. If your life insurance policy is no longer needed or will no longer benefit your survivors consider making a gift and help further our mission. Learn More

Dual-Benefit Gifts

Charitable Gift Annuity

You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments for the rest of your life. Learn More

Charitable Remainder Unitrust

You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with payments for life or a term of years.  Learn More

Life Estate Reserved

You may desire to leave your home or farm to us at your death, but would like to receive a current charitable tax deduction. A life estate reserved might offer the solution you need! Learn More

Charitable Remainder Annuity Trust

You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax free and provides you with fixed payments for life or a term of years. Learn More

Charitable Lead Trust

You transfer your cash or property to fund a lead trust that makes gifts to support A&M for a number of years. You receive a charitable deduction for the gift. Your family receives the remainder at substantial tax savings. Learn More

Sale and Unitrust

If you give a portion of your property to us to fund a charitable remainder trust, when the entire property sells you receive cash and payments for life. Learn More