Qualified Charitable Distribution (QCD) or “IRA Rollover” Gifts for Donors Aged 70½ or Older

Gifts from Retirement Plans During Life Age 70½+ Diagram

How It Works

  1. You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to Winchester Hospital
  2. Plan administrator makes transfer as directed to Winchester Hospital

Benefits

  • Your gift is transferred directly to Winchester Hospital; since you do not receive the funds, they are not included in your gross income*
  • Your gift will count towards your minimum distribution requirement, which, under the 2019 SECURE Act, begins at the age of 72
  • You support the programs that are important to you at Winchester Hospital

*No income-tax deduction is allowed for the transfer.

More Information

Contact Us

Denise L. Flynn
Vice President, Philanthropy
781.756.2155
Denise.L.Flynn@Lahey.org

 

Winchester Hospital
41 Highland Avenue
Winchester, MA 01890

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