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New IRA legislation has been enacted that may provide even more tax savings for you and your heirs. The SECURE Act continues to allow you to make qualified charitable distributions from your IRA if you are 70 ½ or older but delays the mandatory withdrawal age to 72. What does that mean for you?
Learn more about tax-smart ways to give from your IRA
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Cincinnati Children's Hospital Medical Center.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. Make a gift and help further our mission.
Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give the retirement assets to Cincinnati Children's Hospital Medical Center. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
Your retirement assets may be transferred to Cincinnati Children's Hospital Medical Center by completing a beneficiary designation form provided by your plan custodian. If you designate Cincinnati Children's Hospital Medical Center as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
3333 Burnet Avenue, Cincinnati, Ohio 45229-3026 | 1-513-636-4200 | 1-800-344-2462 | TTY:1-513-636-4900
New to Cincinnati Children's or live outside of the Tristate area? 1-877-881-8479
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This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.
