Retirement Account

A Tax-Smart Way to Support Memorial Sloan Kettering

Donations of retirement account assets are among the most tax-smart gifts you can make to the Center. Although IRAs and 401(k) accounts are excellent vehicles for accumulating assets for your use during retirement, they are far less effective for transferring wealth to your loved ones. Those who inherit your retirement plan assets could see nearly 60 percent of the value depleted by federal and state income and estate taxes. The only exceptions are distributions from a Roth IRA, which are usually tax-free, and distributions on nondeductible contributions made to a conventional IRA.

If you choose to contribute all or part of these assets to MSK, however, our status as a nonprofit organization means that we can use 100 percent of your gift to support our lifesaving work.

Supporters 70½ or older can transfer any amount up to $100,000 directly from an IRA to MSK without tax complications. Your spouse also can give $100,000 from his or her own IRA if he or she is 70½ or older. The gift does not generate taxable income or a tax deduction. You can even transfer the exact amount of your required minimum distribution if you don't wish to receive the taxable amount or pay taxes on it. Contact MSK or your IRA administrator to learn more.

Learn More

Discover how to use the IRA charitable rollover to make a gift to MSK.

View my guide

Get Started

Use our form to initiate your IRA rollover gift.

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Next Steps

  1. Contact the administrator of your IRA or retirement plan to request a change-of-beneficiary form.
  2. Name Memorial Sloan Kettering Cancer Center as a beneficiary of all or a percentage of the plan’s value.
  3. Return the updated form to the plan administrator.
  4. Contact our Office of Planned Giving staff for information or assistance. Notifying us of a gift intention allows us to thank you and make sure we have a clear understanding of your plans. It also gives us an opportunity to welcome you into the Cullum Society. Your notification will be treated confidentially, if you so desire. Toll free: 800-688-1827
    E-mail: plannedgiving@mskcc.org
  5. Please use our legal name, address, and Federal Tax ID if incorporating the Center into your plans:

Legal Name

Memorial Sloan Kettering Cancer Center
1275 York Avenue, New York, NY 10065

Federal Tax ID #

13-1924236

Contact Us

Our staff is available to help, in confidence and without obligation.

Toll free: 800-688-1827
E-mail: plannedgiving@mskcc.org

If you have included MSK in your estate plans, please let us know.