Life insurance policy gift

Do you have a life insurance policy that has outlasted its original purpose? You can use it (or a portion of it) to reduce your taxes and create a gift for Dallas Seminary Foundation that demonstrates your commitment to spreading the gospel.

Potential benefits:

• You could potentially reduce your income taxes;
• You may receive additional tax deductions if you make annual gifts so Dallas Seminary Foundation would be able to continue to pay the premiums;
• You can see firsthand how your gift supports our work if Dallas Seminary Foundation cashes in the policy;
• You can create your legacy. If Dallas Seminary Foundation retains the policy to maturity, or you name Dallas Theological Seminary as a beneficiary, once the policy matures, the proceeds of your policy will be paid to Dallas Theological Seminary.

Retirement Plan Gift

You can simply name Dallas Theological Seminary as a beneficiary of your retirement plan to build up the body of Christ through proclaiming the truth of the Scriptures.

Gifts of securities

You can use stocks, bonds, and mutual funds that have grown in value to create your legacy with Dallas Seminary Foundation.

Potential benefits:

• You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law);
• You may avoid paying the capital gains tax on any increase in the value of the security you give.

IRA Charitable Rollover

You can transfer funds from your IRA directly to Dallas Theological Seminary. This is an effective way to have an immediate impact in fulfilling God’s call to create disciples. Here’s how it works:

• You must be 70 ½ or older.
• An individual may transfer up to $100,000 per year, and a married couple may give up to $200,000.
• Your gift must be transferred directly from the IRA account to Dallas Theological Seminary.
• Your gift is a transfer of funds from your IRA to Dallas Theological Seminary, so it does not create taxable income for you.
• If you are 72 and older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.

If you’re interested in this popular way to support Dallas Theological Seminary, download a sample letter for your IRA administrator here.

* Congress has waived the annual Required Minimum Distribution from IRA Accounts in the year 2020 as part of the CARES Act in response to COVID-19. Please consider seeking advice from your financial advisor or tax professional to understand how recent changes to laws governing retirement plans may impact you and your charitable gift.