GIFT FROM YOUR IRA
A qualified charitable distribution (QCD) is a distribution of funds from your IRA directly to a qualified charitable organization. If you do not need all of your Required Minimum Distribution, and are 73 or older, you can request a QCD to benefit a charity and avoid the taxable income.
Your QCD gift can be applied to any fund at the Community Foundation (with the exception of Donor Advised Funds) or we can apply your QCD to a Giving Card to use on Give NCW and/or Give Methow campaigns.
Qualified QCD Gifts
Establishing a Fund
You can open a scholarship, field of interest, or designated fund to help achieve your charitable goals. Note: QCDs cannot be used to establish Donor Advised Funds.
Givng Cards
Your QCD can be used to issue a Giving Card that can be used to make donations over Give NCW and/or Give Methow campaigns containing over 150 qualified public charities in North Central Washington. Giving Cards must be used within 12 month of their issuance.
Legacy Funds
Our competitive grant program open to nonprofits in Chelan, Douglas, and Okanogan counties, is funded by Legacy Funds that have been established by community members to support their specific community. Those Legacy Funds provide vital core/unrestricted grant funding for our region's nonprofits.
- Cashmere Fund
- Chelan Valley Fund
- Methow Valley Fund
- Okanogan Valley Fund
- Upper Valley Fund
- Wenatchee Valley Fund
Programs and Services
We manage over 150 scholarships and over 70 funds for nonprofits that you can use your QCD to support. We also have an unrestricted fund, Partners in Giving, that we use to boost scholarship awards, increase grant award allotments, and other charitable activities that benefit the region.
Give Campaigns
The Community Foundation hosts two online giving campaigns each year - Give Methow in October and Give NCW in December. QCDs can be used to make donations to participating nonprofits.
To Make a Gift from Your IRA
- Contact your financial advisor or IRA custodian to make the request.
- The check will be made out to the "Community Foundation of NCW" along with your purpose or instructions for distribution.
- If you are using a QCD for Give Methow or Give NCW, the amount is loaded on a Giving Card that you can use to donate at your own leisure throughout the campaign.
For questions or more information, contact Denise Sorom at denise@cfncw.org or (509) 663-7716.