Philanthropy that Works for Your Life
The AACR understands that each person and each stage of life is unique. We greatly appreciate the support of our donors and we want to be sure we offer you ways to continue to partner with us in our work while also recognizing that your philanthropy must fit your situation. Here are some options of ways to give today or include us in your legacy planning.
Giving Through Your IRA
The IRA charitable rollover, or qualified charitable distribution (QCD), is a tax-wise giving option for donors age 70 ½ and older. The tax law allows eligible individuals to transfer up to $100,000 tax-free from an IRA directly to a charitable entity, like the AACR. Under normal circumstances, an IRA charitable rollover would count toward someone’s yearly required minimum distribution (RMD). However, the CARES Act waives the RMD requirement for IRAs and defined-contribution retirement plans for 2020.
Consider a gift to the AACR through your IRA. Simply request a form from us or speak with your plan administrator.
Giving Through a Donor-Advised Fund
A donor-advised fund (DAF) is a simple, flexible, and tax-efficient way to support the mission of the AACR. Consider recommending the AACR as an organization to support through your donor-advised fund. The sponsoring organization of your DAF will handle all the record-keeping, disbursements, and tax receipts, allowing you to simplify your charitable giving and focus on your philanthropic goals.
Did you know that you can also name the AACR as a beneficiary/successor of your account? A legacy commitment to the AACR ensures a lasting impact on scientific discovery and innovation in the treatment and prevention of cancer for generations to come.
Planning Your Legacy
The AACR partnered with FreeWill to provide you the ability to write your legal will for free. August was National Make-a-Will Month, but it’s not too late to get started. For most people this process only takes 20 minutes.
One of the most powerful ways to help the AACR drive progress against cancer is to name the AACR as a beneficiary in your will.