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How to Make a Current Gift

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Whether you support Bethany through the unrestricted Annual Fund or through restricted or endowment giving, there are a number of ways you can give. Bethany’s procedures for making current gifts are outlined below.

 

Credit Card Online

You may support the Bethany Annual Fund any time with a credit card using our secure online donation page.

 

Check

Make your check out to Bethany Theological Seminary and mail to

Institutional Advancement
Bethany Theological Seminary
615 National Road West
Richmond, IN 47374

 

Periodic Bank Withdrawal

To make regular gifts without writing a monthly check, have your bank automatically send your gift to Bethany. If you wish to explore this method of giving, please fill out the Letter of Agreement for electronic fund transfers and mail to the address above.

 

Stocks and Securities

When making a gift of long-term appreciated stock and securities, be sure to transfer ownership of the securities to Bethany. Do not sell the stock or securities on your own. This protects you from the capital gains tax on any appreciation.

For tax purposes, the tax ID for Bethany Theological Seminary is 35-2092595.

To make a gift of stock, please follow these instructions:

  1. Ask your broker to wire transfer your stock gift by DTC to the Bethany Theological Seminary account at Charles Schwab.
                 Charles Schwab: DTC #0164, code 40
                 Account Name: Bethany Theological Seminary
                 Account Number: 6538-3728
  2. Due to privacy laws, many brokerage firms will not release the name of the donor who initiated the transfer. Therefore, in order to properly credit your donation, please email giving@bethanyseminary.edu to inform us of the name of the stock as well as the number of shares and how you would like the gift to be used.

 

Transfer of Appreciated Property

If you hold property that has appreciated well since you acquired it—perhaps stocks, perhaps real estate—there may be a significant income tax advantage in using those assets to make a gift. In most instances you are able to take a full income tax deduction for the market value of the asset but do not need to recognize the capital gain as you would if you sold it. If you have interest in exploring this kind of gift, please contact us at giving@bethanyseminary.edu or 765-983-1823.

 

Transfer from IRA

Since 2006 Congress has periodically authorized charitable giving by direct transfer from the donor’s IRA. In common parlance it has somewhat imprecisely been referred to as a rollover, but technically is a qualified charitable distribution (QCD).

From year to year there have been minor variations in procedures and criteria, and it always came with a termination date. In January 2015 the provision lapsed, and for most of 2015 there was no assurance it would be reinstated. However, on December 18, 2016, Congress finally passed and the president signed a tax extender bill that reinstates the QCD retroactively for 2015 and permanently into the future.

This process for charitable giving is available to donors age 70½ who have a traditional or a Roth individual retirement account. The QCD is not for everyone, even if they meet the age criterion, but if certain circumstances present themselves on your tax return, it can be very useful. Write to giving@bethanyseminary.edu or call us for a conversation about whether your tax situation could benefit from use of the QCD.

If you utilize this way of giving, please let us know the name and company of your IRA administrator.