Mineral Rights
A gift of mineral rights, whether an entire or undivided fractional interest, can significantly impact many areas at Oklahoma State University, including scholarships, faculty, facilities and programs. These interests may be given outright during your lifetime or through your estate. The OSU Foundation is fully equipped to manage oil and gas assets in-house to help you achieve your charitable goals, including:
- Negotiate leases
- Verify and execute division orders
- Confirm royalty payments are accurate
- Record and analyze revenue data
- Monitor production of expired initial lease terms
According to our industry colleagues, the Foundation is often able to negotiate higher bonus and royalty interest rates and offers a quicker response time, resulting in faster lease agreements. Additionally, rights given to the Foundation to benefit OSU will be treated in an appropriate and financially responsible way to maximize your legacy.
Benefits of Gifting Mineral Rights:
- A gift of mineral rights is tax deductible in most cases.
- A gift of mineral rights is flexible, thus it can meet a variety of charitable giving goals.
- With in-house management, the OSU Foundation can maximize mineral rights returns by actively engaging in lease negotiations and analyzing royalty payments and interest owed.
- With donated assets and risk management under the same roof, you can rest assured your legacy will continue in the way you intended.
To get started, we will need to know what interests you want to gift.
It will also be helpful to us to know:
- Is the mineral leased?
- How was the mineral acquired?
- Are there prior or existing leases?
- Are there prior division orders?
- Are there prior transfer orders?
- Do you have check stubs from royalty payments?
Contact us for more information. If you have any questions about making your gift of mineral rights, please email us at giftplanning@osugiving.com with your questions or comments.