2022 Year-End Giving—Tax Advisory and Key Dates
The UC Foundation team, in its mission to foster charitable giving to the University of Cincinnati and UC Health, is committed to ensuring you are equipped with relevant and up- to-date information regarding your year-end giving.
Required Minimum Distributions by December 31: Each year the Internal Revenue Service reminds taxpayers over age 72 to take their required minimum distribution (RMD) by December 31. One exception to this applies to IRA owners who turned age 72 in 2022. These individuals may delay their first RMD until April 1, 2023. RMDs are generally required for most qualified retirement plans, some IRAs as well as 401(k), 403(b) and 457(b) plans.
IRA Charitable Rollover: The IRA Qualified Charitable Distribution is a unique federal provision which allows anyone 70½ years or older to make an outright gift directly from their IRA to the UC Foundation or other favorite charitable organizations of up to $100,000, without paying income tax on the distribution. To make a gift using an IRA charitable rollover, contact your retirement plan administrator well before the December 31 deadline to learn how to initiate the gift.
For more information on these giving strategies or any other questions, please contact the Office of Gift Planning at the UC Foundation at (513) 556-6064 or ucfgiftp@foundation.uc.edu.
The University of Cincinnati Foundation does not provide any legal or tax advice; please contact your own independent legal and tax counsel.
Important Dates
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Way to Give
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Deadline
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How To Contribute
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Checks
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Checks mailed to the UC Foundation via the U.S. Postal Service must be postmarked by Saturday, Dec. 31 to qualify as a 2022 tax deduction.
Mail from all other private mail companies (Fed EX, DHL, UPS) must be received by Friday, Dec 30.
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Mail to:
UC Foundation
51 Goodman St
Cincinnati, OH 45219
The University of Cincinnati campus is closed from Dec. 23- Jan. 2. Please coordinate with your development officer for pick up, if needed.
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Credit Cards
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Please make your credit card gift by 11:30 p.m. on December 31 to qualify as a 2022 tax deduction.
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Please visit giveto.uc.edu to securely make a gift or pledge payment.
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Mutual Funds or Publicly Traded Stocks
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Your gift must be posted to the Foundation account by Dec. 31 to count as a tax deduction for 2022.
Transactions can take time on the part of the originator, so please check to make sure you are aware of their deadlines.
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Please visit foundation.uc.edu/impact/stock-transfer or instructions and contact information.
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Cryptocurrency
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Your gift must be posted to The Giving Block account by 11:30 p.m. on Dec. 31 to count as a tax deduction for 2022.
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Please visit giveto.uc.edu/crypto to securely make a gift of cryptocurrency.
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We are happy to assist if you need help or have additional questions. Please call the UC Foundation's main phone line at (513) 556-6781.
Staff will be checking messages from Tuesday, Dec. 27, to Friday, Dec. 30 and until noon on December 31. During that time, you may also email foundation@uc.edu to connect with a staff member who can answer your questions or facilitate a gift.