IRA Charitable Distributions

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Support Multiple Nonprofits with One IRA Charitable Distribution

We are helping adults 70 1/2 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 72 years 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.

This popular gift option is commonly called the IRA charitable rollover, but it’s also referred to as a qualified charitable distribution, or QCD for short. The timing is great since the SECURE Act preserved the ability to make a QCD at the age of 70 ½ even though the RMD was bumped to age 72. Of course, donors should seek the advice of their financial advisors.

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

Complete the IRA Letter of Intent and send to Community First Foundation by mail to the address noted in Letter, or email to philanthropy@CommunityFirstFoundation.org to inform us of the payment incoming (if you can cut a check directly from your account we still ask you complete this step for our records). There is also a copy of a IRA Distribution Request Letter if your IRA manager needs that at the same link. Payment is sent to: 

Community First Foundation
5855 Wadsworth Bypass, Unit A
Arvada, CO 80003 

When considering how much to send, please keep in mind that if you want to cover the 3.99% processing fee so that the full intended amount gets distributed to the nonprofits, then you need to factor that into the calculation of the total amount. If you do not cover the fee, 2.05% will be deducted when the donation is distributed to the nonprofits. 

 Once we receive that check we will send you an online Giving Card that can be used to make donations to the nonprofit of your choice at Coloradogives.org. 

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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