Make a Smarter Donation
If you were born in 1949 or earlier, your donations could be saving you more on your tax bill.
Canterbury School donors who are 70.5 or older are eligible to make tax-free donations from their IRAs, known as Qualified Charitable Distributions (QCD), regardless of whether they itemize deductions on their tax returns.
How it works:
- Use this free tool to calculate an estimate of how much you are required by law to withdraw from your IRA this year. It will also give you a sense of how much that withdrawal will increase your tax bill and how much of a tax penalty you'll incur if you don't withdraw those funds.
- Choose how much of that sum you'd like to donate to Canterbury School as a tax-free QCD gift.
- Follow the personalized instructions based on which financial institution manages your IRA, and then sit back and relax in the knowledge that you've both supported a challenging, enriching, and supportive education and saved money on your tax bill.