“Through the gift of music, we seek to offer praise to God and adorn our worship with beauty. We believe firmly in the power of music to thin the veil between earth and heaven, giving the faithful a glimpse of the celestial banquet. Music is a special and powerful gift from God, and we offer our best back to him to glorify his name, and to bring our parishioners that much closer to the divine.”
— Scott Dettra, Director of Music
The Jalonick Web Family Fund of the Foundation subsidized the 2015 renovation of the church organ.
What tax deduction will donors receive for their planned gifts?
Your tax benefits will depend on several factors including the type of gift, the time at which it is made, whether it is outright or deferred or has any income payments. COTI advises donors to consult with their own advisors before making a planned gift. In general, here are some guidelines:
- Outright gifts generate a charitable deduction that is generally based on their fair market value
- Bequests do not generate current income tax deductions
- Life insurance distributions are not tax deductible. If you have made COTI the irrevocable owner and beneficiary of a policy during your lifetime you may deduct gifts that offset annual premium payments.
- The charitable deduction for a gift that returns income to you is based on the fair market value of the gift asset minus the present value of the income interest that you retain.
Will The Incarnation Foundation determine the value of gifts of tangible personal property for a donor’s income tax deduction?
No, this is the donor’s responsibility. The IRS requires that donors of artwork and collectibles secure an independent appraisal of the items to establish fair market value. The appraisal has to be related to the gift – an insurance appraisal won’t suffice.
Is The Incarnation Foundation a tax-exempt organization?
The Incarnation Foundation is a non-profit 501(c)(3) tax-exempt organization incorporated in the state of Texas.
What is the Federal tax identification number for The Incarnation Foundation?
The federal tax identification number is 75-222201.
Will The Incarnation Foundation serve as executor for an estate?
Due to potential liability and conflict of interest issues, COTI cannot serve as executor.
How can a donor notify The Incarnation Foundation about a planned gift?
Please let us know by emailing us. You can also notify us by mail by writing to:
The Incarnation Foundation | Church of the Incarnation
3966 McKinney Avenue | Dallas, Texas 75204
The purpose of this website is to provide you with information that is of a general nature only. For advice or assistance when considering a planned gift, we encourage you to consult with your attorney, tax professional or investment professional for advice concerning your individual situation and the consequences of your gift.