Make a Taxwise Qualified Distribution
from your IRA to City of Hope


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

If you are 70½ or older and have an IRA, you are already qualified!

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*

 

*If you are 72 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?

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.

View City of Hope’s Beneficiary Designation Information

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

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 72, 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 $100,000 per individual or $200,000 per couple to satisfy your RMD.

Advance Lifesaving Research and Patient Care

When you make a qualified charitable distribution 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.

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

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Get started by selecting your IRA administrator and filling out your information below. This information will be used to pre-fill your distribution form.

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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.

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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.