IRA to Gift Annuity Rollover
If you are 70½ or older, you can make a one-time IRA rollover to fund a charitable gift annuity and receive fixed payments for life.
Benefits of an IRA to gift annuity rollover
- Reduce your taxes with a one-time transfer of up to $53,000 from your IRA to a gift annuity.
- Receive lifetime fixed payments for you and, if you choose, for your spouse.
- Potentially reduce your required minimum distribution (RMD) this year.
- Make a lasting impact on your parish, school, or favorite ministry.
How an IRA rollover to gift annuity works
- Contact The Catholic Foundation about creating an IRA rollover to gift annuity.
- Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $53,000 from your IRA to The Catholic Foundation.
- We will use your IRA gift to fund your gift annuity payments.
- Please note that IRA gifts do not qualify for a charitable deduction.
- After you receive payments for life, there will be a future gift to your designated charity.
Contact us
Please contact us if you have questions about an IRA rollover to gift annuity.