We’re grateful for all you do to support pancreatic cancer patients and their families. Your donations make all the difference in furthering research and improving patient outcomes. There are many ways to give to PanCAN and we wanted to let you know about two options you may not have heard of.
Smart Giving from Your IRA
A Tax-Saving Way to Support PanCAN
Make a difference today and save on taxes. It is possible when you support PanCAN through your IRA.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as PanCAN without having to pay income taxes on the money. Gifts of any value $100,000 or less (per year for an individual) are eligible for this benefit and you can feel good knowing that you are making a difference. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. Donate through this free tool directly from your IRA today.
Why Consider This Gift?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- 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.
- Since the gift 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.
A Tax-Savvy Way to Benefit from Growing Assets
- Donating stock that has increased in value and been held for more than one year is a popular asset to use when making a gift. Making a gift of securities offers you the chance to support PanCAN while realizing important tax benefits for yourself.
- When you donate appreciated securities in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer (which can be as high as 20 percent).