MEET THE TEAM

List of 3 items.

• Wire Transfer Instructions (Send cash securely)

  Contacts:
  Business office Main Line - 804.726.3295
  Jenn Quindozza, Controller - 804.741.9754
  
  RECEIVING BANK:
  Truist Bank
  Contact: Mitch Hassell (804) 787-1103
  
  Mailing and Physical Address:
  919 East Main St., Floor 7, Richmond, VA 23219
  
  Collegiate School Bank Account Information (Gift Account)
  Account Number: 5236 369 163
  ABA: 0514-04260

• Gifts of Securities (Stocks, Bonds and Mutual Funds)

  DAVENPORT ACCOUNT NAME & INFORMATION
  Account Name: Collegiate School

  Tax ID #: 54-0528203
  Pershing

  DTC#: 0443

  Acct#: DA4001602
  
  

  RECEIVING BROKERAGE FIRM
  

  Davenport & Company, LLC

  Contact: Ginny Wortham Kehlenbeck, 804.780.2125
  Mailing Address: P.O. Box 85678 Richmond, VA 23285-5678
  Hand Delivery Address: 901 E. Cary Street, 11th Floor Richmond, VA 23219
  
  _{Please note that some mutual funds are not DTC eligible. The Development Office is happy to assist you with the gifting of non-DTC eligible mutual funds. Please call us to discuss:  (804) 741-9706.}

• IRA - Qualified Charitable Distributions (If you are 70½ or older, own an IRA and donate to charity.)

  If you are age 70 ½ or older, the IRS requires you to take a required minimum distribution (RMD) and report this distribution as taxable income. If you would like to make a gift to Collegiate that satisfies your RMD and is not reportable on your taxable income, a qualified charitable distribution (QCD) is now allowed under the Protecting Americans from Tax Hikes (PATH) ACT of 2015 and a permanent part of the IRS Code. Collegiate does not offer tax advice. Please consult your tax advisor regarding your specific situation.
  
  

  • You must be at least 70½ years old on the date of the distribution.
  • Only IRA owners are qualified (no 401(k), 403(b), 457, etc.).
  • QCDs count toward your required minimum distribution (RMD).
  • QCDs are excluded from federal taxable income.
  • You cannot claim a deduction for federal tax purposes.
  • QCD distributions are limited to $100,000 in aggregate during each taxable year.
  • Only direct transfers from IRA to qualified public charities (no donor-advised funds or family foundations).
  • A QCD cannot be used to fund an income-producing charitable vehicle such as a charitable remainder trust or a gift annuity.
  • Your custodian must transfer the funds directly to Collegiate – you may not receive the distribution first and then transfer it.
  • The distribution must be made on or before Dec. 31 of the tax year.

  
  

  NOTE:  The new SECURE ACT (Setting Every Community Up for Retirement Enhancement) was signed into law on December 20, 2019. The law increased the mandatory required minimum distribution age to 72 for anyone who had not attained 70 ½ by the end of 2019.
  
  

  It did not change anyone’s ability who is 70 ½ or older from making a distribution from their IRA directly to Collegiate.