YOUR GUIDE
Support MSK with your IRA
Your gift will be put to use today, allowing you to see your impact on cancer research and care at MSK.
Qualified charitable distribution (QCD)
If you are age 70 1/2 or older, you can transfer up to $108,000 from your IRA directly to MSK.
Because a QCD goes directly from your IRA to MSK, a qualified charity, without passing through your hands, 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.
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Gain tax benefits
A QCD goes directly from your IRA to MSK without passing through your hands. It generates neither taxable income nor a tax deduction, so you benefit even if you don’t itemize your deductions.
Required minimum distributions
The age at which retirees must begin taking required minimum distributions is now 73.
Reduce your annual income
Since a QCD doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
More ways to support MSK with your IRA
Take action today to make an impact tomorrow.
Your IRA giving can drive tomorrow’s groundbreaking discoveries in cancer research and help MSK doctors and scientists develop new lifesaving treatment options for future patients around the world.
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Name MSK as a beneficiary of your IRA
With this option, you can give generously while also reducing the income tax burden and possible estate tax burden on your heirs.
Use your IRA to fund a charitable gift annuity (CGA)
Boost your retirement income while also making a difference at MSK. Thanks to a new law, you can now fund a gift annuity with a one-time lifetime election of up to $54,000 from your IRA.
How to get started
Learn how you can make a difference while gaining tax benefits.
If you include MSK in your plans, please use our legal name and federal tax ID.
Legal Name: Memorial Sloan Kettering Cancer Center. Address: 1275 York Avenue, New York, NY 10065. Federal Tax ID Number: 13-1924236
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Contact MSK’s Gift Planning staff
Call 800-688-1827 or email giftplanning@mskcc.org to speak with a member of our team and get additional information.
Seek the advice of your financial or legal advisor
Consult with your advisors if you make tax-deductible contributions to your IRA as this may impact the amount you can give to charity. QCD limits are indexed annually for inflation.
Make your gift through your IRA administrator
Ask your IRA administrator about making a QCD or have them send a check from your account to MSK. To be tax-free, the donation must go directly from your IRA to MSK without passing through your hands.
Supporter Story
IRA Giving
Helene is committed to early detection and has chosen to support MSK's work through a gift in her estate plans. She named MSK as a beneficiary of her IRA, and made her gift unrestricted, so it can be used for the area of greatest need at that time.
Supporter Story
A lasting legacy
The late Patricia Saigo, MD, had a trailblazing career at MSK. She was the first woman on MSK’s Cytology staff and later became the first female Chief of the Cytology Service. In her memory, Dr. Saigo’s estate funded the renaming of the Cytology Reading Room.
Supporter Story
Donor John B.
A cancer survivor thanks MSK Cancer Center for life-saving treatment, including a clinical trial, resulting in a 31-year cancer-free life. Committed to advancing research, the survivor includes a bequest in their estate plans for groundbreaking trials and treatments.
Supporter Story
Kimberlie
Kimberlie I. highlights her cancer journey at Memorial Sloan Kettering, emphasizing the crucial role of donor support in MSK's innovative care and encouraging others to include MSK in their estate plans for future generations.
Supporter Story
Allen M.
When it comes to taxes and spending his money wisely, Allen M. knows the importance of being prepared.
Speak directly with a member of the Gift Planning staff.
Office of Gift Planning
mail_outline
giftplanning@mskcc.org
call
(800) 688-1827
*Consult with your advisors if you make tax-deductible contributions to your IRA. This may impact the amount you can give to charity. QCD limits will be indexed annually for inflation.
Help fuel a new future of firsts
Remember MSK in your estate plans
A bequest is a gift through your will or living trust that costs you nothing now but provides support to MSK after your lifetime.
Join the Cullum Society
By establishing a gift to MSK in your estate plans, you’re advancing our mission of ending cancer for life. MSK welcomes these types of supporters into the Elizabeth Hamilton Cullum Society.
