OLD TRAIL SCHOOL MAGAZINE

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Development | Ne w sIRA Charitable Distribution Deadline December 31Time is running out for giving incentives benefiting individuals 70½ or olderIndividuals wishing to take advantage of a temporary lawallowing charitable distributions through their individualretirement accounts (IRAs) and Roth IRA accounts onlyhave a limited time left to make these gifts.The Pension Protection Act of 2006 allows individuals at least age70½ to make gifts to Old Trail and other qualified organizations withfunds directly transferred from IRAs — without paying taxes on thedistributions.These distributions count toward minimum required distributions.Transfers generate neither taxable income nor a tax deduction,so even those who do not itemize their tax deductions receive thebenefit. There are additional state tax benefits for Ohio residents.To make a charitable distribution from your IRA or Roth IRA to OldTrail School:• You must be age 70½ when you initiate the distribution.• The maximum amount you may transfer is $100,000 perindividual.• Contact your IRA Administrator and inform him or her that youwould like to make a charitable distribution from your IRA orRoth IRA account to Old Trail School. Ask your administratorto enclose a letter with your name stating it is an IRA charitabledistribution and send with a check directly to:Old Trail School2315 Ira Rd.PO Box 827Akron, OH 44210Attn: Amy Wong, Director of DevelopmentAs always, when making important financial decisions, weencourage you to consult qualified professional counsel to see ifa particular charitable gift is right for you.Contact Amy Wong at 330-666-1118 x 329 or awong@oldtrail.org with anyquestions or to let her know a distribution will be coming. Please provide thename of the plan administrator and the amount in your correspondence.Donor uses Pension Protection Act to make giftCarolyn Loudon Morgan ‘52 knew she wanted to make a gift to Old Trail School’s endowment. She had manyfond memories of the School and wanted to help future generations of students.Carolyn made provisions for this gift in herestate plans and became a member ofOld Trail’s 1920 Society, which recognizesindividuals who have included the School intheir estate plans.However, in 2006, Carolyn and herhusband, Dick, saw an opportunity toaccelerate the gift by taking advantage of atemporary federal tax provision that allowsdirect charitable rollovers from IndividualRetirement Accounts (IRAs).“When we heard about the benefits of usingour IRA to make a gift, we knew we wantedto take advantage of it,” Carolyn said. “Itexcites me to know that this gift will benefitOld Trail students now and that we can seeit put to use.”The Morgans took advantage of a temporarylaw through The Pension Protection Act of2006 that enables individuals aged 70 ½or older to make gifts to Old Trail and otherqualified charitable organizations using fundsdirectly transferred from their IRAs – withoutpaying taxes on the distributions. Thesedistributions count toward minimum requireddistributions, generate neither taxable incomenor a tax deduction, there may be additionalstate tax benefits for Ohio residents andcannot exceed $100,000.Time is running out to take advantage of thischaritable rollover provision that expires onDecember 31, 2007. For more informationon how you can use your IRA to make a giftto Old Trail, please call Amy Wong, Directorof Development, at 330-666-1118 x 329 orawong@oldtrail.org.Carolyn30THE OFFICIAL PUBLICATION OF OLD TRAIL SCHOOL25
Development | Ne w sM e m o r i a l &Tribute GiftsIn Memory of Avereal RheaDr. and Mrs. Richard JosephsonIn Memory of Don ParksMr. and Mrs. Charles E. Chandler(Mildred Bronson ‘43)In Memory of Jay W. ShulanDrs. David (‘69) and Mollie ShulanIn Memory of Susan PavloffMrs. Nicholas HubiakMrs. Kathryn M. Hunter(gifts as of 9-30-07)Annual FundOld Trail Charitable GiftAnnuity ProgramCharitable gift annuities are ideal for individuals who want to support Old Trail, whilemaintaining or increasing their current income. Charitable gift annuities benefit both thedonors and the School — providing a reliable and fixed income for the annuitants and futureendowment income for Old Trail.Charitable gift annuities have many additional benefits.• They are simple to establish.• Rates are fixed. Once a charitable gift annuity is established, the rate remains constantand is not impacted by market fluctuations.• Payments are made to the annuitant(s) for life.• Gift annuities established with appreciated securities receive favorable capital gainstreatment. The gains are spread over the life expectancy of the annuitant(s).• The donor(s) receive a charitable deduction in the year of the gift.• They are a great way to help Old Trail.To see how you could benefit from a charitable gift annuity, contact Amy Wong, Director ofDevelopment at awong@oldtrail.org or at 330-666-1118 x329.Annual Fund donations areunrestricted gifts depositeddirectly into the School'soperating budget and areused to help offset the cost ofimportant programs and basicday-to-day functions that makeOld Trail stand above and apartfrom other elementary andmiddle school institutions.Donor Celebration — 50’s StylePoodle skirts and leather jackets may have been optional but a great evening was a certaintyas some of Old Trail’s 2006-07 Leadership Donors gathered to celebrate a great fundraisingyear. OTS grandparents Fran and Ed Kuchar hosted the event at their corporate headquartersin Macedonia featuring their restored 1950’s Silk City Stainless Diner.$430,000$400,000$350,000$300,000$250,000$207,800$150,000$100,000Ralph and Charlotte Carrino enjoying the diner and checking outthe old fashioned cash register at the Donor Appreciation Event.Viki Henschen, Director of Annual Fund and Alumni, shows David andBarbara Otter some of the incredible decorations inside the Diner.31
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Page 7 and 8: FEATURE | Ge t Mo v i n gGet Your K
Page 9 and 10: Nutritional FitnessModeling can be
Page 13 and 14: Welcome to our new faculty and staf
Page 15 and 16: Class of ‘67Cindy Weiss (far left
Page 17 and 18: CAMPUS | Hi g h l i g h t sService
Page 19 and 20: Service Learning at Old Trail Schoo
Page 21 and 22: HalloweenAn impressive collection o
Page 23 and 24: Go Knights!Go Warriors!Go Buffaloes
Page 25 and 26: Amy FrEitag ‘81Amy Freitag ‘81
Page 27 and 28: Brett Lindstrom ‘00 attends the U
Page 29: Development | Ne w sGolf OutingOld

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