Tax Advisory for Year-End Giving — 2024

The UC Foundation team, in its mission to foster charitable giving to the University of Cincinnati and UC Health, is committed to providing relevant and up-to-date information regarding your year-end giving.

IRA Charitable Rollover (Qualified Charitable Distribution, or QCD)
You can give up to a maximum of $105,000 this year from your IRA directly to a nonprofit organization, such as the UC Foundation, without having to pay income taxes on the money.

To make a gift using an IRA charitable rollover, contact your retirement plan administrator in early December to learn how to initiate the gift. The Office of Gift Planning can provide an instruction letter to begin the transfer.

Important: The gift date of a QCD is the date the funds leave the donor’s IRA account, not the date the check is mailed or delivered. If the IRA administrator is issuing the check directly to the charity, in most cases the administrator removes the funds from the IRA account when issuing the check and that date is what will be reported on Form 1099-R. If the donor has check writing ability for their IRA, the gift will not be complete until the charity cashes the check, and the funds leave their account.

For more information on these giving strategies or any other questions, please contact the Office of Gift Planning at the UC Foundation at 513-556-6781 or giftplanning@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 for Year-End Giving — 2024

Ways to Give	Deadline	How to Contribute
Checks	Checks mailed to the UC Foundation via the U.S. Postal Service must be postmarked by Tuesday, Dec. 31 to qualify as a 2024 tax deduction. All other private mail companies (Fed Ex, DHL, UPS) must be received by Tuesday, Dec. 31.	Mail to: UC Foundation PO Box 19970 Cincinnati, OH 45219 The UC campus is closed from Dec. 23- Jan. 1. Please coordinate with your development officer for pick up, if needed.
Credit Cards	Please make your credit card gift by 11:30 p.m. on Dec. 31 to qualify as a 2023 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 Dec. 31 to count as a tax deduction for 2024. Transactions can take time on the part of the originator, so please check to make sure you are aware of their deadlines.	Please visit foundation.uc.edu/impact/stock-transfer or instructions and contact information.
Cryptocurrency	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 2024.	Please visit giveto.uc.edu/crypto to securely make a gift of cryptocurrency.

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 Monday, Dec. 23 and Thursday, Dec. 26 to Tuesday, Dec. 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.