Support
Planned Giving
“IRA Rollover” Gifts (QCD)
How It Works
- You are 70½ or older and instruct your plan administrator to make direct transfers to us and any other charities that, cumulatively, do not exceed $100,000 per year in the case of outright gifts or $50,000 in the case of transfers for a life-income plan. Both of these limits began being adjusted for inflation in 2024 and are now set at $105,000 and $53,000, respectively.
- Plan administrator makes transfer as directed to Woodberry
Benefits
- Your gift is transferred directly to Woodberry; since you do not receive the funds, they are not included in your gross income*
- The amount you transfer will count towards your mandatory distribution if you have attained the age when required distributions begin. That age, which had been 72, was raised to 73 for those who become 72 between January 1, 2023, and December 1, 2032, and 75 for those who reach the age of 74 after December 31, 2032.
- You support the programs that are important to you at Woodberry
*No income-tax deduction is allowed for the transfer.
More Information
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Dodie Chavez '85 Federal Tax ID Number: 54-0519590 |
Woodberry Forest School |
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Disclaimer
Woodberry Forest admits students of any race, color, sexual orientation, disability, religious belief, and national or ethnic origin to all of the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, sexual orientation, disability, religious belief, or national or ethnic origin in the administration of its educational policies, admissions policies, scholarship and loan programs, and athletic or other school-administered programs. The school is authorized under federal law to enroll nonimmigrant students.