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  • IRA Gifts

    Elizabeth and Thomas PankeDonors Elizabeth Panke, MD, PhD, and Thomas Panke, MD, made a generous gift to Dana-Farber through Thomas' IRA

    Making a gift through your Individual Retirement Account (IRA)

    Help conquer cancer with a tax-free gift from your IRA to Dana-Farber and the Jimmy Fund.

    To make an IRA gift to Dana-Farber and the Jimmy Fund, you need to:

    • Be age 70 ½ or older
    • Give any amount up to $100,000 from your IRA
    • Transfer funds directly from a traditional or rollover IRA
    • Transfer the gift outright to Dana-Farber—rollovers to a gift annuity or charitable remainder trust are not eligible for tax benefits

    Why should I make a gift from my IRA?

    • Tax benefits: A charitable gift transferred from your IRA directly to Dana-Farber will not be taxed and will qualify for the required minimum distribution (RMD), maximizing benefits to both you and Dana-Farber.

    • Ease: You do not need an attorney to make this gift. Simply contact your fund administrator. Dana-Farber’s tax ID number is 04-2263040.

    • Flexibility: An IRA gift can be directed to a specific area of research or care, your Jimmy Fund fundraising event*, or unrestricted support for Dana-Farber and the Jimmy Fund’s lifesaving mission.

    How do I make an IRA rollover gift?

    • Contact your fund administrator or financial advisor, and then call Dana-Farber’s Development Office at 617-632-6099. Dana-Farber’s tax ID number is 04-2263040.

    • Download this sample distribution letter you can customize and share with your IRA administrator or financial advisor.

    *Your confirmation letter for your event gift must include a statement that no goods or services were received in exchange for your gift.

    For more information, contact:

    Dana-Farber’s Development Office
    Phone: 617-632-6099

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