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 Qualified Charitable Distribution to fund a charitable gift annuity and receive fixed payments for life.

IRA to Gift Annuity Rollover

IRA Qualified Charitable Distribution

Gift Annuity

Donor

CFO

Benefits of an IRA to gift annuity rollover

• Reduce your taxes with a one-time transfer of up to $50,000 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 Catholic Foundation of Oklahoma, Inc.

How an IRA Qualified Charitable Distribution to gift annuity works

1. Contact us about creating an IRA Qualified Charitable Distribution to gift annuity with Catholic Foundation of Oklahoma, Inc..
2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $50,000 from your IRA to Catholic Foundation of Oklahoma, Inc..
3. We will use your IRA gift to fund your gift annuity payments.
4. Please note that IRA gifts do not qualify for a charitable deduction.
5. After you receive payments for life, there will be a future gift to us.
6. 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 Qualified Charitable Distribution to a gift annuity, please contact us. We would be happy to assist you and answer any questions you might have.