Besides the philanthropic advantages of supporting Saint
Meinrad, there may be tax benefits as well.
Indiana residents are entitled to a tax credit equal to 50
percent of the total of their annual gifts to institutions of
higher education in Indiana. This is valid on gifts of up to $200
for an individual, or $400 for a couple filing a joint tax
For example, a couple making an annual gift of $500 to the
Seminary and School of Theology can have $200 of their gift
refunded to them at tax time. Simply file Indiana Form CC-40 (we'll
be happy to provide you one).
Of course, your charitable gift to Saint Meinrad Seminary and
School of Theology also qualifies as a tax deduction on your
federal tax return.
For planned gifts, the benefits may include:
your philanthropic ability
income tax savings through the charitable deduction
capital gains tax
current or future spendable income
the management of financial resources
the costs and time of ultimate estate settlement.
Check with your financial or legal advisor for the most
up-to-date information on charitable gifts, or contact Saint
Meinrad for additional information.