Make A Gift From Your IRA
Federal law allows people age 70½ or older to make direct transfers up to $100,000 per year per person to charitable organizations from their Individual Retirement Account (IRA), without the withdrawal being treated as taxable income. The withdrawal can be counted toward your Required Minimum Distribution (RMD).
Q. From which accounts can I make transfers?
A. Transfers must come from your IRA, made payable to Servite High School. 401(k), 403(b), and other retirement plans do not qualify. Ask your advisor about transferring funds from these other accounts to an IRA.
Q . How do I make my gift?
A. Contact your IRA custodian and follow their procedures to request a “Qualified Charitable Distribution.” The check must be accompanied by your name and address information in order for you to receive a written acknowledgement from us.
Please provide the recipient information below to your custodian, along with our Tax ID# 95-2023055. Please direct your check, drawn on your IRA account and made payable to
Servite High School
1952 W. La Palma Avenue
Anaheim, CA 92801
Q. Do I need to notify Servite about my QCD?
A. Yes, to insure your receiver proper acknowledgement, please notify us at firstname.lastname@example.org when your gift is on the way and provide the following information:
- Gift amount
- Your name and address
- Name of the financial institution sending your gift