IRA to Gift Annuity Rollover
Turn your IRA into guaranteed lifetime income while supporting the ministry you love.
If you're age 70½ or older, recent legislation allows you to make a one-time, tax-free transfer of up to $55,000 from your IRA to a charitable gift annuity. In return, you (and your spouse, if desired) receive fixed income payments for life, and your gift supports K-LOVE's ministry in the future.
Please note: K-LOVE partners with a trusted third-party organization to administer charitable gift annuities. Our Gift Planning Team will be happy to connect you and guide you through the process.
Benefits of an IRA to gift annuity rollover
- Receive lifetime fixed payments for you or you and your spouse
- May reduce your required minimum distribution (RMD) for the year
- Create a lasting impact that supports K-LOVE's mission of sharing God's love through music and ministry
IRA to gift annuity video
How it works
- Contact our Gift Planning Team to explore whether this giving option is right for you.
- We will connect you with our third-party charitable gift annuity provider, who will administer the annuity on your behalf.
- Instruct your IRA administrator to make a one-time qualified charitable distribution (QCD) of up to $55,000 to the provider.
- Your gift will fund a charitable gift annuity, which pays you a fixed income for life.
- After your lifetime, the remaining balance will be directed to K-LOVE to support ministry needs.
- You may designate your gift for a specific purpose if desired?just let us know.
Contact us
If you'd like to learn more about this giving opportunity, we'd be honored to help. Our Gift Planning Team will walk alongside you and connect you with the right resources to set up a gift annuity that reflects your heart for ministry.
