Don’t need your IRA retirement savings as much as you once thought?
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) Works
You are at least 70½ years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA*
Your QCD goes directly to charity, supporting a cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name Moffitt Cancer Planned Giving as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to will be distributed to Moffitt to help us give hope to our patients and their families.
Sample Beneficiary Designation
Legal Name: H. Lee Moffitt Cancer Center and Research Institute Foundation, Inc.
Address: Moffitt Cancer Center Foundation / 12902 USF-Magnolia Drive / MBC-FOU / Tampa, FL 33612
Federal Tax ID Number: 59-3238636
Discover the Benefits of a Qualified Charitable Distribution (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 Required Minimum Distribution (RMD)
After you turn 73, 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.
Give Hope to Patients and Families
When you make a QCD to Moffitt, you show your commitment to the prevention and cure of cancer, and help us pioneer life changing treatments that give hope to our patients and their families.
“You never know whom cancer is going to strike. It’s a wonderful feeling to know that the money you give will go on and do great things.”
—Louise Porter, Moffitt supporter
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to make a difference today. | Yes | No |
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.