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Notify us of your IRA charitable rollover
If you check the box in this area, a module will open where you can enter your name and email to notify us of your IRA Rollover gift.
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to By the Bay Health. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
IRA Qualified Charitable Distribution
Turn Your Required MINIMUM Distribution Into MAXIMUM Impact For Patients and Families.
The IRA Qualified Charitable Distribution (QCD) allows individuals age 70½ or older to make an outright gift of as much as $105,000 annually to By the Bay Health from a traditional, inherited, inactive SEP, or inactive SIMPLE IRA. The withdrawal amount may count toward your required minimum distribution (RMD). Although the RMD is not required until age 73, the IRA QCD can be particularly beneficial for donors who do not itemize and instead file the standard deduction.
Benefits of an IRA Qualified Charitable Distribution
- Your IRA QCD will support the delivery of hospice, palliative, home health, and bereavement care through our Community Care Fund, so you can see the impact of your gift for patients and families.
- You pay no income taxes on transfers of up to $105,000 from your IRA to By the Bay Health.
- As your IRA QCD is excluded from taxable income, it may provide greater income tax savings than making a cash gift and claiming a deduction.
- Beginning in the year you turn 73, you can use your IRA QCD to satisfy all or part of your required minimum distribution.
- By reducing annual income, your IRA QCD may help lower your Medicare premiums and decrease the amount of Social Security subject to tax.
How an IRA Qualified Charitable Distribution Works
- Contact your IRA plan administrator to make a Qualified Charitable Distribution from your IRA to By the Bay Health.
- Your IRA QCD will be directly transferred to By the Bay Health to support our care programs through our Community Care Fund.
- Please note that IRA Qualified Charitable Distributions do not qualify for a charitable tax deduction.
Contact us
If you have any questions about making an IRA Qualified Charitable Distribution to By the Bay Health, please contact us. We would be happy to assist you and answer any questions you might have.
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