Memorial Sloan Kettering

October 2018 Newsletter

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PAGE 3 An IRA is an appealing way to save for retirement because you enjoy tax savings after contributing to your plan. But eventually, that tax bill comes due— when you take your annual distributions and again when you leave your assets to heirs. If you want to avoid the tax bite and make an impact on our research and care, then consider a gift to MSK from your IRA. Make Your Gift Today If you're 70½ or older, you can use the IRA charitable rollover to make a tax-free gift to MSK. This law allows you to transfer any amount up to $100,000 annually directly to a qualified charitable organization without paying income tax on the distribution. Additional benefits: » You see the difference you're making today. » You pay no income taxes on the gift. The transfer doesn't generate taxable income or a tax deduction, so you benefit even if you don't itemize your tax deductions. » Your gift can satisfy all or part of your required minimum distribution. Magnify Your Impact After Your Lifetime Regardless of your age, you can give from your IRA by naming MSK as a beneficiary of your account and extend support beyond your lifetime. Here's how: » Decide what percentage (1–100) you would like us to receive. » Contact your IRA administrator for a change- of-beneficiary form, or simply download a form from your provider's website. » Name MSK and the gift percentage on the form. » Return the form to your IRA administrator. Please let us know about your plans by contacting our Planned Giving staff at plannedgiving@mskcc.org or 800-688-1827. Make Sure Your Gift Counts in 2018! If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement. Please act now to complete this transfer by Dec. 31. Unique institutions running MSK-initiated clinical trials Outpatient visits to MSK each year Trials that provide new and better treatment options for children 120 100 620K MORE THAN MORE THAN MORE THAN Time Your Impact

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