IRA to Gift Annuity Rollover
Looking for a way to further the mission of WMU and enhance your income? If you?re 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 $54,000 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) in the year you make the gift.
- Help more Broncos pursue their purpose and thrive.
How an IRA rollover to gift annuity works
- Contact us about creating an IRA rollover to gift annuity with Western Michigan University Foundation.
- Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $54,000 from your IRA to Western Michigan University Foundation.
- We will use your IRA gift to fund your gift annuity payments.
- 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
Questions about an IRA rollover to a gift annuity? We're here to help! Please contact us for more information.
