Required Minimum Distribution from an IRA

Benefits:

• You can make a significant gift of current cash directly from your IRA.
• You receive IRS "credit" for the amount of your gift against your Required Minimum Distribution.
• You do not have to recognize the gift as income and do not pay taxes on it.

How this works:

1. Contact your IRA administrator (in writing) and ask the administrator to cut a check to Canterbury School.
2. Have the administrator mail the check or send the gift directly to us or to you to deliver to us - just make sure the check is made out to Canterbury School and NOT to you.
3. Notify us that you are sending an IRA distribution to us.

If you would like to learn more about these kinds of gifts of if you would like to see a confidential example designed specifically for you, please send an email to mperry@canterburyschool.org.