The diocese can accept both publicly traded securities and closely held securities. Once a transfer has been made, please complete this form and email it to jevans@edsd.org. Consult with your professional advisor before contacting our office.

You can avoid capital gains taxes by giving appreciated stocks, bonds, and mutual funds to EDSD. You can even receive an income tax deduction based on the full market value of the securities. If your securities have decreased in value, sell them, claim the capital loss, and then donate the proceeds. Appreciated marketable publicly-traded securities are accepted and sold upon receipt unless otherwise directed by the bishop in consultation with the treasurer. Once a transfer has been made, please complete this form and email it to jevans@edsd.org. Consult with your professional advisor before contacting our office.

Closely held securities, which include not only debt and equity positions in non-publicly traded companies but also interests in LLPs and LLCs or other ownership forms, can be accepted so long as there are no restrictions on the security that would prevent the diocese from ultimately converting those assets to cash, the security is marketable, and the security will not generate any undesirable tax consequences for the diocese. The final determination on the acceptance of closely held securities is made by the bishop in consultation with the treasurer and legal counsel when necessary. Once a transfer has been made, please complete this form and email it to jevans@edsd.org. Consult with your professional advisor before contacting our office.

You can support the diocese by donating gifts such as artwork, jewelry, cars, boats, and other personal property so long as the property contributes to the mission of the diocese, is marketable, does not have undue restrictions on the use, display, or sale of the property or any carrying costs for the property. Should you wish to reflect the contribution in your income tax return, contact your tax advisor and review this form: IRS Form 8283.

You can gift real estate to EDSD as and may enjoy a tax deduction based on the property’s current market value. Should you wish to reflect the contribution in your income tax return, contact your tax advisor and review this form: IRS Form 8283. Want to give your home and continue to live in it? Consider a “life estate”—where it automatically passes to EDSD at your passing.

By setting up a charitable gift annuity, you transfer cash or property to EDSD in exchange for a partial tax deduction and annual income for life. The minimum age for life income beneficiaries of a gift annuity is 55 years old. For a deferred gift annuity, the minimum age for life income beneficiaries is 45. No more than two life income beneficiaries are permitted for any gift annuity. Annuity payments may be made on a quarterly, semi-annual, or annual schedule. The donor may receive an income tax deduction in the year of the gift. The minimum gift for funding is $5,000.

Through a pooled income fund, your gift is pooled with others and invested. You may receive some tax deductions. Then, you (or the income beneficiary named by you) receive a quarterly income for life based on how well the fund performs. At your (or the beneficiary’s) passing, the gift is received by EDSD. The pooled income fund is a gift plan, like a mutual fund, which is actually a trust fund for donors who wish to receive an income that has the possibility of growth through the years.  A particularly appealing feature of the plan is that it does not require gifts in substantially larger amounts that are generally necessary for separate trusts. Individual gifts of cash and other property are combined or “pooled” and collectively invested by a trustee to produce income that is shared by the contributors. Additional donations may be added to the fund at any time.

With a charitable remainder trust, assets are transferred to a trust. You may receive a tax deduction plus quarterly income. Upon the passing of the last income beneficiary, the funds are released to EDSD. You can support the diocese by designating the diocese as the remainder beneficiary of a charitable remainder trust with the approval of the bishop in consultation with the treasurer and legal counsel. The diocese does not accept appointments as trustee of a charitable remainder trust. The minimum gift for a Charitable Remainder Trust is $100,000.

A Charitable Lead Trust pays the diocese income, returns the remainder to the donor, or gives the remainder to heirs after a set number of years. Through a charitable lead trust, you set funds aside to be managed
for a specified time period. During that time, EDSD receives an income from the funds. At the end of the term, the funds (which may have grown) are returned to you or your heirs. The diocese will accept a designation as income beneficiary of a charitable lead trust but does not accept an appointment as trustee of a Charitable Lead Trust.

Did you know that you can name the diocese as the beneficiary of your retirement plans? You may be able to receive several tax benefits from this structure. Consult with your tax advisor. By naming EDSD as the beneficiary of the remaining assets in your retirement fund, taxes on the assets are avoided. designations will not be recorded as gifts to the diocese until such time as the gift is irrevocable. When the gift is irrevocable but is not due until a future date, the present value of that gift will be recorded at the time the gift becomes irrevocable.

“Whole” or “universal” life insurance policies have cash value and can be donated, qualifying you for a tax deduction. Or, you can designate EDSD as the full or partial beneficiary of any policy. The gift is valued at its cash surrender value upon receipt. If you contribute future premium payments, the diocese will include the entire amount of the additional premium payment as a gift in the year that it is made. If you do not elect to continue to make gifts to cover premium payments on the life insurance policy, the diocese may continue to pay the premiums, convert the policy to paid up insurance, or surrender the policy for its current cash value.

You can support the diocese by naming the diocese as beneficiary or contingent beneficiary of your life insurance policies. Such designations are not recorded as gifts to the diocese until such time as the gift is irrevocable. Where the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable.