If you donate securities, you may be able to eliminate capital gains tax and still earn a tax deduction. Please notify the Advancement Office if you plan to give stock to inform us of the stock name and number of shares to be transferred, or have questions about how to complete the transaction.
Please contact Daphne Viders in the Development Office at firstname.lastname@example.org or 914-244-1293. If using a wire transfer, Daphne will provide detailed instructions.
You have the opportunity to enhance your tax savings by making your gift directly from your IRA.
The IRA Charitable Rollover has been made a permanent feature of the tax code. Here’s how the provision works:
Individuals 70 1⁄2 years and older can make gifts up to $100,000 directly from an IRA to charities such as The Masters School without having to report the distributions as adjusted gross income on their income tax returns.
Distributions must be made from a traditional IRA or a Roth IRA. Distributions must be payable directly from the IRA custodian to The Masters School. Your IRA custodian will supply a special form to effect the transaction.
The charitable distributions count toward meeting your Required Minimum Distribution (RMD) for the current tax year – reducing the amount of your taxable IRA withdrawals.
By avoiding the inclusion of the IRA withdrawal as adjusted gross income, you can avoid higher taxes on Social Security benefits, higher Medicare premiums, higher tax brackets and surtaxes on investment income.
Please consider allocating a portion of your 2018 Required Minimum Distribution to fund your Annual Fund gift. Be sure to consult with your tax advisor before taking any action. Contact Ryan Smith at 914-244-1291 or email@example.com if you have any questions.
Remembering Rippowam Cisqua in your estate planning helps assure a brighter tomorrow for the School.
The 1917 Society was established in memory of Rippowam Cisqua’s earliest leaders and the year of the School’s founding; it honors those alumni, faculty, parents, and friends who have chosen to ensure the future of RCS by providing for the School in their estates and/or by establishing planned gift arrangements that benefit RCS and themselves. All donors, whether through a bequest provision or a life income arrangement, are automatically granted membership in the 1917 Society.
You can remember Rippowam Cisqua through a simple provision in your estate. Whether giving through your will, living trust, life insurance policy, or a qualified retirement plan, you should make your designation for “Trustees of Rippowam Cisqua School, a charitable and educational institution in Bedford, New York.”
For more information, please contact Ryan Smith, Director of Advancement, at firstname.lastname@example.org or (914) 244-1291.
Rippowam Cisqua School is a PreK-Grade 9 independent day school in Westchester County, New York. RCS offers challenging academics built on innovation, fine and performing arts, competitive athletics, wellness, leadership, service learning, and a wide selection of extracurricular activities.