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Planned Giving

Charitable Gift Annuity from IRA Rollover

Fund a Charitable Gift Annuity with Your IRA

Gift Annuity
IRA (Custodian)
Donor
Gift Annuity
Bethel
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Give from Your IRA and Receive a Lifetime of Payments

You may be looking for a way to help further our mission and enhance your income. If you are over 70 you can receive a lifetime of payments in return for a one-time rollover contribution to Bethel University from your IRA account.

Benefits of an IRA 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 Bethel University.

Example

Consider Steve, a 75-year-old who would like to make a special contribution to support the ministry of Bethel University. Steve has an IRA, and knows that he is facing a Required Minimum Distribution (RMD) this year. Steve knows that his RMD is going to increase his income tax. Instead of withdrawing the funds from his IRA, Steve instructs his IRA custodian to make a $53,000 QCD directly to Bethel in exchange for a charitable gift annuity which will pay him $3,498 (6.6%*) per year for the rest of his lifetime. Steve understands that he is allowed to make this election only one time, but he is looking forward to securing a stream of payments for his lifetime, meeting or reducing his RMD for the year and making a generous contribution to Bethel University.
* For illustration purposes only. Actual rates may differ. Contact us for your personalized illustration.

How an IRA rollover to gift annuity works

  • Contact us about creating an IRA rollover to gift annuity with Bethel University.
  • Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $53,000 from your IRA to Bethel University.
  • We will use your IRA gift to fund your gift annuity payments.
  • Please note that IRA gifts do not qualify for a charitable deduction.
  • The annuity payments must commence no later than one year from the date of funding.
  • After you receive payments for life, there will be a future gift to support Bethel students, which you can designate to a program you are passionate about or a memorial scholarship.

Gift annuities are easy to set up and the payments you receive are backed by the general resources of Bethel.

Contact us to learn more or to request your personalized proposal for an IRA Gift Annuity.

The example on this page is for illustrative purposes only, to find out how an IRA Gift Annuity would work for you contact us for a personalized illustration.

If you have been so generous as to include a charitable gift annuity to Bethel University as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.

Doris Johnson

A Legacy Past, Present, and Future

Doris (Swanson) Johnson '66 has family connections extending all the way back to Bethel's founder. Over a lifetime of giving, she and her husband Dennis '63, who passed away in 2019, have made their own connections with generations of students, who will continue to be impacted by the Johnsons' legacy far into the future. Read more


Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Bethel University.

Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.

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Bethel students are called to be whole and holy people that bring the light of Christ into the world.

Join us in raising the next generation of faith-filled leaders and adventurous Christ-followers. Your legacy gift will have a lasting impact for generations to come.