"We do more than prepare students for the world that is: we help them bring about the world that ought to be."
Support Us
Planned Giving
Giving from Your 401k or IRA Retirement Plan
You've worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support Friends Seminary far into the future.
How It Works
- Name Friends Seminary as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
- Pass the balance of your retirement assets to Friends Seminary by contacting your plan administrator.
- Important! Tell Friends Seminary about your gift. Your plan administrator is not obligated to notify us, so if you don't tell us, we may not know.
70 ½ or older? Make a “Tax-Free” Gift Through Your IRA
- Qualified Charitable Distribution (IRA Rollover)
Note: The SECURE Act increased the MRD (Minimum Required Distribution) age from 70½ to 73. The age for a Qualified Charitable Distribution (QCD), however, still remains at 70½.
Benefits
- Continue to take regular lifetime withdrawals.
- Maintain flexibility to change beneficiaries if your family's needs change during your lifetime.
- Your heirs avoid the potential double taxation on the assets left in your retirement account.
Next
- More detail on retirement plans.
- Frequently asked questions on retirement plans.
- Contact us so we can assist you through every step.
Friends Seminary, the oldest continuously coeducational school in New York City, serves college-bound day students in Kindergarten-Grade 12.
