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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to La Jolla Institute for Immunology. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution.

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Create Letter

Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section.

Qualified Charitable Distribution

Retirement-age individuals and couples may discover that they don't need income from their traditional IRAs in certain years or at all. In fact, since retirement account withdrawals are subject to income tax, some account holders may want to avoid taking their Required Minimum Distribution (RMD) for many reasons. One is that these withdrawals are subject to ordinary income tax and therefore can push owners into a higher tax bracket which can have adverse impacts on Social Security payments and Medicare benefits.

QCDs are a wonderful way to use your unused retirement assets to help further the mission of La Jolla Institute for Immunology (LJI), and potentially provide tax benefits to you and your estate at the same time.

Benefits of QCDs

• Support a cause you care about, like La Jolla Institute's goal of Life Without Disease
• Help you reach your required minimum distribution (RMD)
• Lower your taxable income. Some donors may find that the QCD provides greater tax savings than cash donations for which charitable tax deductions are claimed. This is because a QCD is excluded from Adjusted Gross Income (AGI), and AGI is used in several key calculations, such as determining the taxable portion of Social Security benefits, or what deductions and credits donors qualify for receiving.
• A QCD allows a donor to receive a tax benefit from a charitable contribution even if the donor does not itemize deductions. This is the result of the QCD being excluded from taxable income.

If you are considering a QCD, here is some helpful information to know:

• Many types of IRAs are eligible for QCDs including Traditional, Rollover, Inherited, SEP (inactive plans only), and SIMPLE (inactive plans only).
• You must be 70 ½ or older to be eligible to make a QCD.
• The maximum annual amount that can qualify for a QCD is $105,000. This applies to the sum of QCDs made to one or more charities in a calendar year. (If, however, you file taxes jointly, your spouse can also make a QCD from his or her own IRA within the same tax year for up to $105,000.)
• In order to qualify as a QCD and count towards your RMD, the funds must go directly from your IRA account to the charity. Funds distributed directly to you, the IRA owner, and which you then give to charity do not qualify as a QCD.
• While the QCD amount is not taxed, you may not also claim the distribution as a charitable tax deduction. Itemization is not required to make a QCD.

How to make a QCD

To get started with a QCD, contact your IRA plan administrator. As a qualified charity, LJI is set up to accept QCDs quickly and seamlessly, and your gift will immediately be invested in medical research that will improve the future of human health. If you have any questions, or would like to make us aware of your intentions to give a QCD to LJI, please contact Clare Grotting directly at [email protected] or (858) 752-6872.

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