Make a Taxwise Qualified Distribution
From Your IRA to City of Hope


 
Learn more about how a Qualified Charitable Distribution (QCD) can benefit you.

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If you are 70½ or older and have an IRA, you are already qualified!
COMPLETE YOUR DISTRIBUTION FORM

How a Qualified Charitable Distribution (QCD) From Your IRA Works

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You are at least 70 ½ years old with IRA funds you no longer need.

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Make a QCD from your IRA by completing the simple form at the bottom of this page*.

*If you are 73 years old or older, your QCD can count toward your required minimum distribution (RMD)!

▸ Calculate Your RMD

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Your QCD goes directly to City of Hope®, supporting breakthrough treatments and research.

Did You Know?

If you are age 70½ or older, you can make a one-time distribution of up to $53,000 from an IRA or other qualified plan to fund a charitable gift annuity with City of Hope. You’ll receive lifetime payments at a great rate in exchange for your gift, and it counts toward your required minimum distribution. Please contact us at 800-232-3314 or plannedgiving@coh.org for more details.

Discover the Benefits of a QCD

Reduce Your Taxable Income

When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.

Fulfill Your RMD

After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.

Advance Lifesaving Research and Patient Care

When you make a QCD from your IRA to City of Hope, you ensure that City of Hope’s innovative research and compassionate patient care will be available until the day cures for cancer, diabetes and other diseases are discovered.

Support City of Hope’s Mission for Years to Come

One way to leave a lasting tribute to your compassion for others is by naming City of Hope as a beneficiary of your IRA account. You can designate City of Hope to receive a percentage of the account value, leaving the remainder to your heirs. View City of Hope’s Beneficiary Designation Information.

View City of Hope’s Beneficiary Designation Information

City of Hope, Tax ID 95-3435919
1500 E. Duarte Road Duarte, CA 91010

Tax Law Disclaimer

  • The SECURE Act raises the required minimum distribution (RMD) age. If you turn 70 ½ on or after January 1, 2020, you can now wait until you are age 73 before you must take an RMD from your IRA.
  • You can still make a gift to City of Hope and other charities through a QCD starting at age 70 ½. However, if you make IRA contributions after age 70 ½, as allowed under the SECURE Act, the amount you have available for QCDs is reduced. Please consult your tax or financial advisor to learn how this may impact you.
  • The SECURE Act repeals the maximum age for making IRA contributions. You can now contribute to your IRA even if you are over age 70 ½ (subject to annual limitations).
  • The SECURE Act decreases the time over which inherited IRAs may be distributed. Inherited IRAs must now be distributed completely within 10 years of the IRA owner’s death, unless the IRA beneficiary is the surviving spouse, disabled or chronically ill, less than 10 years younger than the owner, or the owner’s minor child. Under these rules, naming City of Hope as a beneficiary of your IRA while using other assets to benefit family members may be a taxwise charitable planning decision.
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