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Tax Benefits

Three Ways Uncle Sam Can Support Your Gift to Woodlands

Your generosity helps fuel the mission of Woodlands Academy, and there are smart, tax-wise ways to give. Whether you're planning your legacy or looking for immediate impact, here are three options that may benefit you and the school:

Give From Your IRA (Age 70½+)

If you are 70½ or older, you can donate up to $108,000 per year directly from your IRA to a qualified charity like Woodlands Academy through a Qualified Charitable Distribution (QCD).

  • Avoid taxable income – QCDs are excluded from your gross income.
  • Count toward your Required Minimum Distribution (RMD).
  • No need to itemize to take advantage.

For couples, each spouse can contribute from their own IRA — doubling the impact!
 

Donate Appreciated Securities

If you own long-term appreciated stocks, bonds, or mutual funds, consider giving them directly to Woodlands Academy.

  • Avoid capital gains tax on the appreciation.
  • Receive a charitable deduction for the full fair market value (up to 30% of your AGI).
  • Maximize your impact without affecting your cash flow.

Alternatively, you can contribute these assets to a Donor-Advised Fund (DAF) for immediate tax benefits and distribute grants over time.

Leave a Legacy Gift

Want to make a lasting difference? A bequest or other planned gift ensures that your support continues beyond your lifetime.

  • Gifts through wills, trusts, or beneficiary designations do not count toward your taxable estate.
  • You become part of our Mater Admirabilis Society, honoring those who include Woodlands in their estate plans.

Please consult your financial or tax advisor to determine which strategy is best for your individual situation.

To learn more about making a gift or legacy contribution, please contact Nikki Bonamarte, Chief Development Officer, at 847.234.4300 ext. 1034, or at nbonamarte@woodlandsacademy.org