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Your generosity provides families fighting poverty and hunger with hope, meals, and preserved dignity.

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Gift Planning Resources

Explore additional resources to help you with your tax planning and making a gift in support of our mission. Contact us for more information about ways you can support our organization or let us know if you have given to us in the past.

Giving Home > How to Give > IRA to CGA

IRA 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 IRA rollover to fund a charitable gift annuity and receive fixed payments for life.

Benefits of an IRA to CGA 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 Food For The Poor

IRA to CGA video

How an IRA to CGA works

  1. Contact us about creating an IRA to CGA with Food For The Poor.
  2. Contact your IRA plan administrator to make a one-time qualified charitable distribution (QCD) of up to $55,000 from your IRA to Food For The Poor.
  3. We will use your IRA gift to fund your charitable 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 an IRA to CGA, please contact us. We would be happy to assist you and answer any questions you might have.