IRA gifts
Making a contribution to Gordon from your IRA can be a smart tax strategy, with benefits that are compounded for those aged seventy and a half who are interested in making a qualified charitable distribution. A gift to Gordon will help ensure that current and future students can receive the exceptional education that Gordon has provided to students for over one hundred years.
How it works
A qualified charitable distribution is a tax-free donation from an IRA to a qualified charity like Gordon.
Individual donors who are over age seventy and a half can give up to $108,000 annually to Gordon through a qualified charitable distribution (or $216,000 for spouses with separate accounts).
Individual donors who are over age seventy and a half can give up to $108,000 annually to Gordon through a qualified charitable distribution (or $216,000 for spouses with separate accounts).
Your IRA administrator can initiate the tax-free transfer. They should issue a check payable to “Gordon School” and mail it directly to:
Gordon School
45 Maxfield Avenue
East Providence, RI 02914
Attn: Philanthropic Engagement Office
Gordon’s tax ID is 05-0258876.
Please ensure your IRA custodian includes your name and address as the donor of record, and specifies the purpose of your gift (i.e., Gordon Fund, Endowment, Capital Campaign).
Please contact us if you have questions about directing your gift. We are here to ensure your contribution is used how you intend.
Benefits
There is no income tax on gifts from an IRA made to Gordon by people age seventy and a half or older.
Gifts from your IRA count toward the required minimum distribution for donors aged 73 and older.
Other uses of gifts from an IRA
IRA gifts may be used to fulfill multi-year gift pledges.
Your gift will go to supporting Gordon and its mission.
If you are uncertain how you would like to direct your gift, please contact Alexandra O’Connor, Director of Philanthropic Engagement.
Donors may also name Gordon as the beneficiary of all or a portion of their IRA. Your IRA administrator can help you with this.
Interested in learning more about planned giving?
For more information on planned gifts, continue to explore our website or contact Alexandra O’Connor 401-434-3833 x113 or aoconnor@gordonschool.org