Gifts from a traditional IRA directly to the Hospital for Special Care Foundation can reduce taxes, meet RMD requirements, and create a lasting impact.

IRA Charitable Rollover / QCD

Gifts from a traditional IRA directly to the Hospital for Special Care Foundation can reduce taxes, meet RMD requirements, and create a lasting impact.

To Qualify for a QCD:

• Must be age 70 ½ or older.
• Transfers must be made directly from a traditional IRA to Hospital for Special Care (HSC) by the plan administrator. Withdrawals made by you and then contributed do not qualify.
• Gifts from 401(k), 403(b), SEP, or other retirement plans do not qualify.
• Gifts must be outright—cannot fund donor-advised funds or life-income arrangements.

Important: QCDs must go directly to Hospital for Special Care, not to supporting organizations such as Hospital for Special Care Foundation or Manes & Motions. We will honor donor intent for all gifts made to Hospital for Special Care.

Benefits:

• Not included in gross income for federal tax purposes (no charitable deduction).
• Counts toward your RMD if required.
• Reduces IRA value, lowering future RMDs.

Example:

Jane, 73, has a $20,000 RMD she does not need. She authorizes her IRA administrator to transfer $20,000 directly to Hospital for Special Care Foundation. The gift is not taxed and counts toward her RMD.

Getting Started:

Contact your IRA administrator to make the transfer, and let us know so we can track it. Consult your financial or tax advisor before giving.

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