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Notify us of your IRA charitable rollover
If you check the box in this area, a module will open where you can enter your name and email to notify us of your IRA Rollover gift.
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to Cleveland State University. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
IRA Charitable Rollover
If you are 70½ or older, you may be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover (also known as Qualified Charitable Distribution) is a simple way you can help CSU continue its role as a premier educational institution. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
Contact your IRA plan administrator to directly transfer a gift from your IRA to CSU. You can direct your distribution to be used for a specific program, scholarship, fund or College at CSU.
Benefits of an IRA charitable rollover gift
- Avoid taxes on transfers of up to $108,000 from your IRA to our organization
- You may satisfy your required minimum distribution (RMD) for the year beginning at age 73
- Reduce your taxable income, whether you itemize or take the standard deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Important if you do not need the income from your IRA
- Under the Legacy IRA Act, you can make a one-time, tax-free distribution from an IRA account to establish a charitable remainder trust or gift annuity for an amount determined by IRS guidelines, receiving cash back throughout your lifetime.
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
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