Year-End Gift Processing: Ohio University Winter Closure Update
Ohio University, including the Division of Advancement, the Ohio University Alumni Association, and The Ohio University Foundation, is closed from Friday, Dec. 25, 2015, through Friday, Jan. 1, 2016. We will reopen on Monday, Jan. 4, 2016. During this period, we want to ensure that all donors who wish to do so are able to transact gifts to The Ohio University Foundation.
Please review the information below for details regarding making a year-end gift.
We will issue a 2015 tax receipt for an online gift if it is submitted by Dec. 31, 2015, at 11:59 p.m. Eastern Standard Time (EST). A gift made online after 11:59 p.m. EST will be issued a 2016 tax receipt. To make your gift online, visit www.ohio.edu/give.
Phoned-in Credit Card Gifts
If you wish to make a credit card gift over the phone, you must call 740.593.2636 by Dec. 23, 2015, at 5:00 p.m. in order to ensure timely processing and 2015 tax deduction eligibility. After Dec. 23 at 5:00 p.m., please use the secure, online giving form at www.ohio.edu/give.
Mailed-in Credit Card Gifts
IRS regulations consider a credit card gift as having been made at the moment it is processed. Therefore, mailed-in credit card gifts must be received by The Ohio University Foundation by Dec. 22, 2015, in order to ensure 2015 tax deduction eligibility (regardless of the postmark date). If the credit card gift is not received by Dec. 22, 2014, we will issue a 2016 tax receipt.
We will issue a 2015 tax receipt for a gift if it is postmarked on or before Dec. 31, 2015, AND the check is dated on or before Dec. 31, 2015. If either the check OR the postmark are dated after Dec. 31, 2015, we will issue a 2016 tax receipt.
To mail a gift, please make your check payable to The Ohio University Foundation. If you wish to designate your gift to a certain area, please write that in the memo line of the check.
The mailing address is:
The Ohio University Foundation
P.O. Box 869
Athens, OH 45701-0869
Gift of Securities: Stock Transfer Instructions
Gifts of appreciated securities are a great way to transmit assets to OHIO as charitable contributions. These transfer instructions will help you make your gift.
Electronically Transferred Gifts (Wire or ACH)
Electronic funds transfers (wire or ACH) will be accepted into The Ohio University Foundation’s bank account during the closure period. We will issue a 2015 tax receipt for gifts received on or before Dec. 31, 2015. Please click here for electronic funds transfer instructions.
2015 Charitable IRA Rollover Opportunity
Congress has passed a tax bill to include a permanent extension of the Charitable IRA rollover! If you are 70 1/2 or older, you can make a charitable gift of up to $100,000 from your IRA, which will qualify as your required minimum distribution (RMD). You will not pay federal income tax on the amount given from your IRA to The Ohio University Foundation.
While the IRA rollover provision will become permanent, please remember that if you wish to make a Charitable IRA Rollover gift in 2015, you must do so by Dec. 31, 2015 in order for it to qualify this year.
If you already made a gift directly from your IRA to The Ohio University Foundation at any point during 2015, your gift will qualify as a Charitable IRA Rollover.
Please visit www.ohiolegacy.org for detailed instructions on how to make this gift and contact Kelli Kotowski, Executive Director of Gift Planning, at (740) 597-1819 or by email at firstname.lastname@example.org with any questions or specific designations you may have for your gift.