1 minute read
Jim and Peggy Hynes
Leaving a Legacy – For All
For more than 40 years, Jim Hynes and his family have shown a steadfast commitment to Atrium Health’s mission. Jim has generously donated his time and talents, serving on the boards of Carolinas Medical Center, the Charlotte-Mecklenburg Hospital Authority, Atrium Health Foundation, and Atrium Health, Inc.
Jim and his wife, Peggy, have also supported Atrium Health Foundation with their gifts since the 1980s. Their philanthropic legacy has touched virtually every corner of the Atrium Health enterprise, including orthopedic research at Atrium Health Musculoskeletal Institute, pediatric programs at Levine Children's, the Parkinson Disease and Movement Disorders program, Levine Cancer Institute, and Sanger Heart & Vascular Institute.
Jim and Peggy have chosen to make many of their gifts from their IRA using the Qualified Charitable Distribution (QCD), also known as an “IRA Rollover”. A QCD can satisfy your minimum required distribution for those over 72 years old and avoid taxes on transfers of up to $100,000 from your IRA to qualified charitable institutions.
“We started making gifts from our IRA years ago because it is an easy way for us
to make our gifts in a tax-efficient manner,” Jim shared. “Each year, I send a list of who we want to support to our Merrill Lynch IRA custodian, and they send the checks out directly from our IRA...a process that is so easy, it is just about automatic.”
The Qualified Charitable Distribution is a tax-savvy way to support a service line or program at Atrium Health that is important to you.
