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Phillips Academy Giving

Charitable IRA Rollover legislation is made permanent!

What does this mean?
A gift from your IRA directly to Phillips Academy will qualify toward your annual IRA required minimum distribution, allowing you to donate up to $100,000 of the distribution while avoiding taxation on the distribution.

Criteria to know:
  • A donor must be at least 70 1/2 years of age when the gift is made.
  • Transfer must be made directly from the IRA administrator to Phillips Academy; individuals with check-writing ability for their IRAs may use this feature to complete their gift.
  • The maximum giving with this vehicle is $100,000 per person ($200,000 for a couple) per year, not $100,000 per charity.
  • This opportunity applies only to IRAs, not other types of retirement plans.
  • The charitable IRA distribution can be used to pay a pledge.
  • Contributions for life income gifts—such as gift annuities or charitable remainder trusts—do not qualify.
  • No charitable deduction will be realized, since the tax savings are reserved on the avoidance of income tax for the distribution.
Steps to take to make a Charitable IRA Rollover gift to Phillips Academy:
  • Contact your IRA plan administrator for its specific transmittal form or use our form to request a gift transfer from your IRA to Phillips Academy.
  • Inform us of your plan to make this gift and of the designation of your gift. The easiest way to do this is by:
    • sending an e-mail to either of the addresses below with your name, contact information, IRA administrator name, gift amount, and designation information
Questions, letters, and e-mails to Grace E. Curley ’81, director of gift planning, or Connie Pawelczak, associate director of gift planning, at:

Phillips Academy
180 Main Street (McKeen Hall)
Andover, MA 01810
978-749-4281 (Grace)
978-749-4529 (Connie)
978-749-4308 fax
gcurley@andover.edu
cpawelczak@andover.edu