BW Has Good News to Share with our Alumni and Friends 70 1/2 years young!

Late last year Congress re-authorized the IRA provision allowing tax-free gifts from your qualified plan to Baldwin Wallace University.  You have a new source of tax-advantaged funds to use to make a gift in 2011.  If you're 70 1/2 or older and do not need your withdrawals from your IRA, your charitable giving just got easier!

An easy way to start an IRA Charitable Rollover is to send an email to your IRA Custodian.  You may wish to check their website for the correct email address.  


You may use this sample letter as your template:

Dear IRA Custodian,

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, effective from January 1, 2010 to December 31, 2011, permits a rollover directly from an IRA to a qualified charity.  As the owner of IRA account # __________________________________ that is in the custody of your organization, I request that you transfer from that account the sum of $ ______________________ to __________________( BW or other charitable organization of your choice), c/o Development Office, 275 Eastland Road, Berea, OH  44017.  The Treasury Tax ID Number for ______________________ (BW's is 34-0714629 or other charitable organization - you'll need to contact them for the information.)

It is my intention to make a Qualified Charitable Distribution (QCD) to _________________ (charity) from my IRA, which may fulfill part of all of my IRA required minimum distribution for this year.

This letter is sufficient authorization for you to make the QCD gift.  However, if you require any further documents, please promptly contact me via email at: _____________________ or call me at __________________.

Thank you for your attention to this matter.

John A. Baldwin
(Your signature as IRA Owner)

Want to talk to someone to help you think through this gift opportunity?  Please contact Tom or Mike - we're here to help.
  Tom Konkoly
(440) 826-3460
(888) 292-2586


  Mike Walczak
(440) 826-3558
(888) 292-2586



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