Gifting appreciated securities to Wooster is simple. To initiate a stock transfer, donors may follow the instructions listed below.
Contact Wooster School:
Send an email to Shannon Prohaszka at email@example.com . In your email, please indicate your name and donation designation so we can promptly and accurately acknowledge your gift. Once you have made contact with the Development office, then proceed with contacting Vanguard per below.
For Delivery Of Securities Through DTC:
Vanguard Brokerage Services(R) – DTC ID number is 0062
For the benefit of Wooster School Corp., Account # 29483987
For Delivery Of Physical Securities:
Vanguard Brokerage Services 400 Devon Park Drive Wayne, PA 19087
Reference Account # 29483987 Wooster School Corp
Questions for Vanguard may be directed to (800) 992-8327.
In addition to the income tax savings and the avoidance of capital gains tax, the donor also receives the benefit of knowing that his or her contribution is making a lasting impact on current and future Wooster students. By investing in the mission of Wooster, donors are helping educate the leaders of tomorrow, preparing ethical and skilled decision makers who are motivated to leadership and service. Like few of its peers, Wooster serves a significant portion of students who require some form of financial assistance. Wooster's dedicated alumni body attests to its success in adding significant value to the lives of its students. Less tangible than material success, however, Wooster's real strength is visible in the transformed lives of the individuals it serves. Providing the skills necessary to live principled, decent lives, Wooster strives to imbue students with a rich value structure. Thus, benefactors share in the vital educational work of Wooster creating a just and peaceful world.
Did you know that if you are 70 ½ years of age, you may arrange for a direct transfer to the Wooster School from your IRA, known as a IRA Charitable Rollover? The sum counts toward your required minimum distribution and the benefit to you is there is no federal income tax on the withdrawal. Don’t forget you have QDC (Qualified Charitable Contributions) as well as RMD (Required Minimum Distributions) that can create such an impact for our Wooster Generals. Consult with your financial planner or tax advisor!
A qualified charitable distribution from an IRA is a good way for IRA owners age 70½ and over to support our work. It’s easy to do.
Instruct your IRA custodian to make a distribution directly to our organization.
Although there is no tax deduction, the distribution is excluded from your income for federal tax purposes—no tax is due!
Up to $100,000 of your gift (annual aggregate limit) qualifies for this favorable tax treatment.
Your gift makes an immediate impact.
A qualified charitable distribution from an IRA counts toward a donor's required minimum distribution (RMD) if one is due. Contributions to your IRA after age 70½ can impact the amount eligible for a tax-free transfer.