Mineral Rights

A gift of mineral interests can be a valuable way for you to enrich the lives of future students at The Kinkaid School.

How It Works

Gift of royalties: You may want to consider a gift of your royalties if the income from your oil or mineral rights is moving you to an upper tax bracket with higher rates and fewer deductions. By giving us a portion of your royalties, you can lower your income and taxes while achieving your charitable goals.

Gift of all or a portion of your land: If you own land with mineral interests, a gift of all or part of your land can produce a direct tax benefit to you and support The Kinkaid School. You will receive a charitable income-tax deduction in the year you make your gift.

Benefits

• Receive a charitable income-tax deduction
• Avoid income tax on royalties

You can feel secure knowing that our professional advisors on The Kinkaid Investments Foundation will manage your mineral interests responsibly while maximizing their impact for The Kinkaid School. The Foundation’s directors oversee gifts of oil and gas interests such as minerals or interests arising from working interests, royalty interests, and overriding royalty interests. The fair-market value of any proposed gift of oil and gas interests will be determined by a qualified appraisal in accordance with IRS standards. The donor will pay the cost of the appraisal unless otherwise agreed upon. These gifts will be reported based on the appraised value at the time of transfer, as defined by the date the deed of transfer is recorded.

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