A Sweet Choice - IRA Charitable Rollover

While required minimum distributions (RMDs) from your IRA must begin at age 72, that does not mean you must pay taxes on it. Rather than take the distribution yourself, choose instead to direct it to the mission of Nationwide Children’s Hospital through an IRA charitable rollover, also known as a Qualified Charitable Distribution (QCD). In fact, a QCD from your IRA may be as close as you come to a perfect dessert.

EXPERIENCE SWEET SAVINGS.

A QCD can satisfy all, or part, of your RMD and allows you to donate up to $100,000 directly from your IRA to charity using pre-tax assets. If your spouse has a separate IRA, they can use it as well. Even if you do not itemize, or are subject to charitable deduction limits, the QCD allows you to give in a tax advantageous way. Because the distribution is excluded from your income, a QCD may help you avoid income that could push you into a higher tax bracket. It also minimizes the effect on your cash flow; the gift is from your assets, not your checkbook.

Contact your IRA custodian and let them know you intend to make a QCD to Nationwide Children’s. Provide your administrator with the necessary information and contact name below.

If you have questions or would like more information, contact:

Lori Caldwell Aiello, JD, CAP®

Director, Planned Giving Nationwide Children’s Hospital Foundation 700 Children’s Dr. * Columbus, OH 43205 Tax ID#31-1036370

614.355.5417 Lori.Aiello@NationwideChildrens.org

Helpful Hints

START EARLY.

It may take your IRA custodian a few weeks to process your gift before year end.

BE DIRECT.

To avoid taxes on distributions to charity, your IRA custodian must transfer your gift directly to Nationwide Children’s.

LET US KNOW.

If you decide to make a QCD to Nationwide Children’s, please let us know. If we know your gift is coming, we can be sure to record your gift and thank you properly. You can also designate your gift to a hospital program that is important to you.

HAVE A DIFFERENT TYPE OF RETIREMENT ACCOUNT?

Rollover gifts can only be made from an IRA. If you don’t have an IRA but you do have another retirement account, please contact us for ideas on what you can do to benefit from the IRA charitable rollover.

Nationwide Children’s Hospital Foundation does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Nationwide Children’s Hospital 700 Children’s Drive Columbus, Ohio 43205-2696

NONPROFIT ORG. U.S. POSTAGE PAID COLUMBUS, OH PERMIT NO. 777

The glow on their faces will be felt in your heart.

When your child is sick, your world stops, but the rest of the world keeps going. In this situation, we often hear “let me know if there is anything I can do.” Well, the team at Nationwide Children’s wants you to know, there is something you can do. You have the power to brighten patients’ lives during the holiday season. As this magical time of year approaches, we invite you to partner with us to provide world class care and support to families during their most challenging time.

This holiday season, when you donate to Nationwide Children’s, you will light up the hospital lawn with glowing butterflies for our patients to see and in doing so, light up their life. Beginning in mid-November, when a donation is made, butterflies will illuminate across the front lawn of the main hospital to be viewed by patients peering out of their rooms, and for the community as they pass by.

Join us today. Light up the Lawn, Light up a Life. Sponsorship opportunities are being offered for our lawn butterflies. Please contact Carrie DiNovo at (614) 355-5494 or Carrie.DiNovo@NationwideChildrens.org for more information.