Make Your IRA Gift Count
If you are 70 ½ or older, you can make a sizable gift from an individual retirement account (IRA) to Colorado Christian University AND reduce your taxable income.
Benefits of Giving From Your IRA
- Convenient: An easy way to give to Colorado Christian University.
- Tax-Wise: Distributions made directly to charity are not treated as taxable income. This is advantageous even if you don’t itemize deductions on your tax returns!
- Promises Kept: Gifts from your IRA can be used to fulfill any charitable giving pledges previously made.
- Impactful: Gifts are tax-free to Colorado Christian University. The entirety of your gift will go toward ministry!
Requirements of a Qualified Charitable Distribution
You can give from your IRA to a ministry without any federal tax liability, as long as the gifts are qualified charitable distributions (QCDs). Distributions qualify for all or part of your required minimum distribution (RMD).
- IRA holders must be age 70 ½ or older at the time of the gift.
- Give up to $108,000* per year, per person.
- Gifts must be outright gifts made directly to a charitable organization.
- Distributions to donor-advised funds, charitable trusts or charitable gift annuities are not permissible.
- Distributions may only be made from traditional IRAs or Roth IRAs; other retirement accounts are not eligible.
- You can give a one-time qualified charitable distribution (or multiple QCDs within a single year) totaling no more than $54,000* to fund a life income gift.
*As of January 2025. Indexed for inflation annually.
