You are using an unsupported browser. Please use the latest version of Chrome, Firefox, Safari or Edge.

IRA Charitable Rollover

Did you know you can use your individual retirement account (IRA) to make a difference at Massachusetts General Hospital? It’s easy and might save you on taxes. Also known as a qualified charitable distribution (QCD), this is a tax-wise way to support Mass General.

If you’re at least 70½ years old, you can make a qualified charitable distribution from your IRA to Mass General and, for federal tax purposes, exclude those funds from your gross income. Simply instruct your IRA administrator to directly transfer a gift of up to $105,000. It will count toward your required minimum distribution this year and help make great medicine possible at Mass General.

Here’s a summary of the requirements:

  • You must be 70½ years old or older at the time of the gift.
  • Your gift must go directly from your IRA to Mass General.
  • You must complete a QCD (contact your IRA administrator for the necessary forms and procedures).
  • A gift cannot exceed $105,000 per taxpayer.
  • Gifts must be made by December 31 to take advantage this tax year.

Here’s how to make a gift with your IRA:

  • Inform the institution holding your IRA that you want to make a QCD from your IRA to Mass General.
  • Complete the necessary paperwork to request the QCD.
  • Notify Mass General and let us know how you want your gift to be used.

We’re Here for You

The Office of Planned Giving is available to answer questions and provide additional information to share with your family and advisors.