Charitable IRA Rollover

Are you a WMS/SMS supporter over 70½ years of age with an IRA? Would you like to contribute to the School in a tax-wise way? If so, the Charitable IRA Rollover may be right for you. Now that Congress has made the IRA rollover permanent, you can make thoughtful contributions to WMS, satisfy your required minimum distribution (RMD), and avoid income tax you would otherwise have to pay on mandatory withdrawals. This benefit is available to itemizers and non-itemizers and requires only a few simple steps.

Tax-Free IRA Rollover Permanently Extended

The Trade Facilitation and Trade Enforcement Act of 2015 made the “IRA Charitable Rollover” a permanent giving opportunity for qualified donors. Under this legislation, qualified donors may make outright gifts of up to $100,000 to charity from their IRA and avoid taxation on the distribution. For gifts to be counted toward the required minimum distribution for 2016, transfers must be made by December 31, 2016. Click the button on the right to download a sample letter to help facilitate this tax-wise way to support WMS/SMS and take advantage of tax-free distributions.

If you would like to discuss this giving option further, please contact Scott Hunt, Director of Development & Alumnae/i at 603.444.2928 x249 or scott.hunt@whitemountain.org.

To benefit from this gift opportunity, you must meet the following qualifications:

  • The donor must be 70½ or older at the time of transfer.
  • The gift must be outright. Gifts to most donor advised funds or life income vehicles do not qualify.
  • The gift must be transferred directly from the IRA account by the IRA administrator to WMS. Donors with check-writing ability for their IRAs may use this feature.

Thank you — your support of WMS/SMS helps every student, every day!
Any information concerning giving options or their tax benefits, on this website or otherwise, provided by The White Mountain School is of a general educational nature only and does not constitute, or substitute for, legal advice. Please seek competent legal advice regarding how any gift to the school might affect your personal situation.

THE WHITE MOUNTAIN SCHOOL

371 West Farm Road  •  Bethlehem, New Hampshire 03574  •  603.444.2928
Founded in 1886 and set in the beautiful White Mountains of northern New Hampshire,
The White Mountain School is a coeducational college-preparatory boarding and day
school for students grades 9-12/PG.