Important Information Regarding IRA Rollover Gifts: If you are using an IRA checkbook to make your gift, please send your check in as early as possible. Gifts received after December 15 may not arrive in time to count as a 2018 distribution.
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.
- 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.
- You can donate up to a total of $100,000 each year ($200,000 for married couples) and exclude the gift from your taxable income.
- Advance life saving research and patient care.
- 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 firstname.lastname@example.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’s disease and AIDS-related malignancies. She served as the chief medical officer at City of Hope for 10 years.