FAQs about supporting the Tampa Bay Research Institute

FAQ’S OF GIVING

What are the benefits of giving to TBRI?

Your donations support an organization dedicated to the study, cure and prevention of cancer and other infectious diseases. You will receive a Charitable deduction on your Federal Income Tax return, if you itemize your deductions.

What amount can I give?

We accept any amount you would like to donate. TBRI has several levels of donor recognition. Consulting with your tax advisor or financial advisor is suggested before you make any gift.

Can TBRI accept distributions from my IRA?

On December 17, 2010, President Obama signed into law, H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The new expiration date for the IRA Charitable Rollover provision is December 31, 2011, which means that qualifying gifts made to eligible charities throughout 2011 will qualify for favorable tax treatment under the bill.

Qualifications include:

• Owners of traditional IRAs aged 70 ½ or older

• Transfers are made directly from the plan administrator to a qualified charity like TBRI. 

• No more than $100,000 per year (with this new bill, a donor may transfer up to $100,000 by January 31, 2011 for the tax year 2010 and $100,000 by December 31 for tax year 2011). 

I would like to leave a gift to TBRI in my will. What language should be used in the document?

I bequeath (specific dollar amount of percentage) to the Tampa Bay Research Institute Inc., 10900 Roosevelt Boulevard N., St. Petersburg, FL 33716-2308, an IRS Code 501 (c) (3) organization, with the tax identification number of 59-2076218.