IRA Charitable Distributions

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Support Multiple Nonprofits with One IRA Charitable Distribution

We are helping adults 70½ years or older use their Individual Retirement Account (IRA) for charitable giving in a unique way.

With a single distribution to Community First Foundation, you can support multiple nonprofits through ColoradoGives.org. The transaction incurs no federal income tax, providing the full amount to charity and tax advantages to the donor.

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How It Works

IRS rules require adults who are 70½ or older to take minimum distributions (RMDs) each year from their tax deferred retirement accounts. Although withdrawals for personal spending are subject to income tax, qualified charitable distributions are not. Individuals can direct up to $100,000 per year from their IRA to a qualified charity.

Community First Foundation takes the IRA giving option one step further. After receiving the charitable distribution, we provide a Giving eCard in the full distribution amount. This eCard can be used any time of the year to support nonprofits featured on ColoradoGives.org, our online giving website.

Frequently Asked Questions

How to Get Started

Step 1. Complete the IRA Letter of Intent and send to Community First Foundation by mail to the address noted in Letter, email to philanthropy@CommunityFirstFoundation.org or fax to 720.898.5901.

Step 2. Complete the IRA Distribution Request Letter and provide to your IRA plan administrator.

Giving eCard Expiration Date
Giving eCards provided to you between January – November must be redeemed on ColoradoGives.org in the same calendar year. Distributions received in December will receive a Giving eCard that can be redeemed by the end of the following calendar year.

If you do not use your eCard by the expiration date, the unused dollars will be redirected to Community First Foundation’s unrestricted fund and used for an area of need.

 

Success Story
“I can’t be a grand patron for just one cause, but I can make modest gifts to several charities. Community First Foundation’s IRA program makes this really easy.”
IRA Program: Giving Made Easy
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