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IRA Distributions

(828) 233-2700

Office Phone

Make your growing IRA efficiently work for your desired support of Pardee Hospital Foundation.

Benefits

Immediately impact the mission of advancing community healthcare and well-being
You can avoid taxes on transfers of up to $108,000 from your IRA to Pardee Hospital Foundation
Satisfy your required minimum distribution (RMD) for the year if you are 73 years or older
Reduce your taxable income, even if you do not itemize deductions
Make a donation that is not subject to the deduction limits on charitable gifts

How it Works

Contact your IRA plan administrator to make a gift from your IRA to Pardee Hospital Foundation
Your IRA funds will directly transfer to Pardee Hospital Foundation to help support healthcare
Please note that IRA Qualified Charitable Distribution gifts do not qualify for a charitable deduction
Please contact us at (828) 233-2700 if you wish for your gift to be used for a specific purpose

Why I give through my IRA - by E.K.

I started donating to Pardee Hospital a couple of years ago because of the help and support they provided to me and to a family member who was treated for cancer. My initial donations were personal checks written and donated to Pardee. When the time came for me to start taking the Required Minimum Distribution (RMD) from my IRA, I changed how I was giving.

A Qualified Charitable Distribution (QCD) allows me to transfer stock/funds directly from my IRA to a qualified charity like Pardee Hospital and reduces the amount of taxable income from my RMD.

It’s a win for the hospital because they get money from their sale of the stock and I reduce my taxable income coming from my RMD. A win for all!