The Stegall Seminary Scholarship Foundation is a 501(C)(3) non-profit foundation, and all gifts are tax deductible.
Please use our online donation form here.
We accept online donations using PayPal, credit, or debit cards.
IF YOU PREFER TO MAIL YOUR DONATION, OR MAKE A RECURRING GIFT:
Please click here for a donation pledge form you can sign and mail to us.
Contact us at stegallscholarship@gmail.com
Gifts for our Seminary students should be mailed to:
Dr. Karl K. Stegall
Stegall Seminary Scholarship Foundation
P. O. Box 241661
Montgomery, Alabama 36124-1661
Our tax identification number is 20-895-6069.
WAYS TO GIVE:
Donors have chosen many different ways to support our foundation.
- Checks or Cash: The vast majority of our donors are individuals or families that make gifts by means of checks. An increasing number are using bank drafts designating that a specific sum be sent to our foundation each month. We are also blessed to receive checks from churches, Sunday School classes, United Methodist Women, and United Methodist Men. Online donations are accepted via our website.
- Gifts of Securities: An increasing number of our donors are giving securities. Making gifts of appreciated stock can be more advantageous than giving cash. If an appreciated stock has been held more than one year, an individual donor can deduct the full market value in taxes, regardless of what that donor paid for the security.
- Gift Annuity: Donors who have selected a gift annuity have learned that it is a simple and easy way to make a gift to our scholarship foundation, receive a tax benefit, and provide a lifetime income for the donor.
- Real Estate: Donors have given us parcels of real estate that can be sold and monies deposited within our scholarship foundation.
- Insurance: Donors have given life insurance policies to us, simply naming our foundation as the beneficiary.
- Codicil to Will: A codicil is a legal document that makes minor changes to a last will, but leaves all of the other provisions untouched. Some of our donors use the provision of a codicil to include our scholarship foundation in their financial planning.
- Will: Some of our donors preparing their first wills, or who are making major changes in their wills, have chosen to include our scholarship foundation.
- Automobiles: Several of our seminary students have benefited from the gift of used automobiles.
- If you are 70 ½ years of age or older, you can give up to $100,000 annually from your Individual Retirement Account (IRA) directly to a non-profit organization like our Seminary Scholarship Foundation without having to pay income taxes on the money.
When making a gift to our foundation, there is no substitute for the professional advice of your financial advisor or CPA.
Thank you!