United Theological Seminary

THINGS TO REMEMBER ABOUT END OF THE YEAR GIVING

United appreciates your gifts year-round! Below are a few things to consider as 2021 comes to a close. The 2021 tax year ends on Friday, December 31, 2021. For your gift to be considered a 2021 tax-deductible charitable donation, it must be made, received and/or postmarked before December 31.

Gifts of Securities/Stock

Stock gifts transferred to a brokerage house are credited the day received. As transfers of securities often take several days to accomplish, please begin the transfer as early as possible before the end of the year in order to ensure your gift is considered deductible for the 2021 tax-year. A call to our office would also be most appreciated at the time of the transfer. Please contact Cindy Schriever, 651-255-6111 or cschriever@unitedseminary.edu.

Broker:

Carolyn Ganz, MBA, CRPC
Financial Consultant
Investors Financial Group, Inc.
1300 Godward St. NE, Suite 6250
Minneapolis, MN 55413
612-200-8124/direct; 612-331-8161/office
DTC#0075; ACT# 14837025

Make a Gift Tax-Free with an IRA Charitable Rollover

Make a difference today and save on taxes – it’s possible when you support United through your IRA.

A Special Opportunity for Those 70½ Years Old and Older

You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as United without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at United. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.

Why Consider This Gift?

  • Your gift will be put to use today, allowing you to see the difference your donation is making.
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

Legal Name:

United Theological Seminary of the Twin Cities
767 Eustis St., Suite 140
St. Paul, MN 55114
Phone: 651-633-4311
TIN: 41-0854766

Please be aware that our office will be closed Thursday, December 23, and will reopen Monday, January 3, 2022.