Make A Contribution
Ways you can make a significant impact on Dallas Lutheran School’s future!
Gifts of Cash
Outright gifts of cash are fully deductible up to 50% of your adjusted gross income if you itemize your tax return.
Gifts of Securities
You can take a tax deduction for the full fair market value of the securities at the time you make your gift. You can avoid capital gains tax that would be due if you sold your securities.
Gifts by Will
There is no impact on your current financial picture since a will has no effect on your estate until you die. Outright bequests are fully deductible in computing your estate taxes and may reduce the tax burden on your estate. You should discuss with your professional financial advisor the comparative advantages of the charitable trust options discussed above.
Gifts Through Life Insurance
Life insurance gifts are simple. (Your insurance company can provide the appropriate form to make DLS the owner or beneficiary of a policy).
In-Kind Gifts
A charitable deduction may be available for the fair market value of in-kind gifts of goods or services used in a capital project.
Charitable Remainder Trust
You receive an annual income from the trust at a rate chosen by you (a minimum of 5%). An income deduction is allowed for the value of the charitable remainder, and gift and estate tax deductions are also allowed. You avoid capital gains tax on appreciated assets in the trust.
Charitable Lead Trust
This type of trust allows you to save taxes, and benefits both you and the school. Income interest in the trust is paid to the school for a specified number of years and the remainder interest reverts to a non-charitable beneficiary (loved ones) designated by you. Substantial estate tax savings may result.
Charitable Remainder Annuity Trust
You receive fixed payments for you and your spouse (based on your ages when you fund the annuity). You will receive as income a fixed percentage of the initial contribution of the trust assets for life or for a fixed term up to 20 years.
Real Estate
Gifts of appreciated real estate that qualify as long-term capital gain property may provide a charitable deduction for the full market value of the property, limited to 30% of your adjusted gross income, with any excess carried forward for up to five tax years. For short-term capital gain property, the deduction is limited to the property’s tax basis or cost. An appraisal and Phase 1 Environmental Study will be required.
Matching Corporate Donations
Many corporations and businesses will match charitable contributions made to a non profit charitable trust or organization. Please consult your employer to see if such a program exists.
Matching Thrivent Dollars
By participating in this unique, member gifting program, your financial gifts to DLS are supplemented by Thrivent Financial. (Currently $1 for every $2 up to $600.00 donated per member per calendar year)
Good Neighbor Programs
Many businesses such as Tom Thumb (#678), Office Depot, Albertsons, Kroger, and Wal-Mart donate a percentage of individual customer’s purchases to a designated charity. Customers need only to designate our school as their charity and we will receive rewards based on your purchases.
For more information on these and other ways of supporting Dallas Lutheran School please contact Jim Rader. 214-340-8912 ext 102 or jimrader@dallaslutheranschool.comSign up with Schoolpop. You can help your school earn contributions all year long by shopping at hundreds of name-brand merchants and service providers online, in stores, through catalogs, with gift cards or with the Schoolpop Visa credit card. Download more information.