How to get a special tax break while saving lives

Now City of Hope supporters can plan to 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.



  1. Use a portion of your Required Minimum Distribution to make a year-end gift to
    City of Hope and you don’t pay income taxes on the amount you donate.
  2. Receive a quick and easy estate tax reduction.
  3. Fulfill part or all of your required minimum distribution for this year.
  4. Reduce assets in your IRA account, up to a total of $100,000 each year or $200,000 for married couples.
  5. Advance lifesaving research and patient care.

For example:

  • John Miller wants to make a gift to City of Hope.
  • Now 71 years old, John must take a required minimum distribution from his IRA, which he would have to claim as income.
  • John doesn’t need the additional income, so instead, he uses a portion of his Required Minimum Distribution to make a year-end gift directly to City of Hope and avoids paying income taxes on the donated amount.

To qualify:

  • You must be 70 1/2 years old or older when you make the transfer to
    City of Hope.
  • The donation portion of your Required Minimum Distribution must be transferred directly from your IRA to City of Hope.
  • The gift cannot exceed $100,000 in 2017 for an individual or $200,000 for a married couple.
  • Your transfer must be executed by December 31.

For assistance in making a Charitable IRA Rollover gift, please contact Thelma Villafuerte at 800-232-3314 or We would greatly appreciate being informed of your generosity so that we can be prepared to provide a proper and timely IRS acknowledgment.

“I wanted to do something for City of Hope and because I save on taxes, my IRA Rollover donation enables me to make a larger gift than I would otherwise be able to make.”

—Leslie Bernstein, Ph.D., Professor, Division of Biomarkers of Early Detection and Prevention, City of Hope

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.”