A Tax-Free Way to Donate

Our generous donors have chosen through the years so many wonderful ways to assist our students through our Seminary Scholarship Foundation.  Some have chosen to give outright cash or checks on a weekly, monthly, or annual basis. Others have chosen to give appreciated stocks, especially at the close of the year.  Yet, others have chosen to give insurance policies, real estate, and tangible personal property.

However, the one option that is gaining in popularity among our donors is a very simple way to save taxes and help our seminary students at the very same time.   If you are 70 ½ years of age or older, you can give up to $100,000 annually from your Individual Retirement Account (IRA) directly to a non-profit organization like our Seminary Scholarship Foundation without having to pay income taxes on the money.

It is always wise to consult with your tax professionals if you are contemplating a charitable gift.  Our tax identification number is 20-895-6069. Thank you for your continued support.

 

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Contact Us

Stegall Seminary Scholarship
Endowment Foundation
P.O. Box 241661
Montgomery, AL 36124
stegallscholarship@gmail.com
334-233-5655
facebook.com/stegallscholarship

Investing in Church Leaders for Tomorrow

“Then I heard the voice of the Lord saying, ‘Whom shall I send? And who will go for us?’ And I said, ‘Here am I. Send me.’” Isaiah 6:8