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If you are age 70 ½ or older, you can make a tax-free gift directly from your traditional or Roth IRA.
If you own a traditional IRA, you may be legally required to take a Required Minimum Distribution (RMD) each year. Because these funds have grown tax-deferred, RMD is typically subject to income tax. However, many supporters choose to donate all or part of their RMD directly to Speed of Light – The Foundation, thus reducing their taxable income while advancing vital radiation oncology research.
This type of gift, known as a Qualified Charitable Distribution (QCD), allows you to transfer up to $100,000 each year directly to the Foundation. Contact your plan administrator and request a QCD be sent to:
Please ask that your name be included with the transfer information so we can properly acknowledge your gift.
If you make a QCD, please notify the Foundation of your gift by emailing [email protected] so we can ensure your gift is correctly credited.
If you are still working and contributing to your IRA, please consult a qualified financial advisor to determine how this gift may affect your taxable income.
