IRA Giving

Your gift will be put to use today, allowing you to see the difference your donation is making in the lives of current students.

Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).

You pay no income taxes on the gift.  IRA qualified charitable distributions are excluded from gross income for federal income tax purposes on your IRS Form 1040.

You must be 70½ or older at the time of the gift.

Distributions must be made directly from a traditional IRA account by your IRA administrator.

Gifts must be outright, meaning they go directly to the Academy of Holy Angels.  Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.

Gifts from 401(k), 403(b), SEP and other plans do not qualify.  Ask your financial advisor if it would make sense for you to create a traditional IRA account so you can benefit from an IRA Qualified Charitable Distribution.

Talk to your tax advisor to see if a donation from your IRA is right for you.

Contact your IRA plan administrator and request a qualified charitable distribution from your account to the Academy of Holy Angels.  Often, a request form is available through your plan administrator’s website.