Make a Gift Through Your IRA

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Contact Kyle Cutter-Dabiri



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).

On December 29, 2022, President Biden signed into law the omnibus spending bill that includes the EARN Act (Enhancing American Retirement Now) which is now referred to as the Secure Act 2.0. This new retirement plan legislation aims to expand Americans’ ability to save for retirement and increase their options for doing so. The new law took effect January 1, 2023. Learn more.

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), 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.

The Requirements for an IRA Gift

  • Be age 70½ or older
  • If you are 73 or older, your gift may satisfy your required minimum distribution and lower your taxable income
  • Give your required minimum distribution, up to $100,000, from your IRA per year
  • Transfer funds directly from a traditional or rollover IRA to Dana-Farber

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, P.O. Box 849168, Boston, MA 02284-9168.

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.