Planned Giving at Denver Seminary
Just like each student has a vision of what his or her ministry will be, we are sure that you have a vision for your financial gift to the Seminary. Contact James Rider on our Advancement team and share with him what you want your planned gift to do. He’s a great listener and he’ll know just how to put legs to your vision.
Note: As with all significant financial decisions, you should consult your tax and legal advisors before entering into complex planned giving agreements. For general questions or professional resource introductions, contact James Rider, director of Donor Relations.
Creative Giving Guide
Your investment in Denver Seminary will have a multiplying impact for many generations to come.
Will and Estate Plans
Naming Denver Seminary as a beneficiary in your will is the SIMPLEST way to give out of your estate. If you are a regular giver and would like to keep Denver Seminary as part of your plans for years to come, perhaps consider an endowment gift through your will, or note a percentage that you wish Denver Seminary to receive upon your passing. If you plan to make us one of your beneficiaries, please let us know so that we can plan and note you as a “Legacy Builder.”
Last Will and Testament
- Name your charity in your will or trust.
- Provide for a share of the estate residue, a percentage of your estate, or a specific dollar gift amount.
Revocable Living Trust
- Appointed trustees receive assets to invest, manage, distribute, even make charitable gifts during life or after death.
- Trustees are bound by the provisions of the trust, but its revocable nature allows flexibility to change provisions during life.
- Charities may be named for gifts during life or after death and may be combined with a pour-over will to consolidate all estate assets after death to be distributed in accordance with the trust provisions.
Life Estate Agreements
- A donor can deed a home, farm, or other real estate to a charity and reserve the right to continue living there or using the property for life.
- Whether revocable or irrevocable it will determine timing of tax benefits.
- Subject to real estate transfer evaluations and conditions.
- Name the charity as the first, second, or last beneficiary for part or all of the proceeds left in the retirement fund at the death of the donor and/or the surviving spouse.
Financial Service Organizations
- Direct certificates of deposit in banks or credit unions to the charity by including “POD (paid on death)” followed by charity name.
- Similar arrangements may be available from brokerage accounts.
Some donors have named Denver Seminary as a beneficiary of their life insurance policy. Some benefits include:
- Charitable deduction when you name Denver Seminary as a beneficiary AND assign Denver Seminary ownership of the policy.
- Security for your family by naming Denver Seminary as a contingent beneficiary.
Note: As with all significant financial decisions, you should consult your tax and legal advisors before entering into complex planned giving agreements. For general questions or professional resource introductions, contact James Rider.
For those who take the time to establish a trust for charitable giving, the benefit to charity and the tax advantage to a family can be rewarding.
Charitable Remainder Trust (CRT)
Charitable Remainder Trusts can be understood by the middle word: remainder. You (and possibly your beneficiaries) can receive income during your lifetime while the REMAINDER will pass to the charity after your lifetime.
Charitable Lead Trust (CLT)
LEAD is the key word for a CLT because instead of the charity receiving the remainder of the gift, it can provide a tax benefit immediately (which, if you reach the maximum deduction in one year can be rolled into another year) and allows you to make charitable grants over a period of years. You receive the remainder of the proceeds at the end of the defined period.
Denver Seminary will work with you and a professional to establish a trust with benefits of reliable income for your life, a sizable income tax reduction, avoidance of capital gains taxes on long-term securities and a significant gift to Denver Seminary.
Note: As with all significant financial decisions, you should consult your tax and legal advisors before entering into complex planned giving agreements. For general questions or professional resource introductions, contact James Rider, director of donor relations.