IRA to Gift Annuity Rollover
You may be looking for a way to help further our mission and enhance your income. 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
- Help further the work and mission of Millersville University Foundation
How an IRA rollover to gift annuity works
- Contact us about creating an IRA rollover to gift annuity with Millersville University Foundation.
- Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $53,000 from your IRA to Millersville University 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 us.
- Please contact us if you wish your future gift to be used for a specific purpose.
Contact us
If you have any questions about an IRA rollover to a gift annuity, please contact us. We would be happy to assist you and answer any questions you might have.
get help with your gift plans
If you are interested in learning about ways you can support our organization or how to maximize the impact of your giving, we have a number of resources to assist you.
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tell us about your gift
If you have included or are considering including a gift to Millersville University Foundation as part of your estate plan or in the form of another gift, please let us know.
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