For those over age 70½, it is once again possible to help Red Cloud by making tax-favored charitable gifts from traditional and Roth IRA accounts.

A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to Red Cloud Indian School free of federal income tax. There may also be state income tax savings. 

To make such gifts, it is important to not withdraw funds prior to a gift, but distribute them directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.  Our tax identification number is 46-0275071 and our address is 100 Mission Drive, Pine Ridge, SD  57770.

Check your IRA administrator or your financial advisors for more information.  Or you can call or email Red Cloud at (605) 867-1105 or


The gift of securities (or stocks) can result in significant tax benefits for you. Contribution of appreciated securities held for over one year are generally deductible at market value, regardless of what you may have paid for the securities originally. In addition, the capital tax is avoided through such a gift.

To make a gift of securities

  • Contact the Jane Farrell, director of donor relations in the Advancement Office at 605/867-1105, x301. Please have your name, address, phone number, email, the name and type of securities to be gifted (public, private, restricted or mutual fund), the number of shares and the date you intend to make the gift. 

Electronic transfer of funds

The transfer of securities from a donor’s brokerage account to Red Cloud Indian School, Inc. is accomplished via the Depository Trust Company (DTC) and our broker, RBC Wealth Management of Omaha, Nebraska. To perform such a transfer, simply notify your broker of the securities to be gifted and provide the following transfer instructions:

  • The DTC Number for RBC Wealth Management is 0235. 
  • Red Cloud Indian School, Inc.’s General Fund account number is 314-98566. 
  • It is important for us to know the identity of the donor of all securities gifts in order to give prompt and accurate credit for all gifts received. Particularly in the case of electronic transfer, it is often very difficult to obtain this information after the transaction is processed. 
  • In addition to instructing your broker to include your name and address in the DTC transfer instruction, please ask your broker to call the Advancement Office at 605/867-1105. 

Mutual fund transfers

Mutual fund units cannot be electronically transferred via DTC, and the method varies depending on how the fund units are held.

  • If they are held in a RBC Wealth Management account, your broker can transfer them to our RBC Wealth Management account by journal entry. 
  • If they are held in an account with a different brokerage firm, your broker should contact the Advancement Office at 605/867-1105 to arrange for transfer. 
  • If they are held in an account with the fund company, the easiest way to transfer them is into an account in Red Cloud Indian School’s name with the fund company. 

Gift valuation date and valuation method

  • Electronic transfer: The gift valuation date for securities sent to Red Cloud via DTC is the date the securities are deposited to our RBC Wealth Management account. 
  • Mutual fund transfer: The gift valuation date for mutual fund units is the date they are deposited to either our RBC Wealth Management account or to a mutual fund account in Red Cloud Indian School’s name. 
  • The value of a stock gift is calculated by averaging the high and low quoted selling prices for the stock as of the gift valuation date. The value of a bond gift is calculated by averaging the bid and ask prices for the bond as of the gift valuation date. The value of a mutual fund give is calculated using the NAV (net asset value) for the fund as of the gift valuation date. 

Gift acknowledgements

As soon as a securities gift is received and matched to the donor, Red Cloud sends an acknowledgment letter stating the nature of the gift, the gift valuation date and the gift valuation amount.

In the event your broker requires further information, please call the Advancement Office at 605/867-1105.

If you would like to contact RBC Wealth Management, please call:

Scott Leinen 
Financial Advisor
Kelly Blankenship-Wrona
Senior Client Associate


RBC Wealth Management
1120 South 101st Street
Suite 300
Omaha, Nebraska 68124