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Qualified Charitable Distribution to CGA

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 Qualified Charitable Distribution to CGA to fund a charitable gift annuity and receive fixed payments for life.

Benefits of a Qualified Charitable Distribution 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 Rochester Institute of Technology

How a Qualified Charitable Distribution to CGA works

1. Contact us about creating a Qualified Charitable Distribution to CGA with Rochester Institute of Technology.
2. Contact your IRA plan administrator to make a one-time Qualified Charitable Distribution to CGA of up to $53,000 from your IRA to Rochester Institute of Technology.
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 a Qualified Charitable Distribution to CGA, please contact us. We would be happy to assist you and answer any questions you might have.