Give part or all of an IRA
Give Part or All of an IRA
Give Part or All of an IRA (for those over 72)
Example: Jeff, who is 73, has a large IRA. He knows that except for 2020 he must withdraw a required minimum distribution from that IRA and pay taxes on the amount he withdraws. Jeff decides to have his IRA manager send his required minimum distribution (RMD), or some part of that distribution up to $100,000 a year, directly to TMI. Jeff knows he will avoid the taxes that he would otherwise have to pay on the amount he gives.For information on how to transfer a tax-free gift from your IRA, click here.
Have Questions?
For more information on ways to give to TMI or to find out how you can submit your gift to TMI, please contact our Advancement Department, at advancement@tmi-sa.org.
Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
MISSION: TMI provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.
NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS
TMI Episcopal admits students of any race, color, national and ethnic origin, sex, religion, and physical ability to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. The school does not discriminate on the basis of race, color, national and ethnic origin, sex, religion, and physical ability in administration of its educational policies, admissions policies, scholarship and financial aid programs, and athletic and other school-administered programs.
TMI Episcopal
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715
20955 W. Tejas Trail
San Antonio TX 78257
phone (210) 698-7171
fax (210) 698-0715