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Stock Donations

Support LiftUp by making a donation of stock through our Wells Fargo Advisors account. To give a donation from your stock portfolio, contact our Director of Development & Marketing at development@liftuprc.org or call 970-875-3450.

Fundraising Events

If your business or organization is interested in hosting an event with LiftUp as the beneficiary, please contact our Director of Development & Marketing at development@liftuprc.org for brand materials, year-to-date statistics, current needs, and more.

We are honored to be good stewards of your monetary gifts to us and will ensure your donations benefit the community. Donate now and watch how your gift helps your neighbors.

If you donation questions, please reach out to our Director of Development & Marketing at development@liftuprc.org

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Monthly Giving Program

The Hope Collective

Joining our monthly giving program, The Hope Collective, creates predicable revenue for our food banks and assistance programs and makes you a regular, important part of our mission! A collective is defined as a group that shares, or is motivated by, at least one common issue or interest. We are all invested in providing assistance and LiftUp to our neighbors and children in need!

Learn more about monthly giving!

Donating to Charity Using Money from an IRA

Money from an individual retirement account can be donated to LiftUp. What’s more, if you've reached the age where you need to take required minimum distributions (RMDs) from your traditional IRAs, you can avoid paying taxes on them by donating that money to charity. That tax break was made permanent in 2015.

You just have to be sure to follow the rules carefully. Here's the basics of what you need to know:

  • Funds from an IRA can be used for charitable donations if done correctly.
  • Tax breaks on charitable donations cannot be combined with the tax break on retirement savings.
  • The IRS has established rules to make sure qualified charitable distributions are made properly.

How does it work?

Normally, a distribution from a traditional IRA incurs taxes since the account holder didn’t pay taxes on the money when they put it into the IRA. But account holders aged 70½ or older who make a contribution directly from a traditional IRA to a qualified charity can donate up to $100,000 without it being considered a taxable distribution. The deduction effectively lowers the donor's adjusted gross income (AGI).

To avoid paying taxes on the donation, the donor must follow the IRS rules for qualified charitable distributions (QCDs)—aka, charitable IRA rollovers. Most churches, nonprofit charities, educational organizations, nonprofit hospitals, and medical research organizations are qualified 501(c)3 organizations. The charity will also not pay taxes on the donation.

What is an RMD?

A required minimum distribution (RMD) is the amount of money that must be withdrawn from an employer-sponsored retirement plan, traditional IRA, SEP, or SIMPLE individual retirement account (IRA) by owners and qualified retirement plan participants of retirement age.

In 2020, the age for withdrawing from retirement accounts changed. You must begin withdrawing from a retirement account by April 1 following the year account holders reach age 72 (prior to 2020, the RMD age had been 70½ years old). The retiree must then withdraw the RMD amount each subsequent year based on the current RMD calculation.

Next steps:

For further information on making a charitable donation through your IRA please consult your financial planner or tax professional.

Information provided here is for educational purposes only sourced from Investopedia and does not constitute tax advice.

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