IRA Charitable Rollover Option

One convenient way to financially support Wayland Academy is directly from your IRA. This option is only for those IRA owners who are 70½ and older and must be made directly from your IRA to Wayland. These gifts DO NOT count as taxable income and are NOT tax deductible. To the extent that this material concerns tax matters, it is not intended or written to be used as tax advice. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

Here are some other requirements for making an IRA charitable rollover gift:
  • No material benefits can be received in return for the gift.
  • Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer for the year.
  • The gift can be made only from an IRA. Gifts from 401(k), 403(b), 457 plans, simple IRA plans and simplified employee pension (SEP) plans are not permitted.
This may be the right gift for you to make if:
  • You want to see the immediate impact your gift has on Wayland Academy.
  • You want to make a charitable gift and your IRA includes available assets.
  • You do not need additional income created by your required minimum distribution.
Here are the steps to make this type of gift:
Contact your IRA Plan Administrator and instruct them to transfer the funds directly to Wayland Academy. Gifts can be sent to:

Office of Advancement
Wayland Academy
101 North University Avenue
Beaver Dam, WI 53916-9983

You can also download the following letter and mail it to your IRA Plan Administrator for specific directions.

Qualified Charitable Distribution Sample Letter (Download)

Wayland Academy’s tax identification number is 39-0806363.

If you would like assistance or have any questions please contact Tyler J. Ratajczak, Leadership Gift Officer, at tratajczak@wayland.org or (920) 356-2120 x.282