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Download Our BrochureA Tax-Saving Way to Help the Lucile Packard Foundation for Children’s Health
Make a difference today and save on taxes. It is possible when you support Lucile Packard Children's Hospital Stanford through your IRA.
You can give any amount (up to a maximum of $105,000) this year from your IRA directly to a qualified charity such as the Lucile Packard Foundation for Children’s Health without having to pay income taxes on the money. Gifts of any value $105,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Lucile Packard Foundation for Children’s Health. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
No. You must be 70½ by the date you make the gift.
Yes. Direct gifts to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, thrift savings plan (TSP), 401(k), or 403(b) plan into an IRA and then make the transfer from the IRA directly to the Lucile Packard Foundation for Children’s Health. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.
Yes, absolutely. Beginning in the year you turn 73, you can use your gift to satisfy all or part of your RMD.
No. You can give any amount under this provision, as long as it is no more than $105,000 this year. If your IRA is valued at more than $105,000, you can transfer a portion of it to fund a charitable gift.
We must receive your gift by Dec. 31 for your donation to qualify this year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.
No. Under the law, you can give a maximum of $105,000 this year. For example, you can give each organization $52,500 this year or any other combination that totals $105,000 or less. Any amount of more than $105,000 in one year must be reported as taxable income.
If you have a spouse who is 70½ or older, they can also give any amount up to $105,000 from their IRA. Beyond that, you may want to reach out to us to explore other assets you have that might make for a tax-smart gift.
Yes! If you are 70½ or older, you may now make a one-time election for a qualified charitable distribution of up to $53,000 (without being taxed) from your IRA to fund a life-income gift. Some limitations apply, so contact us for more details and a personalized illustration at no obligation.
No matter your age, you can designate the Lucile Packard Foundation for Children’s Health as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Tip: It is critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.
Berta and Donald Sugarman have supported Lucile Packard Children's Hospital Stanford for 40 years. In addition to their annual gifts, Berta volunteers with our hospital's Association of Auxiliaries for Children.
If you are thinking about creating or updating your estate plan, be sure to download our complimentary guide, Estate Planning Starters.
Download Our BrochureIf you are thinking about creating or updating your estate plan, be sure to download our complimentary guide, Estate Planning Starters.
Download Our BrochureYou can make a meaningful impact without leaving home.
Download Our Brochure