IRA Giving to Greenhills School

Use Your IRA to Make a Tax-Free Gift to the School

Exciting news that can help you plan a tax-effective strategy for your IRA distributions in 2006 and 2007 while you support Greenhills School.

The new Pension Protection Act lets you make an annual gift to charity from your IRA—entirely tax-free. And there's more good news: your IRA charitable distribution will satisfy all or part of your required minimum IRA distribution for the year. So you can use your IRA to make your charitable gifts this year and next year, and avoid tax on your required IRA distribution.

You can use your IRA charitable distribution to make your annual gift, satisfy your current pledge, or establish or add to a named scholarship or other permanent fund at Greenhills School.

• You must be 70 1/2 years of age
• Tax benefits apply for gifts up to $100,000 per person per year
• You can make these IRA charitable distributions in 2006 and 2007 only
• You must instruct your IRA Account Administrator to make the distribution directly to charity
• Only outright charitable gifts can be made (not life-income gifts such as charitable gift annuities)
• Your gift must be made to a public charity such as Greenhills (not to donor-advised funds or private foundations)

How to Make Your IRA Charitable Distribution to Greenhills

The Pension Protection Act provides that eligible IRA owners may obtain the tax advantages of making charitable distributions if the payments are made directly from the IRA account itself. You must instruct your IRA administrator to make a direct distribution to Greenhills School. Contact your IRA administrator to find out if they have a form you must use, or use our sample form.

Instruct the administrator to identify you as the IRA account owner/donor by name and address on its cover letter and send the distribution check to:

Please also inform the Development Office at Greenhills School that you are making an IRA charitable distribution by contacting Margarite Fourcroy, Director of Development at 734-205-4024 or by email at mfourcroy@greenhillsschool.org.

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