Popular tax-smart gifts

Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.

Stocks, securities and mutual funds

Many people choose to give stocks, securities or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.

Give appreciated assets now and enjoy the benefits, or add us as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.

Benefits

Gifts of assets can often save you far more on taxes than gifts of cash
Avoid all capital gains taxes
Receive an income tax deduction for the value of the assets (if you’ve had them for more than a year)
Make an immediate impact on our mission

How it works

Transfer appreciated securities directly to us (and avoid all capital gains taxes).
Receive a tax receipt for the value of the assets.
The securities are sold and the funds put directly to use for greatest impact.

Ask your broker to donate through:

RBC Wealth Management, 1015 West St. Germain, Suite 400, St. Cloud, MN 56301
DTC number: 0235
ACCT name: College of Saint Benedict

Tax ID#: 41-0969244
ACCT Number: 307-62884

Begin making a stock transfer gift

Share your intent to make a stock transfer gift and we will send transfer instructions with Saint Ben’s account information directly to your email.

Donate Stock

Notify Saint Ben's of an existing stock transfer

Notifying Saint Ben’s Advancement staff of any expected stock transfer gifts helps ensure proper documentation and acknowledgment of your contribution.

Notify CSB

Cryptocurrency

Donating cryptocurrency directly is a fast and secure way to make a tax-smart charitable contribution. Giving appreciated crypto assets helps you avoid paying capital gains taxes and can give you an income tax deduction for the full value of the gift.

Benefits

Potentially receive a federal income tax deduction equal to the full fair market value
Avoid paying capital gains tax on an appreciated asset
Make an immediate impact on our mission

How it works

Choose from any of the 100+ supported cryptocurrencies and make your donation.
Your contribution is immediately liquidated and the net cash proceeds directed to our organization.
The funds are put directly to use for greatest impact.

Cryptocurrency Gifts

We now accept Bitcoin and cryptocurrency donations! You can direct your gift through cryptoforcharity.io, which will allow you to make a tax-deductible gift of crypto that is converted to US dollars and sent to us so we can put your gift to work toward our mission.

Donate Crypto

Qualified charitable distributions from your IRA

A qualified charitable distribution (QCD) is a tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their individual retirement account (IRA). QCDs can count towards satisfying an individual’s required minimum distribution (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.

Who it’s for

Individuals 70 ½ or older
Those who have an individual retirement account (IRA) that is a traditional IRA, not a Roth IRA
Those who want to make a charitable gift that counts towards their required minimum distribution (RMD)
Those who want to reduce their taxable income

Benefits

Reduce taxable income
Counts towards your RMD for the year
Make an immediate impact on our mission

How it works

Instruct your IRA custodian to distribute up to $105,000 directly to one or more eligible charities.
The QCD counts towards your required minimum distribution.
The QCD is not included in your taxable income, which can reduce your overall tax liability. You will not receive a charitable income tax deduction for the QCD.

If you wish to make a qualified charitable distribution, contact your IRA custodian to get started.

Make your QCD gift quickly and hassle-free, today

In under 10 minutes you will be guided through the entire donation process, no sensitive information required.

Start a QCD

On December 29, 2022, the SECURE 2.0 Act became law. This legislation updates language from the 2019 SECURE Act and implements changes intended to strengthen the retirement system. This QCD tool is updated to reflect relevant changes.

Donor-advised funds

A donor-advised fund (DAF) allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian, and the donor can recommend grants to their preferred nonprofit organizations. Donors can contribute to the fund over time and recommend grants to charities at their discretion, providing flexibility in their giving strategy.

Benefits

Retain the flexibility to make grant recommendations over time
Receive an immediate tax deduction when contributing to your fund
Make an immediate impact on our mission

Submit your request to:

College of Saint Benedict
Tax ID#: 41-0969244

If you choose to support our organization, please contact us to let us know to ensure that you are properly acknowledged and that your grant gets put to use as you intend.

Donor-advised funds and other third-party gifts

Notifying Saint Ben’s Advancement staff of gifts through donor-advised funds, family foundations and other third-party options helps ensure that your contribution is properly documented and acknowledged.

Notify CSB

Real estate

Who it’s for

Those who own property that has appreciated in value and would result in a significant capital gains tax liability if sold
Individuals wanting to simplify their estate planning and reduce their estate tax liability
Those no longer using the property and want to avoid the expenses and hassles of owning and maintaining it

Benefits

Reduce estate tax liability
Eliminate ownership and maintenance expenses
Make a significant charitable gift in support of our mission

How it works

Contact us to let us know about your interest in donating real estate.
Obtain an appraisal of the property to determine its fair market value. This will help you determine the amount of your charitable deduction for tax purposes.
Work with us and your attorney to transfer the property ownership. This may involve executing a deed, transferring title and completing any necessary legal or regulatory requirements.
Claim your charitable deduction on your tax return for the year in which the donation is made.

Consult with a qualified estate planning attorney and tax professional to determine if this is the right option for you. Additionally, there are some restrictions on the types of property we can accept, so please contact us before you donate!

You can impact future generations

Generosity comes in many forms, and it’s often the best way for you to support important causes that matter the most in your life. When you give to the College of Saint Benedict, you help us make a difference.

Ardeth Harth Duthoy ’52 and Everette “Ev” Duthoy ’52’s story

Ardeth (Harth) and Everette “Ev” Duthoy are keen to make solid investment choices. That inclination translates to their commitments to the annual and endowment funds at the College of Saint Benedict, where they believe students not only receive a good education but “instructions for a good life.”

“It is our belief that a good education is everything you need to build a strong future,” Ardeth explains. She and Ev learned this first-hand, when they were students at the College of Saint Benedict and Saint John’s University and while they were preparing their own kids (Mark, Dale, Paula, James, Mary, Teresa, Samuel and Lisa) for college. “We owe CSB and SJU for the life we have,” offers Ev. “Our college experience wasn’t only about the education. We had fun, and we met lifelong friends.”

Ardeth and Ev graduated from Saint Ben’s and Saint John’s in 1952 – she pursued sociology, and Ev graduated with a chemistry degree and became a urologic surgeon. Today, they are happy to share the rewards of their life so that current and future CSB students can have the opportunity of a residential liberal arts education.

In honor of their deceased daughter, Teresa Jean Duthoy, the Duthoys have established an endowed scholarship. In addition, they make an annual contribution to the endowed and annual scholarship fund and have included Saint Ben’s in their estate plans, which will significantly enhance the Teresa Jean Duthoy Scholarship Fund and create a legacy that honors their daughter and their love of Saint Ben’s.

The Duthoy children also contribute to their parents’ commitment to education. Ardeth and Ev have asked their children to refrain from buying them gifts for holidays or birthdays, but to give to their Saint Ben’s endowment instead.

We’re here to help you meet your goals!

Our team would be happy to speak with you in confidence about your giving goals with no obligation.

Name: College of Saint Benedict Planned Giving Office

Title :Tara Maas Tessmer ’14

Schoenecker Commons
37 South College Avenue
St. Joseph, MN 56374

Phone: 320-363-5307

Email: csbplannedgiving@csbsju.edu

Already included us in your estate plan? Let us know

More ways to make an impact

Gifts in a will or trust

Donations in your will or trust are (by far) the most popular type of planned gift. Establishing a will or a trust allows you to plan for the future and take care of the people and causes that you care most about.

Learn more

Beneficiary designations

Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.

Learn more

Gifts that pay you back

Give assets while providing yourself or others with income for a period of time or distributions at a later date.

Learn more