Current Gift from Your IRA
Donors age 70½ or older are eligible to transfer up to $100,000 per person, per year, from their IRAs directly to Kindervelt without having to pay income tax on the gift.
Make a tax-free gift from your IRA to Kindervelt
To qualify:
- You must be 70½ or older and have an IRA.
- You must make a direct transfer from your IRA to Kindervelt of Cincinnati Children’s.
- You can donate any amount up to $100,000 a year.
- Your gift must be outright and cannot fund a gift annuity or charitable trust.
- IRA gifts count toward your required minimum distribution (RMD).
- You will pay no income tax on the gift.
It’s easy!
Take these steps:
- Consult with your professional advisor.
- Notify your IRA administrator to request a “qualified charitable distribution” (QCD) to “Kindervelt of Cincinnati Children’s Hospital Medical Center” for a specific amount.
- If you have any questions or would like a sample IRA letter for your administrator, contact Suzanne Rohlfs at (513) 636-1192 or [email protected].
Tax Identification Number is 31-0833936.
Please send check to:
Suzanne M. Rohlfs, J.D., CAP®
Director, Gift Planning
Cincinnati Children’s Hospital Medical Center
3333 Burnet Avenue, MLC 9002
Cincinnati, OH 45229