Arapahoe Community College Foundation

Thank you Schomp Subaru for your generous support of the ACC community!

The 2022 Subaru Share the Love® Event is back and we are excited to be one of the many retailers participating! We are proud to support ASPCA, Make-A-Wish America, Meals on Wheels America, National Park Foundation and our local hometown charity Arapahoe Community College Foundation. Learn more: https://bit.ly/3EqT4VN.

Hello from the ACC Foundation. Hey y’all! Tax season will be here before you know it! Learn how the ACC Foundation can help you GIVE SMART with required minimum distributions.

Smart Philanthropy – Your RMDs

Savvy philanthropists are becoming increasingly aware of an option available to those taking Required Minimum Distributions from their IRAs. The strategy involves two dynamics: Required Minimum Distributions and High Standard Deductions.

Under current rules, people must start withdrawing from their IRAs after turning 72. These taxable withdrawals are mandatory and the penalty for not doing so is significant – 50% of any shortfall. While many people utilize these funds, many others would rather avoid these taxable distributions.

In addition, recent tax law has increased the Standard Deduction levels—and today, only a small percentage of people still itemize.

Here’s the strategy: Use your RMD to make your charitable donations.

With a Qualified Charitable Distribution (QCD), a person can support Arapahoe Community College with a gift from their IRA. Although these gifts are not deductible for tax purposes—if you’re no longer itemizing deductions, it really doesn’t matter. You still receive the Standard Deduction. And no income tax is due when you support the College with a QCD.

This strategy makes the most sense for people who:

Have sufficient retirement income from non-IRA sources
No longer itemize income tax deductions
Want to preserve available cash on hand
Have reached age 72 and must take RMDs

Learn more at arapahoe.edu/foreveracc or contact Courtney Loehfelm at [email protected] or 720.440.4666.

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There is never any expectation or obligation to complete a gift.

Hello from the ACC Foundation. We are all about GIVING to ACC! And we have some info to share when it comes to taxes and charitable gifts!

Are You Happy With Your Required Minimum Distributions?

For many people, IRA distributions represent a significant portion of income during retirement. During our working years, we set aside money on a tax-deferred basis – investing these funds to support us during our golden years. These accounts grow tax-free until they are eventually withdrawn.

It’s a powerful option for everyone as we prepare for retirement.

For some, however, these IRA withdrawals can create an income tax headache. Once we reach age 72, the IRS requires that we take a minimum withdrawal every year – a Required Minimum Distribution – whether we want the income or not. And these withdrawals are fully taxable, and we can’t skip them without facing a significant tax penalty.

There is an option, however. You could donate your Required Minimum Distribution to Arapahoe Community College. This option works well for people who:

Already have sufficient income from non-IRA sources
Claim the Standard Deduction for income tax purposes
Want to preserve available cash on hand (e.g. checking account)
Have reached age 72 and must take RMDs

This type of IRA gift is called a Qualified Charitable Distribution. And even though it doesn’t produce a charitable income tax deduction, if you’re no longer itemizing your deductions—it doesn’t matter. You’re still receiving full benefit from the Standard Deduction.

You would also preserve available cash—no big checks from your bank account. No income tax is due when we receive your QCD, as 100% would go to support current students. And, once again, a QCD also counts towards your Required Minimum Distribution.

For those who qualify (age 70½ and above), a QCD is something to explore.

For more information, please contact Courtney Loehfelm at [email protected] or 720.440.4666.

There is never any expectation or obligation to complete a gift.

Learn more at arapahoe.edu/foreveracc

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Climb Together, Move Together! The ACC Foundation is moving our social media channels! We will be transitioning away from this page - you can now find all things ACC Foundation within the main ACC social media channels!

Come follow us at Arapahoe Community College and look out for our hastags!

THANK YOU from the ACC Foundtion to all of those who attended the Affordable Arts Festival. This year's Festival saw +8k in attendees! TOGETHER you all helped raise ~$96k in scholarship dollars: this provides 48 ACC Students with $2k each to help pay for school!!

We can't wait to see you at this year's Affordable Arts Festival!! Back in full swing!

The Affordable Arts Festival returns to ACC on Sunday, Aug. 28 (9am-3pm). Shop thousands of pieces of fine art (painting, glass, clay, sculpture, metalwork, photography, mixed media, fiber and wood) at over 160 booths.

All art is priced at $100 or less. Admission is just $12 (online or at the gate) and proceeds from ticket sales benefit the Arapahoe Community College Foundation in support of scholarships for ACC art students. https://www.arapahoe.edu/events/affordable-arts-festival

The Spring Newsletter is here! Read about our ACC Alumni of the Year; the amazing work of the Career Services department who support current students and Alumni with all the opportunities; and with an intro note by John "JT" Trujilo, Chair of the ACC Foundation Board of Directors!

To get more updates and see what we do sent right to you inbox and mailbox, sign up for the ACC Foundation mailing list at arapahoe.edu/foundation

From the Foundation: Spring Newsletter The Puma Network has arrived! With an intro note by John Trujillo, ACC Board Chair Spring Newsletter 2022 V2 QUICK LINKS Foundation Website Give Now! Affordable Arts Festival ACC Career Services A Not

Thank you to our Board of Directors for your ongoing support of all ACC Alumni and students and for joining us at commencement today!

Happy Commencement! Come and swing by the ACC Alumni Network tent to grab some goodies and sign up for the new Alumni Network platform at arapahoe.edu/alumni.

See you tomorrow at Commencement! Look out for the Foundation Alumni Network tent and ask us all about the NEW ACC Alumni Network platform. Sign up today at arapahoe.edu/alumni

Grow your career and inspire current ACC students through the new ACC Alumni Network.

Check out career mentoring, volunteer opportunities, job postings and more! Learn about - or create your own - alumni events and reconnect with old friends. http://www.arapahoe.edu/alumni

We are super excited to share the new Alumni Network we have been putting together! Are you and ACC Alum, sign up today at arapahoe.edu/alumni

Are you an ACC alum? Are you preparing to graduate from ACC? Join the new ACC Alumni Network!

Build professional connections, stay in touch with former classmates, and check out alumni events. http://www.arapahoe.edu/alumni