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

IRA to Gift Annuity Rollover

Are you 70½ or older and looking for a meaningful way to support Utah Valley University while also enhancing your financial security? By making a one-time IRA rollover to fund a charitable gift annuity, you can receive fixed payments for life, all while helping UVU empower students and strengthen our community. It's a powerful way to turn your retirement assets into a legacy of impact.

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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
  • Help further the work and mission of Utah Valley University

How an IRA rollover to gift annuity works

  1. Contact us about creating an IRA rollover to gift annuity with Utah Valley University.
  2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $55,000 from your IRA to Utah Valley University.
  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. After you receive payments for life, there will be a future gift to us.
  6. Please contact us if you wish your future gift to be used for a specific purpose.

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.