Year-End Giving—Changes for 2021

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.

Several provisions of the CARES Act, enacted by Congress in 2020 with the goal of providing support to American families and stimulus to our economy in response to the challenges resulting from the COVID-19 global pandemic, will expire at the end of this year. You may want to consider discussing these strategies with your financial or tax adviser.

Deductions Available: An above-the-line charitable deduction of up to $300 per filing unit is available for those donors who take the standard deduction on their taxes. This deduction effectively reduces a donor’s adjusted gross income (AGI), therefore lowering the taxable income.
*Note: Gifts to a donor advised fund (DAF) do not qualify donors for this deduction.

Increase in AGI Limit: Donors who itemize may elect to apply a 100% of AGI limit to cash gifts made to public charities, up from 60% before 2020. Corporation limits have been increased to 25% of taxable income, up from 10%. One way to take advantage of this opportunity is to bunch multiple years of gifts in 2021, or pre-pay your pledges this year. This special incentive also expires at the end of 2021.
*Note: Gifts to a donor advised fund (DAF) do not qualify donors for this deduction.

The University of Cincinnati Foundation does not provide any legal or tax advice;
please contact your own independent legal and tax counsel.

Important Dates

Way to Give

Deadline

How To Contribute

Checks

Check mailed to the UC Foundation must be postmarked by December 31 to qualify as a 2021 tax deduction.

Mail to:

UC Foundation
PO Box 19970
Cincinnati, OH 45219

The University of Cincinnati campus is closed from Dec. 18-31. Please coordinatewith your developmentofficer for pick up, if needed.

Credit Cards

Please make your credit card gift by 11:30 p.m. on December 31 to qualify as a 2021 tax deduction. Please visit giveto.uc.edu to securely make a one-time gift or pledge payment.

Mutual Funds or Publicly Traded Stocks

Your gift must be posted to the Foundation account by December 31 to count as a tax deduction for 2021. Transactions can take time on the part of the originator, so please check to make sure you are aware of their deadlines. View Transfer Instructions

We are happy to assist if you need help or have additional questions. Please call the UC Foundation’s main phone line 513-556-6781. Staff members will be checking messages throughout the day from Monday, Dec. 20 to Thursday, Dec. 31. During that time, you may also email foundation@uc.edu to be connected with a staff member who can answer your questions or facilitate a gift.