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IRA to Gift Annuity Rollover

You may be looking for a way to help UIndy 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 the University of Indianapolis

How an IRA rollover to gift annuity works

1. Contact us for a personalized illustration.
2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) from your IRA to the University of Indianapolis.
3. Please note that IRA gifts do not qualify for a charitable deduction.
4. After you receive payments for life, there will be a future gift to the University of Indianapolis.

Next Steps:

1. Contact UIndy's Office of Gift Planning at 317-791-2553 or [email protected] for additional information on charitable gift annuities or to speak with Darcy about which life income gift is right for you.
2. Seek the advice of your financial or legal advisor.

The University of Indianapolis does not currently offer Charitable Gift Annuities to residents of Alabama, California, New Jersey, New York, North Dakota, Tennessee, or Washington.
Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.