When you give stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit: 1) You receive an income tax deduction for the full, present, fair market value of the assets and 2) you may completely avoid capital gains tax on the appreciation of the assets. This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. 

A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding SNU.

You can download a sample letter for your IRA administrator here to start the distribution process. You may also be able to request a qualified charitable distribution through your online account portal.

Transfer ownership now:

To make an impact on the mission today, irrevocably designate Southern Nazarene University as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy value.

If your policy is not yet paid up, you will make contributions of cash to SNU to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.

For more information, contact Heather Fairbanks, Associate VP for Advancement at:
(405) 491-6617 or hfairbanks@snu.edu.

Name us as a beneficiary:

You can name Southern Nazarene University as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, SNU will receive the proceeds of your policy when you pass away. You can change your beneficiary at any time.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator. If the policy value is $10,000 or more, beneficiary designations are one way to join the AM Hills Legacy Society.

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support SNU. The tax benefits of the gift depend on whether SNU can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.