ESTATE AND PLANNED GIFTS

You can create a meaningful and tax-saving gift that will have an impact on the Auburn Family for generations to come.

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Gift Planning

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IRA Qualified Charitable Distribution to Gift Annuity

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

Benefits of a QCD to gift annuity

  • 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 teaching, research and outreach of Auburn University

How a QCD to gift annuity works

  1. Contact us about creating a QCD to gift annuity with the Auburn University Foundation.
  2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $53,000 from your IRA to the Auburn University Foundation.
  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 to let us know how you want your future gift to be used.

Contact us

If you have any questions about an IRA Qualified Charitable Distribution to a gift annuity, please contact us. We would be happy to assist you and answer any questions you might have.

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