Making a gift of appreciated securities (publicly traded stocks, bonds and mutual fund shares) or a Qualified Charitable Distribution(QCD) from a traditional IRA – is a tax-smart way to support our work.
How it Works
A Qualified Charitable Distribution (QCD) is a tax-efficient strategy for individuals 70½ or older to directly transfer funds from a traditional IRA to an eligible charity. Because the funds go directly from the IRA to the charity, the withdrawal is not taxed, allowing you to lower your Adjusted Gross Income and avoid higher tax brackets.
When you donate appreciated securities in support of our mission, you can reduce or even eliminate capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable contribution deduction based on the fair market value of the securities at the time of transfer.
Here’s an overview of the process:
- Transfer your appreciated securities to Cancer Wellness Center before selling.
- Cancer Wellness Center then sells the securities and uses the proceeds to fund cancer support care.
Please consult with a qualified financial advisor or tax professional about your charitable donations.
For more information
Contact our Development team for more information.
Rated 96% by
Four-Star Charity — Highest Trust Rating
Charity Navigator, the leading nonprofit evaluator in the U.S., awarded us a 96% score for accountability, financial transparency, and community impact. This Four-Star rating places us among the most trusted cancer-support organizations nationwide.
Tax Information
As a 501(c)(3) organization, Cancer Wellness Center is eligible to receive distributions from most donor-advised funds.
Legal Name:
Cancer Wellness Center
Address:
215 Revere Drive, Northbrook, IL 60062
Federal Tax ID Number (EIN):
36-3604463