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:
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.
Your gift of cryptocurrency ensures that no one has to cope with cancer alone!
Cryptocurrency is treated by the IRS as property. All cryptocurrency gifts will be reviewed and accepted upon approval from the Gift Acceptance Committee.
Cryptocurrency gifts of $5,000 or more will require a qualified third-party appraisal for the donor to take a charitable tax deduction and this cost will be borne by the donor.
As gifts, cryptocurrency, which can be highly volatile, will be converted to U.S. Dollars as quickly as administratively possible when the gift is received.
A charitable gift of cryptocurrency is only complete once the currency has been successfully paid to and accepted by Cancer Care Services’ designated currency processor.
Upon payment/acceptance, Cancer Care Services will provide the donor with a gift acknowledgement or receipt that substantiates the receipt of the cryptocurrency as a charitable gift. Like non-marketable securities, the acknowledgement may not contain a value of the gift. Gift receipting is like personal property, stating the name and number of cryptocurrency coins donated, the date of receipt, and the fund or account benefiting from the gift.
For more information on how your cryptocurrency gift supports Cancer Care Services, please contact Becky Williams, Donor Engagement Manager, at Becky@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.
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