IRA Rollover
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For more information about gift planning or a gift illustration demonstrating the benefits to you:

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Carrie E. Ogami, J.D.
Director of Gift Planning
giftplanning@punahou.edu 808.944.5845 Tel
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IRA Charitable Rollover

Are you looking for a way to make a big difference in furthering Punahou?s mission? If you are 70-1/2 or older, you may also be looking for a way to lower the income and tax consequences of the distributions from your individual retirement account (IRA). An IRA charitable rollover gift is one way to accomplish both.

IRA Charitable Rollover
IRA (Custodian)
Punahou
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 (up to $200,000 for married couples) from your IRA to Punahou School
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts
  • Help further the work and mission of Punahou School

How an IRA charitable rollover gift works

  1. IRA account holder must be at least age 70-1/2 at the time the distribution is made to the charity;
  2. Distribution must be made directly from the IRA custodian to the charity;
  3. Combined total gift cannot exceed $100,000 per donor per year; and
  4. Goods or services cannot be received by the donor in exchange for the IRA gift.
Download our brochure, "Gifts from Your IRA to Punahou."  

Contact us

If, after talking with your professional advisor, you decide to make a charitable gift from your IRA, please contact this office for a sample letter of instruction to your IRA custodian. Your IRA gift can support Punahou School generally or the particular area or program most important to you. We would be happy to assist you and answer any questions you might have.

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