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Having highly trained teachers early in life proved critical to my success, and my hope is that my gift will allow Fresno State to continue to educate qualified teachers of the Deaf now and forever. This is my lasting legacy as well as that of my parents. ~Joe Slotnick

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

IRA to Gift Annuity Rollover

Are you looking for a way to help further student success at Fresno State 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 $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 Fresno State

IRA to gift annuity video

How an IRA rollover to gift annuity works

  1. Contact us about creating an IRA rollover to gift annuity with Fresno State.
  2. You will be provided with a gift illustration that can be shared with your financial advisor. We will also discuss the impact you wish to make with your gift.
  3. Once a gift agreement is signed, contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $55,000 from your IRA to Fresno State.
  4. Your IRA gift will be invested and will help to fund your gift annuity payments.
  5. Please note that IRA gifts do not qualify for a charitable deduction.
  6. After you receive payments for life, there will be a future gift to us.

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.