Plan Now to Make a tax-Free Gift From your IRA

Support Sentara Martha Jefferson Hospital Philanthropic Priorities

Make a gift to Sentara Martha Jefferson Hospital that can count toward your required Minimum Distribution.

If you are 70½ years old or older, you can take advantage of a simple way to benefit Sentara Martha Jefferson Hospital and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as Martha Jefferson without having to pay income taxes on the money.

The law no longer has an expiration date, so you are free to make annual gifts to our organization this year and well into the future.

How it works:

  • Instead of taking your Required Minimum Distribution (RMD), you can make a qualified distribution of up to $100,000 per person from your IRA to Sentara Martha Jefferson Hospital.
  • This can count toward your RMD.
  • Although there is no tax deduction, the amount you distribute to us from your IRA is excluded from your income for federal purposes, therefore, you pay no income tax on this amount.
  • The full amount of the IRA Charitable Rollover supports the philanthropic priorities of Sentara Martha Jefferson Hospital because we are not required to pay income tax on this amount.
  • There is no need to wait until the end of the year to make your distribution but to satisfy your 2017 RMD, the distribution must be completed by December 31, 2017.

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For more information, please contact Ray Mishler, Vice President and CDO or Cathy Sedwick, Director of Philanthropy or call the Foundation office at (434) 654-8258.

MARTHA JEFFERSON HOSPITAL FOUNDATION

500 Martha Jefferson Drive
Charlottesville, Virginia 22911
Phone: (434) 654-8258
Fax: (434) 654-7316
MJH_Foundation@sentara.com

 

 

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