Planned Giving

Gifts of Mineral Interests

Gift of Mineral Interests Diagram

How It Works

  • You donate mineral interests to Wells College.
  • We hold the interest and collect the proceeds, or we sell it and apply the proceeds to the purposes you designate.

Benefits

  • You make a gift that benefits Wells College.
  • You make the gift outright or you may use it to create a life income gift that will pay you or your beneficiaries income for life.
  • You are eligible to claim a tax deduction based on the mineral interest's fair-market value at the time of the gift.
  • The value of the assets will be removed from your taxable estate.

The material presented on this Planned Giving website is not offered as legal or tax advice.
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