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 MD Anderson Cancer Center, supporting our mission to end cancer today
*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 MD Anderson Cancer Center as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us change lives.
Sample Beneficiary Designation
Legal name: UT System fbo UT MD Anderson
Address: P.O. Box 301407, Unit 1705, Houston, Texas 77230-1407
Federal Tax ID number: 300710145
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 MD Anderson Cancer Center, 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.
Transform the World
When you make a qualified charitable distribution from your IRA to MD Anderson Cancer Center, you will help us make an immediate impact and ensure our work to reduce the effects of cancer through leading-edge research and patient programs.
” ‘We would just like to encourage people to contribute and give legacy gifts… The required minimum distribution is just a really simple, easy way to do it,’ Phil Scudder shares. His wife, Jennifer adds, ‘It does give you a tax break, and quite honestly, it’s an easy way to give.’ “
—Phil and Jennifer Scudder
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|
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
Once you have downloaded and completed the rest of your form, including any desired gift designation, 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.
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.
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor or other qualified professional.