Colorado Gives Foundation is a 501(c)(3) public charity and thus qualifies to receive these funds. As of 2024, a qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to donate up to $105,000 annually to one or more charities directly from a taxable IRA. QCDs from your IRA must be received no later than December 31 to qualify as all or part of your RMD. Please allow sufficient time for the check to be mailed and processed before the end of the year.
A QCD is a great way to achieve your philanthropic goals while also reducing all or part of your annual required minimum distributions (RMD). Please consult your tax advisor with any additional questions.