How a Qualified Charitable Distribution (QCD) from your IRA Works
You are at least 70 ½ years old with IRA funds you no longer need
Make a QCD from your IRA*
*If you are 72 years old or older, your QCD can count toward your required minimum distribution (RMD)!
Your QCD goes directly to City of Hope, supporting breakthrough treatments and research
Did you know?
You can also support our mission for years to come 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.
1500 E. Duarte Road Duarte, CA 91010
Discover the Benefits of a QCD
Reduce Your Taxable Income
Fulfill your RMD
Advance Lifesaving Research and Patient Care
Tax Law Disclaimer
- Under the CARES Act, required minimum distributions (RMDs) from IRAs have been waived for 2020.
- 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 72 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 tax-wise charitable planning decision.
“ “When I needed to start taking my Required Minimum Distribution from my IRA, I was thrilled to learn that I could donate my distribution directly to City of Hope and they would receive the entire amount free of taxes. My gifts support the pediatrics department because, as a longtime volunteer with the program, it’s near and dear to my heart.” ”
— Judy Kelly, City of Hope volunteer
Find Out if a QCD Is Right For You
Take Your Next Steps
Get started by selecting your IRA administrator and filling out your information below. This information will be used to pre-fill your distribution form.
Once you have downloaded and completed the rest of your form, please mail the form to your IRA administrator. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
Please let us know about your generous gift! We would greatly appreciate being informed of your generosity so that we can be prepared to provide a proper and timely IRS acknowledgment. Please note that the IRS does not permit QCDs from an IRA to satisfy event registration fees or membership dues.
This information is not intended as legal, accounting or other professional advice.
For assistance in legacy planning, consult an attorney for legal advice or the services of a qualified professional.