Want to help those impacted by cancer and potentially receive a tax benefit? If you are at least 70½ years old, you can make a Qualified Charitable Distribution (QCD) from your IRA of up to $100,000 per year. Amounts distributed as a QCD can be excluded from your taxable income.
A QCD has the following requirements:
Do you have an IRA, 401(k), life-insurance policy, or any other assets not included in your will? If so, these are called non-probate assets and you must plan your beneficiaries for them separately. Use this online tool to make your plans and designate Cancer Care Services as a beneficiary of one or more of these assets.
For answers to specific questions about your personal accounts, please contact your financial advisor. For more information, please contact Deanna Stuart, Vice President of Philanthropy, at Deanna@CancerCareServices.org.
Your gift of stock can help cancer patients, caregivers, and survivors receive support and resources to navigate a cancer diagnosis. When gifting appreciated securities, you could make your dollars go further than cash and receive tax benefits!
If you gift investments that have increased in value since you purchased them, you may be able to claim a charitable tax deduction for the fair market value of the appreciated securities and avoid paying a capital gains tax on the transfer.
Please contact your financial advisor for questions about tax benefits and your personal accounts. For more information on how your stock transfer supports Cancer Care Services, please contact Deanna Stuart, Vice President of Philanthropy, at Deanna@CancerCareServices.org.
There are so many that need help, and we are glad you are ready. We need your support to help people LIVE with cancer.
Keep the care coming. Give today.