Tax Benefits

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 return.

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:

  • Expanding your philanthropic ability

  • Providing income tax savings through the charitable deduction

  • Avoiding capital gains tax

  • Increasing current or future spendable income

  • Simplifying the management of financial resources

  • Reducing 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.

We hope you will join the many others who are making these and other works of Saint Meinrad possible. Your gift is important to our mission. You can donate online right now.

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