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Tax-Efficient Gifts

Qualified charitable distributions (QCD) transferred from your individual retirement account (IRA) are not taxed and can satisfy your required minimum distribution (RMD) for those donors ages 70.5 and older. While QCDs from an IRA cannot be accepted when goods or services from Montefiore are provided, up to $100,000 can be funds directly from a traditional or rollover IRA. To make a gift, please contact your IRA administrator, and then call the Montefiore and Einstein Office of Development at 718.920.6656 to share your intentions.

Similarly, stocks, mutual funds, bonds, or other publicly traded securities can be transferred as gifts that are both tax-deductible at market value and not taxed for capital gains on the appreciation of the asset. To initiate a transfer, please first consult with your tax advisor, as certain limitations to deductions may apply. Then, please contact Nadine Vatau at nvatau@montefiore.org to arrange the transfer. Montefiore’s tax ID number is 13-1740114.

Donors can also earn income for themselves and beneficiaries through the establishment of Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT) to benefit Montefiore/Einstein. Life income gifts made through CGAs and CRTs qualify for a variety of tax benefits, and be set up through your financial or legal advisor with Montefiore/Einstein included with our legal name, address, and tax ID number:

Legal Name: Montefiore Medical Center
Address: 111 East 210th Street, Bronx, NY 10467
Federal Tax ID Number:
13-1740114