Gifts of Mineral Interests

A gift of mineral interests (oil, gas, gold, silver or other precious metals) is a great way to make a gift to Wheaton College.

Potential benefits of gifts of mineral interests

Receive a charitable income tax deduction.
Avoid income tax on royalties.
Receive lifetime payments.
Make a meaningful gift to support a transformative liberal arts education for Wheaton students.

Gift of all or an undivided portion of your land—If you own land with mineral rights, a gift of all or an undivided part of your land can produce a direct tax benefit to you and support Wheaton. You will receive a charitable income tax deduction in the year you make your gift.
Gift of royalties—If the income from your oil or mineral rights is pushing you into the upper tax brackets with higher rates and fewer deductions, consider a gift of your royalties. By giving the college a portion or all of your royalties, you can lower your income and taxes while achieving your charitable goals.
Charitable remainder trust—To maintain the most income while also maximizing charitable intent and charitable deductions, place your land into a charitable remainder unitrust. You will receive payments for your life or a term of up to 20 years and an income tax charitable deduction. Wheaton will benefit from the remaining value.

Gifts of mineral interests are valuable property rights. You can use your mineral rights to fund a variety of different planned gifts.