Did You Know?

City of Hope supporters like you can avoid some taxes while supporting lifesaving treatments and research. A variety of gifts can help reduce income, capital gains or estate taxes. Here are just two.

1. Charitable gifts of appreciated stock or mutual funds are a smart tax strategy. You’ll save on taxes two ways if you donate stock to City of Hope:

• Avoid capital gains and investment taxes.
• Enjoy a charitable income tax deduction.

Your gift can benefit you today and City of Hope patients for years to come.

• Here’s an example >>

  • Jane Smith wants to make a year-end gift to City of Hope and wants to do it as tax-efficiently as possible.
  • Jane has stock she bought for $5,000 and it’s now worth $25,000. Because of her tax bracket, if she sells the stock, she would pay capital gains taxes.
  • Instead of donating cash, Jane donates the stock directly to City of Hope and avoids the capital gains tax completely.
  • Plus, Jane enjoys a charitable income tax deduction on the full market value of the stock – $25,000.

• To qualify >>

  • The gift must be an appreciated stock or mutual fund (you have owned the stock for at least a year).
  • You must transfer the stock directly to City of Hope.
For assistance in making a charitable gift of appreciated stock or mutual fund, please contact Natalie Chavez at 800-667-5310 or Philanthropy@coh.org.


2. Charitable IRA Rollover gifts offer you many benefits:

• 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.
• Receive a quick and easy estate tax reduction.
• Fulfill part or all of your required minimum distribution for this year.
• Reduce assets in your IRA account, up to a total of $100,000 each year or $200,000 for married couples
• 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 ½ 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 2016 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 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.

“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., R.N., Professor,
Division of Cancer Etiology, City of Hope

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.”