IRA Rollover to Charitable Gift Annuity

IRA Rollover to Charitable Gift Annuity

If you’re age 70½ or older and looking for a tax-smart way to give while generating income, an IRA rollover to a charitable gift annuity may be a great option.

This strategy allows you to use retirement assets to support Roger Bacon High School while receiving dependable payments for life.

How It Works

This giving option combines a Qualified Charitable Distribution (QCD) with a charitable gift annuity:

1. Initiate an IRA Transfer
   You request a one-time transfer—up to the allowable limit—from your IRA directly to Roger Bacon High School.
2. Fund a Gift Annuity
   The transferred funds are used to establish a charitable gift annuity in your name.
3. Receive Lifetime Payments
   You (and optionally your spouse) receive fixed payments for life.
4. Create a Future Gift
   After the annuity payments conclude, the remaining funds support Roger Bacon High School.

Key Benefits

This approach offers both income and tax advantages:

• Turn IRA assets into a steady stream of lifetime income
• Potentially reduce your required minimum distribution (RMD)
• Make a meaningful gift to support Roger Bacon’s mission
• Provide financial security for you and possibly your spouse

Important Considerations

• This is a one-time opportunity using IRA funds, subject to IRS limits
• Transfers must be made directly from your IRA to qualify
• Gifts made through an IRA rollover do not generate a charitable income tax deduction

A Smart Way to Give from Your IRA

For many donors, this strategy provides a unique opportunity to use retirement assets in a way that supports both personal financial goals and long-term charitable impact.