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Charitable IRA Rollover

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Your Legacy will be an Avonian's Future
 

Charitable IRA Rollover

Consider gifting from your IRA directly to Avon Old Farms School.  This will count towards your annual IRA distribution, allowing donations of up to $100,000 with no tax obligation to you.

WHAT YOU NEED TO KNOW

To make an Ira rollover:

  • You must be at least 70 ½ at the time of the gift.
  • The transfer must be made directly from the IRA to Avon Old Farms School. (If your account has check writing abilities you may use this feature of your account.)
  • The maximum total giving is $100,000 per person, per year. (not $100,000 per charity, per year)
  • No charitable deduction will be realized through this type of gift.  The tax savings are through the avoidance of income tax on this type of donation.

To make your gift via an IRA rollover:

  • On your plan’s website download the specific form for an IRA rollover or contact your plan administrator and have the form sent to you.
  • Notate the tax ID 06-0655480, and legal name – Avon Old Farms School, Inc.
  • Inform Avon Old Farms of the designation of your gift. Also indicate on your plan form your gift intent and instructions to include your name as the donor.
Checks should be sent to:
Avon Old Farms School
Attn: Sarah Wallace
500 Old Farms Road
Avon, CT  06001

Questions? Please contact Sarah Wallace, Planned Giving Manager, at 860-404-4267, or wallaces@avonoldfarms.com.