A Lifetime of Thanks

Mission Moments

A Lifetime of Thanks

Snapshot of Thomas and Peggy Rubidoux

Thomas and Peggy Rubidoux

“My mother worked at the USO in the 1940s during the war. My Dad belonged to Catholic Charities. They taught us to give back. If I can help people, I can be happy knowing I did something,” said Mrs. Peggy Rubidoux.

Mrs. Rubidoux is no stranger to “doing something.” Her family has a long history of helping others through philanthropy and Mrs. Rubidoux was thrilled to learn about the CMH/OHSU Knight Cancer Center from her grandson, Christopher Laman, PharmD.

Chris is currently the director of pharmacy and cancer services at CMH and has been instrumental in the design of the new cancer center. His grandmother has a lot to be proud of and it’s clear that Chris’s excitement about what the cancer center will bring to patients has spread to his grandmother. “It’s such a wonderful project and so important. I’m glad to be part of it,” she said.

Chris Laman, PharmD

When Mr. Thomas Rubidoux passed away five years ago, one of the assets he left was an IRA. Every month Mrs. Rubidoux would look at the statement and wonder what to do with it—it wasn’t really earning much, she couldn’t easily pass it along to heirs and she was paying fees. Once she decided to honor her grandson with a gift to the cancer center, she knew the perfect way to do it—the IRA!

By transferring her IRA to CMH Foundation, Mrs. Rubidoux lowered her taxable income, reduced her yearly, taxable income and capital gains taxes. But, most importantly, she is part of building something that will become one of our region’s most treasured assets.



WHAT IS AN IRA ROLLOVER GIFT? Recently, Congress made the IRA rollover provision permanent. This means that if you are 70½ or older you can make a charitable gift of up to $100,000 from your IRA. Your gift will qualify for your required minimum distribution and you will not have to pay federal income tax on the amount given from your IRA to charity.

WHY USE YOUR IRA:  An IRA rollover gift is a tax-exempt distribution. Qualifying individuals can make charitable gifts using pre-tax IRA assets rather than taking a distribution, paying income taxes and using after-tax assets to make a charitable gift.

HOW TO MAKE AN IRA ROLLOVER GIFT TO US To make an IRA rollover gift, simply contact your custodian and request that an amount be transferred to your favorite charity. Your gift could be $1,000, $10,000, $50,000 or even up to $100,000.

AN IRA ROLLOVER MAKES SENSE! If you are like many donors, you could be paying higher taxes this year. By transferring some of your IRA required distribution to your favorite charity, you can lower your taxable income. With lower taxable income, you could reduce your income and capital gains taxes this year. Check with your advisor to see how an IRA rollover gift could impact your taxes while helping others.

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