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IRA QCD Distributions

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:

  • You must be at least 70½ years old at the time you request a QCD.
  • For a QCD to count toward your current year’s Required Minimum Distributions (RMD), the funds must come out of your IRA by your RMD deadline, which is generally December 31.
  • Funds must be transferred directly from your IRA by requesting your IRA custodian to issue a check from your IRA payable to the charity. You can then request that the check be mailed to the charity or forward the check yourself. If a distribution check is made payable to you, the distribution would NOT qualify as a QCD and would be treated as taxable income.

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.

Stock Transfers

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.

other ways to give

There are so many different ways to help bring hope to those who need it. Here are a few other ways you can help:

donor
advised funds

donor
advised funds

A DAF is a charitable giving vehicle that allows donors to contribute, receive an immediate tax deduction, and recommend grants to their favorite charitable organizations – like Cancer Care Services!

matching gifts

matching gifts

Our remarkably generous community houses many employers who will match any charitable contributions made by their employees. You could double your impact today!

monthly giving

monthly giving

You can be the building block to provide a strong foundation for our neighbors impacted by cancer.

giving society

giving society

The ability to plan ahead is invaluable – in many ways. Maximize the impact of your contribution by planning for it – and Cancer Care Services will do the same.

gift
planning

gift
planning

Planned gifts ensure that Cancer Care Services will continue to help clients for generations to come.