Planned Giving

    We love and value CTS. Here’s why we have included CTS in our estate plans. 

    “Thriving communities need a central place where people of diverse beliefs can come together to talk in an open, community-based context. A real gem.” – John Mutz, former Indiana Lieutenant Governor, president of Lilly Endowment, Inc. and and served on the CTS Board of Trustees


    “I've been inspired by the many men and women who have been so generous to CTS throughout its long history. I could never match the contributions of the Butler or Irwin-Sweeney-Miller families. But I do feel like I've joined their company by making a legacy gift.” – Scott Seay, CTS Associate Professor of the History of Christianity and Director, Doctor of Ministry Program

    “Christian Theological Seminary is located on the property my family owned for many years. I grew up in the house now known as The Hospitality House, which CTS has beautifully restored. I will be donating to CTS to continue to make my former home a gracious residence for students to pursue their studies and give to the community.” – Alice O’Neal Dye, Indiana champion golfer and golf course architect

     

    Your planned gift honors the past and ensures the future of CTS. Join the CTS Legacy Society today!

    Benefits of including CTS in your estate plan

    • You serve as an example and inspire others to give
    • You support the future of the seminary you love
    • You leave a legacy that benefits CTS even after your lifetime
    • You join the CTS Legacy Society, a great cloud of witnesses

     
    Three easy steps to making a planned gift

    • Meet with Advancement staff to explore planning options and make sure your intentions are clear
    • Decide the amount and purpose of your gift to CTS
    • See your attorney or financial planner to reflect your gift in your wishes

     
    Planned gifts can take many forms: bequests in your will, gift annuities, charitable remainder and lead trusts, insurance, endowed gifts, and gifts of real property. See below for general guidelines, then confirm your plans with your attorney or financial advisor.

    Bequest

    A bequest is simply a gift to CTS that is spelled out in your will or revocable trust, and given to CTS when you pass and your estate is settled.

    Benefits of a bequest

    • It is the simplest way to make a planned gift. You can specify to give a percentage of your estate, a dollar amount, or a specific asset, such as a piece of real estate or a retirement account.
    • Your estate realizes a charitable tax deduction, which can lower the impact of taxes for your family.


    Charitable Gift Annuity or Trust

    Certain types of charitable gifts provide income to you (and your designated beneficiaries, if you choose) or allow you to stay in your home while you are living, then become gifts to CTS after your death. Other types of gifts generate income to CTS for a certain time period, then revert to you or your heirs.

    These may take the form of:

    • Charitable Gift Annuity
    • Deferred Gift Annuity
    • Charitable Remainder Trust
    • Charitable Lead Trust
    • Increasing Payment Lead Trust
    • Retained Life Estate

     
    Benefits of a Charitable Gift Annuity or Trust

    • You can retain your financially secure lifestyle
    • You can realize a number of tax benefits while you are still alive, including charitable gift tax deductions and the deferral of capital gains taxes
    • You can lower estate taxes for your heirs


    Gift of Retirement Assets

    The value of your retirement savings stays intact if you leave them to CTS, which does not pay taxes on gifts such as an IRA. Your heirs may pay taxes of up to 60 percent of the value of the assets. Your estate receives a tax charitable deduction for the gift.

    Gift of Insurance
    Name CTS as the beneficiary of your life insurance policy or transfer a complete policy to CTS. Depending on the type of policy, you may be able to take an income tax deduction now.

    Thank you for considering a planned gift!

    To review options for giving that align with your wishes for CTS as well as your own estate planning, please contact Sarah Lund, Vice President for Advancement, via email at slund@cts.edu or phone at 317-931-4214.

    Note: The information on this website is not legal or tax advice. Before finalizing your estate plans, consult an attorney and/or a tax and financial advisor.