Tax-saving and giving opportunity

PLEASE NOTE: This law allowing tax-free IRA rollovers to the Medical Center expired December 31, 2009. Congress is considering a renewal of this legislation. Please check with us for further updates before making a gift from your IRA account.

Congress revised tax laws for 2008 and 2009 to permit you to make a charitable gift from your individual retirement account (IRA) without incurring tax consequences (if you are at least age 70½).

Your IRA transfer of up to $100,000 in the years 2008 and 2009 will not be included in your taxable income and is not tax-deductible. However, you can count it toward your “minimum distribution requirement.”

IRA-Gift Guidelines

• Qualify at age 70½ or older
• Donate up to $100,000 a year
• Make the gift before December 31
• Transfer funds directly from an IRA you own
• Counts toward your “minimum distribution requirement”
• Excluded from your taxable income
• Cannot claim a tax deduction for an IRA gift

Instructions to Transfer Your Gift

Ask your IRA custodian to transfer your gift amount directly to California Pacific Medical Center using the language in the sample letters:

• Letter to your IRA administrator
• Letter to California Pacific

Personal Assistance

Barbara Lowe
415-600-2769 or e-mail