Learn why your IRA gift matters.
Using Your IRA to Make a Tax-Wise Impact
One of the most tax-efficient ways to make a difference at °Ç¸ç³Ô¹Ï is through an IRA Charitable Rollover, also known as a Qualified Charitable Distribution (QCD). This simple giving option allows IRA owners an opportunity to satisfy Required Minimum Distributions (RMD) and reduce taxable income—all while investing in the training of future ministry leaders.
What Is an IRA Charitable Rollover?
An IRA Charitable Rollover provides a way for those age 70½ to further °Ç¸ç³Ô¹Ï’s mission by directly transferring funds from an Individual Retirement Account in a way that lowers income and reduces taxes from IRA withdrawals.
It’s a simple way to give more strategically—and more generously—while reducing your tax liability.
Key Benefits of an IRA Charitable Rollover
- Reduces your taxable income since QCD’s are excluded from income.
- Avoids taxes on direct IRA transfers to °Ç¸ç³Ô¹Ï of up to $111,000 per year.
- May satisfy your required minimum distribution (RMD) for the year.
- Provides immediate support for °Ç¸ç³Ô¹Ï students preparing for ministry.
How an IRA Charitable Rollover Works
1. Instruct your IRA plan administrator to make a gift directly from your IRA to °Ç¸ç³Ô¹Ï.
2. Your IRA funds will be sent by check or electronic transfer directly to °Ç¸ç³Ô¹Ï.
3. °Ç¸ç³Ô¹Ï will receive your gift and provide you with an acknowledgment for your records.
4. Your transferred amount will not qualify for a charitable deduction, but will not be treated as taxable income.
How to Initiate a Gift
• Contact your IRA plan administrator and request a gift from your IRA be sent directly to °Ç¸ç³Ô¹Ï (2020 N Academy Blvd, Suite 316; Colorado Springs, CO 80909). EIN #: 84-0635356
• Provide your custodian with the necessary instructions (many have online forms).
• Notify °Ç¸ç³Ô¹Ï so we can watch for your gift and thank you properly.
Why Your IRA Gift Matters
Every IRA Charitable Rollover gift provides real, immediate impact:
• Scholarships for students following God’s call
• Resources for faculty who shape tomorrow’s ministry leaders
• Support for online training programs
• Strengthening °Ç¸ç³Ô¹Ï’s mission to prepare Christlike servant-leaders
Your generosity helps students answer God’s call—and your tax-wise giving makes that support even more meaningful.
Contact Us
If you have any question about making an IRA Charitable Rollover gift, please contact Tim Keeton, Vice President for Development, at trkeeton@nbc.edu or (719) 884-5091.