Types
of Gifts
There are many ways to make gifts to Ursuline Academy
of Dallas. Careful planning can make charitable giving a personally satisfying
and financially sound decision. As you consider your gift, you may wish
to explore the links above to learn more about the types of gifts included
in the range of options available to donors.
Ursuline Academy of Dallas is a non-profit 501(C) (3)
organization. All contributions to the Academy are tax deductible to the
extent allowed by law.
Gifts
of Cash
The most convenient form of giving, cash gifts may be
made in the form of currency, checks, or by credit card. Gifts of cash,
as allowed by law, are deductible for donors who itemize deductions. (Total
charitable deductions in any year cannot exceed 50% of the taxpayer’s
adjusted gross income. Contributions above 50% may be carried over for
up to five subsequent years.)
Pledges
Ursuline’s pledge program offers an opportunity for payments over
two to five years, depending on the project and size of gift. Pledge giving
is both flexible and tax-wise, allowing you to schedule charitable deductions
in years that provide the most significant tax savings. Your pledge is
recorded by completing a pledge card or letter of intent. Invoice arrangements
are available.
Matching
Gifts
Many employers generously match an employee’s gift to non-profit
institutions, providing another avenue for additional contributions to
Ursuline Academy. If your employer will match a gift, the company’s
matching gift form should be submitted with your own cash or pledge gift.
Securities
Direct gifts of securities, especially appreciated stocks, can offer substantial
tax savings. Federal income tax laws allow for deduction of the full market
value of long-term appreciated securities, subject to an annual limitation
of 30% of adjusted gross income. Any excess may be carried forward for
five years. By giving appreciated stock, you may give a larger gift at
less cost. For securities that have decreased in value, donors benefit
from selling the stock and taking a loss for tax purposes, then contributing
the cash to Ursuline.
Real
Estate
Ursuline may accept gifts of houses, residential or commercial rental
property, office buildings and undeveloped land. You can also make a gift
of a personal residence, reserving the right to live in the house. This
type of gift is called a “Life Estate Contract,” offering
the donor a substantial charitable contribution deduction based on the
value of the remainder interest in the residence.
Charitable
Remainder Trusts
You can establish a separate life income trust to provide wither a variable
or fixed income, creating a charitable deduction for the remainder interest
donated to Ursuline. Transfers are exempt from capital gains tax. The
Charitable Remainder Unitrust provides income for you or a designated
beneficiary based on a payout rate not less than 5% of the fair market
value of the trust assets, determined annually. Income from the trust
continues for the rest of your life, and in certain cases, may be passed
on to a survivor. You may also establish an income interest for a parent
or other individual you wish to support. With a Charitable Remainder Annuity
Trust, the required annual income distribution amount is predetermined
at a maximum of 5% of the fair market value of the Trust assets at the
date the assets are transferred to the Trust.
Bequests
When planning your estate, you can consider an outright bequest to Ursuline
Academy. Also, certain bequests in trust are not subject to estate taxation.
Because of special statutory tax benefits that are granted for charitable
contributions, your exclusion is the face value of the gift rather than
the actual cost, which may be considerably less.
Memorial
Gifts
Many memorial funds have been established at
Ursuline Academy in memory of a deceased relative or friend.
In-Kind
Contributions
In-kind gifts afford you the opportunity to donate valuable items, property,
or professional services to Ursuline Academy. Examples include auction
items for special events, office furniture, products and services for
new construction and building renovations, legal and accounting services,
etc.
To learn more about ways to give to Ursuline
Academy of Dallas, please contact:
For additional information
contact:
Ursuline
Academy Development Office
4900 Walnut Hill Lane
Dallas, Texas 75229
469-232-3585
Note: The information included in this section is not
intended as specific legal advice. Consult your tax advisor when considering
any accounting or legal matters. State laws that govern wills and contracts
vary and are subject to change.
Page last updated August 30, 2006
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