There are many ways to support Nashotah House into the future. Consider one of these options to make a long-term impact on the seminary. If planned giving is right for you, work with your attorney to include bequest language in your will or trust.
When donating stocks, individuals may want to consider utilizing a Donor Advised Fund (DAF). A DAF is a gifting account within a foundation used to make donations over time. Gifts given to a DAF cannot be transferred back to the donor. The DAF assumes ownership of the gifted shares without any tax ramifications, and because the majority of DAFs are 501c3 nonprofit organizations, they can sell the donated shares in a tax-free manner. The proceeds from the sale are then credited to the donor’s account, and he or she can then distribute the funds to ministries or charities of their choice.
By giving through a DAF, investors can possibly avoid paying capital gains taxes on the donated shares, and they may have the ability to claim a charitable deduction for the total market value of these shares in the year they make the gift. (Source: Blue Trust)
Contact Robin LittleA gift of long-term appreciated securities, either publicly traded or from a closely-held company, may provide you with greater tax advantages than a gift of cash. You may deduct the current fair market value as a charitable gift and completely avoid any capital gains tax on the appreciation. Please contact our Advancement Office to access instructions your broker will need to complete the transfer. For your gift to count within the calendar year, the transfer must be in process by December 28.
If the value of a stock has increased since the investor acquired it, the investor could donate more, but selling the shares might lead to a challenging tax issue. If the stock sells at a significantly higher price than the investor’s stock basis (what they originally paid), then the investor could face substantial capital gains taxes.
Contact Robin LittleNashotah House supporters who are age 70 ½ or older can support the seminary with a tax-free transfer of up to $100,000 a year from their individual retirement account. The charitable IRA rollover, or qualified charitable distribution (QCD), can count toward your required minimum distribution, if you are age 72 or older.
Your gift can support the annual fund, a named scholarship, a particular building project, or an area of your choosing. Please contact Senior Director of Advancement Robin Little to indicate your preference.
To make an immediate impact and support the House with your IRA, contact your plan administrator and request the amount you wish to transfer directly to Nashotah House Theological Seminary, Tax ID# 39-0806195. For your gift to count within the calendar year, it must be received by December 31.
Contact Robin LittleEmail our Senior Director of Advancement, Robin Little, today to discuss your giving plans.
Contact Robin
