IRA Charitable Rollovers

Make a Gift Tax-Free with an Individual Retirement Account (IRA)

Make a difference today and save on taxes. It’s possible when you support the Breast Cancer Research Foundation (BCRF) through your IRA.

A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $105,000) per year from your IRA directly to a qualified charity such as BCRF without having to pay income taxes on the money. Gifts of any size—$105,000 or less—are eligible for this benefit and you can feel good knowing that you are supporting lifesaving research.

Why Consider an IRA gift?

• Your gift will be put to use today, allowing you to see the difference your donation is making.
• Beginning the year you turn 73, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease how much of your social security is taxable.

To arrange a qualified charitable distribution (QCD) or required minimum distribution (RMD) from your IRA, follow these 3 easy steps:

1. Contact the financial institution where your IRA is held and instruct them to send all or a portion of your RMD to the Breast Cancer Research Foundation (federal tax ID: 13-3727250).
2. Ask that they send the check directly to BCRF: 28 West 44th Street, Suite 609, New York, NY, 10036. It only counts as a QCD or RMD if the check goes from the financial institution directly to a charity.
3. Let us know, so we can properly acknowledge your gift by emailing Amanda Johnson at legacy@bcrf.org or calling 646-497-2680.

For Those 59½ Years Old or Older

If you’re at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.

At Any Age

No matter your age, you can designate BCRF as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. Simply contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.