If you are 70½ or older, you can make a tax-free gift to Dana-Farber directly from your Individual Retirement Account (IRA). This is called a Qualified Charitable Distribution (QCD).
The Advantages of a QCD
- Tax benefits: A charitable gift transferred from your IRA directly to Dana-Farber will not be taxed and can satisfy your required minimum distribution (RMD) if you are age 73 or older, which lowers your taxable income, maximizing benefits to both you and Dana-Farber.
- Ease: You do not need an attorney to make this gift; simply contact your IRA administrator.
- Flexibility: An IRA gift can be directed to unrestricted support for Dana-Farber and the Jimmy Fund’s lifesaving mission or a specific area.
Important IRA Gift Information
- To make this gift, you must be age 70½ or older.
- If you are 73 or older, your gift may satisfy your required minimum distribution and lower your taxable income.
- You can give any amount (up to a maximum of $108,000) in 2025 from your IRA directly to a qualified charity such as Dana-Farber and the Jimmy Fund.
- You can also make a one-time tax-free gift up to $54,000 in 2025 from an IRA in exchange for a Charitable Gift Annuity, guaranteeing fixed income for life for you and/or a spouse.
Please note: Gifts from an IRA cannot be accepted when goods or services from the charity are provided.
Take Action
- Contact your IRA administrator, and then call Dana-Farber’s Philanthropy Office at 617-632-6099 to share your intentions.
- Download Dana-Farber's sample distribution letter to customize and share with your IRA administrator or financial advisor.
- Mail your IRA gift to:
Dana-Farber Cancer Institute & The Jimmy Fund
c/o Donor Services
Division of Philanthropy
10 Brookline Place West, 5th Floor
Brookline, MA 02445
No matter your age, you can designate Dana-Farber and the Jimmy Fund as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. Non-charitable beneficiaries will pay taxes on the inherited IRA. It’s simple: just contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Are You a Financial Advisor?
If your clients are looking to make a gift through their IRA, please note Dana-Farber’s tax ID number is 04-2263040. Please see our Resources for Advisors for more information.