Other Ways to Give
Qualified Charitable Distributions
If you’re 70-1/2 or older, you can donate up to $105,000 per tax year directly from an Individual Retirement Account (IRA) to Wings Over the Rockies Air & Space Museum.
Qualified Charitable Distributions (QCD), or IRA charitable rollovers, are a great way to support Wings Over the Rockies. Here’s how a QCD works:
- You must be 70-1/2 or older at the time of gifting your IRA to charity.
- You may distribute an amount, up to $105,000 in a calendar year, to one or more public charities, so long as it is completed by December 31 of that year.
- Your IRA administrator must make the distribution directly to the charity, or you may write a check to the charity from your IRA checkbook. Funds that are withdrawn by you and then contributed do not qualify.
Benefits of making an IRA gift
QCDs count toward your required minimum distribution for the year. As an added benefit, you’ll avoid paying income tax on your gross income up to $105,000.
How to make a Qualified Charitable Distribution to Wings Over the Rockies
- Contact your IRA administrator and instruct them to transfer funds to Wings Over the Rockies.
- Help us credit your gift by having your administrator include your name and address.
- Mail distribution check to:
Wings Over the Rockies
7711 East Academy Blvd.
Denver, CO 80230
Make a Gift of Stock
If you own stock for more than one year that has gone up in value, you can donate the stock to Wings, receive a tax deduction equal to the fair market value of the stock at the time of the transfer (its increased value), and never pay capital gains tax on the appreciated value of the stock. Consider your long-term publicly traded stock for a charitable donation or ask your advisor about the best asset to contribute.
What is a qualified charitable distribution?
Generally, a qualified charitable distribution is an otherwise taxable distribution from an IRA (other than an ongoing SEP or SIMPLE IRA) owned by an individual who is age 70½ or over that is paid directly from the IRA to a qualified charity.
King Soopers Community Rewards
Support Wings every time you buy groceries! King Soopers will donate on your behalf based on your regular shopping at no cost to you! Our organization ID is GR473.
Tax ReFUND Colorado
Donate a portion of your Colorado tax refund to Wings Over the Rockies! It’s simple, fast and puts you in charge of where your donation goes.
