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.
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) this year
- Help further the work and mission of Providence Mission Hospital Foundation
Single Life
Age | Rate |
---|---|
65 | 5.4 |
70 | 5.9 |
75 | 6.6 |
80 | 7.6 |
85 | 8.7 |
90+ | 9.7 |
2 Lives - Joint and Survivor
Younger Age | Older Age | Rate |
---|---|---|
65 | 65 | 4.7 |
65 | 66 - 67 | 4.8 |
65 | 68 - 70 | 4.9 |
65 | 71 - 73 | 5 |
65 | 74 - 77 | 5.1 |
65 | 78 - 95+ | 5.2 |
70 | 70 | 5.2 |
70 | 71 - 72 | 5.3 |
70 | 73 | 5.4 |
70 | 74 - 75 | 5.5 |
70 | 76 - 78 | 5.6 |
70 | 79 - 95+ | 5.7 |
75 | 75 | 5.8 |
75 | 76 - 77 | 5.9 |
75 | 78 - 79 | 6 |
75 | 80 - 81 | 6.1 |
75 | 82 - 83 | 6.2 |
75 | 84 - 86 | 6.3 |
75 | 87 - 95+ | 6.4 |
80 | 80 | 6.5 |
80 | 81 | 6.6 |
80 | 82 | 6.7 |
80 | 83 | 6.8 |
80 | 84 | 6.9 |
80 | 85 - 86 | 7 |
80 | 87 | 7.1 |
80 | 88 - 89 | 7.2 |
80 | 90 - 92 | 7.3 |
80 | 93 - 95+ | 7.4 |
85 | 85 | 7.7 |
85 | 86 | 7.8 |
85 | 87 | 7.9 |
85 | 88 | 8.1 |
85 | 89 | 8.2 |
85 | 90 | 8.3 |
85 | 91 | 8.4 |
85 | 92 - 95+ | 8.5 |
90 | 90 | 9.4 |
90 | 91 - 95+ | 9.5 |
91 | 91 - 95+ | 9.5 |
92 | 92 - 95+ | 9.5 |
93 | 93 - 95+ | 9.5 |
94 | 94 - 95+ | 9.5 |
95+ | 95+ | 9.5 |
How an IRA rollover to gift annuity works
- Contact us about creating an IRA rollover to gift annuity with Providence Mission Hospital Foundation.
- Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $54,000 from your IRA to Providence Mission Hospital Foundation.
- We will use your IRA gift to fund your gift annuity payments.
- Please note that 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
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.