How to benefit from changes in the new tax law while
supporting lifesaving research

City of Hope supporters, age 70 ½ or older, can get a tax break while supporting breakthrough treatments and research with an IRA Rollover gift. With a charitable IRA Rollover gift, you get many benefits.

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Benefits:

  1. Use all or a portion of your Required Minimum Distribution to make a gift to City of Hope and you don’t pay income taxes on the amount you donate.
  2. You can donate up to a total of $100,000 each year ($200,000 for married couples).
  3. Advance lifesaving research and patient care.

For example:

  • Jane Miller wants to make a gift to City of Hope.
  • Now 71 years old, Jane must take a Required Minimum Distribution from her IRA, which she would have to claim as income.
  • Jane doesn’t need the additional income, so instead, she uses a portion of her Required Minimum Distribution to make a gift directly to City of Hope and avoids paying income taxes on the donated amount.

For assistance, please contact Thelma Villafuerte at 800-232-3314 or plannedgiving@coh.org. We would greatly appreciate being informed of your generosity so that we can be prepared to provide a proper and timely IRS acknowledgment.

“City of Hope is truly remarkable, providing the finest of care, as well as innovative research. My IRA rollover gift is a “win-win,” to me and City of Hope.”

–Alexandra M. Levine, M.D., M.A.C.P., Professor of Hematology and Hematopoietic Cell Transplantation

Levine is an acclaimed expert in lymphoma, Hodgkin disease and AIDS-related malignancies. She served as the chief medical officer at City of Hope for 10 years.

Choose the information you wish to receive:

The Wall Street Journal touted this method of giving, saying:

“While the taxpayer doesn’t get a deduction for the gift, neither does it count as income. This popular move can also help reduce a taxpayer’s adjusted gross income, which in turn can help minimize Medicare premiums or taxes on Social Security benefits.”