IRA to Gift Annuity Rollover
If you're 70½ or older and looking to support Oceana while enhancing your income, you can make a one-time IRA rollover to fund a charitable gift annuity, which will provide you with fixed payments for life.
Benefits of an IRA to Gift Annuity Rollover
- Lower your taxes with a one-time transfer of up to $54,000 from your IRA to a gift annuity.
- Receive lifetime fixed payments for yourself and, if you choose, for your spouse.
- Potentially reduce your required minimum distribution (RMD) for the year.
- Support Oceana!
How an IRA rollover to gift annuity works:
- Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $54,000 from your IRA to Oceana.
- A recommended other organization will use your IRA gift to fund your gift annuity payments.
- Please note that IRA gifts are not eligible for a charitable deduction.
- After you receive lifetime payments, the remaining balance will become a future gift to Oceana.
- If you'd like your future gift to be designated for a specific purpose, please let us know.
Contact us
If you have any questions about a IRA rollover to a gift annuity, please contact us. We would be happy to assist you and answer your questions. [email protected]