Skip to Main Content

Maximize Your Giving Impact

Planned giving is personal, and your legacy should reflect what matters most to you. It is also flexible—you can make a difference without impacting your finances today.

Learn About Ways to Give
Lake Champlain

Giving Home > How to Give > IRA to Gift Annuity Rollover

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 rollover to fund a charitable gift annuity and receive fixed payments for life.

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.

IRA to Gift Annuity Rollover Overview

Benefits of an IRA to gift annuity rollover

  • Reduce your taxes with a one-time transfer of up to $55,000 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
  • Support the causes that matter to you

How an IRA rollover to gift annuity works

  1. Contact us about creating an IRA rollover to gift annuity with Vermont Community Foundation.
  2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $55,000 from your IRA to Vermont Community Foundation.
  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. At death, your remaining assets support the nonprofit named in the agreement.

Related Resources

Contact Us

If you have any questions about an IRA rollover to a gift annuity, please contact us. We would be happy to assist you and answer any questions you might have.