IRA Rollover

Are you a friend of Park over age 70½ with an IRA?

Would you like to support the school in a tax-wise way?

The Charitable IRA Rollover may be just the thing…
 
Now that Congress has made the IRA rollover permanent, you can make thoughtful contributions to Park, satisfy your required minimum distribution (RMD), and avoid income tax you would otherwise have to pay on mandatory withdrawals. This benefit is available to itemizers and non-itemizers and requires only a few simple steps.

Tax-Free IRA Rollover Permanently Extended

The Trade Facilitation and Trade Enforcement Act of 2015 made the “IRA Charitable Rollover” a permanent giving opportunity for qualified donors. Under this legislation, qualified donors may make outright gifts of up to $100,000 to charity from their IRA and avoid taxation on the distribution. For gifts to be counted toward the required minimum distribution (RMD) for 2016, transfers must be made by December 31, 2016.

To benefit from this gift opportunity, the following qualifications must be met:
  • Donors must be age 70 ½ or older at the time of transfer.
  • The maximum amount a donor may transfer per year is $100,000.
  • The gift must be outright. Gifts to donor advised funds or to life income vehicles do not qualify.
  • The gift must be transferred directly from the IRA account by the IRA administrator to Park. Donors with check-writing ability for their IRAs may use this feature to complete their gifts.
 
For more information, please contact:
Carolyn Hoyt Stevens ’81, Director of Development at 716.839.1243 x104 or cstevens@theparkschool.org

Thank you!
Founded in 1912, The Park School of Buffalo has the distinction of being one the oldest Progressive schools in the country. Park is an independent, co-educational school serving approximately 300 students enrolled in prekindergarten (3 and 4 year olds), lower school (kindergarten through grade 4), middle school (grades 5 through 8), and upper school (grades 9 through 12). Park is uniquely situated on 34 beautiful acres in Amherst, New York. The School’s campus – formerly a farm – includes a pond, marsh, gardens, and a greenhouse while being located just minutes from downtown Buffalo and easily accessible from many communities throughout Western New York. Park’s educational philosophy embraces active, student-centered learning, delivered by exceptional teachers who design and continuously update a robust curriculum. Faculty members approach each student as an individual within the context of a kind and respectful community. From the preschool years through college preparation, The Park School of Buffalo helps learners realize their own unique potentials and prepares them to be confident, successful, life-long learners.

The Park School Of Buffalo

4625 Harlem Road
Snyder, NY 14226
Receptionist: 716-839-1242
Voicemail: 716-839-1243
Fax: 716-839-2014
CONTACT US     DIRECTIONS