Gifts That Reduce Your Taxes
You can equip students with the truth of the Bible. What’s more, you can also enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.
Gift of Cash
Cash is the simplest asset to donate and the quickest way to make an immediate impact for Dallas Theological Seminary. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer.
Stocks & Other Securities
When you give securities (stocks, bonds, mutual funds), you may be eligible for a double tax benefit: 1) You receive an income tax deduction for the full, current, fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals.
When you redeem savings bonds, you will owe income tax on the appreciation. So will the person who inherits them. You can eliminate the income tax on bonds you plan to redeem by donating them to Dallas Seminary Foundation. Because the Foundation is tax-exempt, 100 percent of your gift of savings bonds will go to supporting our shared mission to prepare the next generation of Christian leaders.
- Reduce your income tax with a current gift.
- Reduce income tax and possibly estate taxes for your loved ones, while create your lasting legacy with Dallas Theological Seminary.
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding Dallas Theological Seminary.
Transfer ownership now:
To make an impact on our mission today, irrevocably designate Dallas Seminary Foundation as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.
If your policy is not yet paid up, you will make contributions of cash to the Foundation to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.
Name us as a beneficiary:
You can name Dallas Seminary Foundation as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, DTS will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time and may reduce your estate taxes.
This gift is easy to arrange — simply request a beneficiary designation form from your life insurance company.
Gifts of Property
Privately-Held Business Shares
If you own a business, you can donate shares of your business while maintaining complete control, even if the business is structured as an S Corporation, Partnership, or LLC. Such gifts may enable you to maximize your annual income tax deductions as well as reduce your capital gains taxes when the business is eventually sold. This type of gift can significantly reduce your tax bill while maximizing valuable resources for your family and for the ministries you wish to support. Learn more here.