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Notify us of your beneficiary designation gift
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 beneficiary designation gift.
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Thank you for considering a beneficiary designation gift to us. The website link will take you to your retirement plan custodian's website, where you may be able to log in and include Cleveland State University as a designated beneficiary. Another option is to use the phone number to call your retirement plan custodian. They will assist you in updating your beneficiary designation. If you would like to notify us of your generous beneficiary designation, please complete the Notify us of your Beneficiary Designation section.
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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. | ||||||
Beneficiary Designation Gifts
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension, or other tax-deferred plan, is an excellent way to make a gift to Cleveland State University.
An average of 40%-60% of your retirement assets may be taxed if you leave them to your heirs at your death. An option may be to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to CSU. As a non-profit organization, we are not taxed upon receiving an IRA or other retirement plan assets and will benefit from the full value of your gift.
To leave your retirement assets to Cleveland State University, you will need to complete a beneficiary designation form provided by your retirement plan administrator or employer. You, along with your administrator or employer, will keep a form. Please also contact CSU to let us know of your intention and provide us with a copy of the form. When you pass away, CSU will receive the gifts to be used as originally outlined in the designation form.
Benefits of gifts by beneficiary designations
- Support CSU while also supporting your heirs
- Continue to use your account throughout your lifetime
- Flexibility as you can adjust your gift if circumstances change
- Reduce taxes on income passed to heirs
- Receive potential estate tax savings from an estate tax deduction
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
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