Year-End Giving
Ohio University Winter Closure
Ohio University is open with limited operational activity and most offices are closed from Monday, Dec. 25, 2023, through Monday, Jan. 1, 2024. The Division of Advancement, the Ohio University Alumni Association, and The Ohio University Foundation, will be closed during this period and will re-open Tuesday, Jan. 2, 2024.
Please review the information below for details regarding making a year-end gift.
Online Gifts
We will issue a 2023 tax receipt for an online gift if it is submitted by Dec. 31, 2023, by 11:59 p.m. Eastern Standard Time (EST). A gift made online after 11:59 p.m. EST will be issued a 2024 tax receipt. Make your gift online.
Phoned-in Credit Card Gifts
If you wish to make a credit card gift over the phone, you must call (740) 593-2636 by Thursday, Dec. 21, 2023, at 5 p.m. EST in order to ensure timely processing and 2023 tax deduction eligibility. For calls after Dec. 21 at 5 p.m. EST, the gift will be processed as soon as possible, but may be processed after our offices reopen in January. If processed in December, we will issue a 2023 tax receipt. If processed in January, we will issue a 2024 tax receipt. After Dec. 21, please use the secure, online giving form.
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 Thursday, Dec. 21, 2023, in order to ensure 2023 tax deduction eligibility (regardless of the postmark date). If the credit card gift is not received by Dec. 21, 2023, the gift will be processed as soon as possible, but may be processed after our offices reopen in January. If processed in December, we will issue a 2023 tax receipt. If processed in January, we will issue a 2024 tax receipt. After Dec. 21, please use the secure, online giving form.
Mailed-in Checks
We will issue a 2023 tax receipt for a gift if it is postmarked on or before Dec. 31, 2023, AND the check is dated on or before Dec. 31, 2023. If either the check OR the postmark is dated after Dec. 31, 2023, we will issue a 2024 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
Gifts of appreciated securities are a great way to transmit assets to OHIO as charitable contributions. These Stock Transfer Instructions will help you make your gift. Additionally, as we approach the end of the calendar year and the busy time for gift giving, our broker, BNY Mellon, offers the below suggestions and information as it relates to certain types of securities donations:
- Stock gifts will be accepted during the closure period, subject to BNY Mellon Capital Markets Holiday Hours noted below, and the availability of your broker/financial advisor. The Foundation will issue a 2023 tax receipt for gifts received on or before the close of business on Dec. 29, 2023.
- All mutual fund gifts and gifts of physical securities will be processed on a best-efforts basis after Dec. 15, 2023. Please make donations of these types of securities prior to Dec. 15 to ensure tax credit for 2023.
- BNY Mellon Capital Markets Holiday Hours:
- Thanksgiving Day - November 23 – Closed
- November 25 – Market closes at 1 p.m.
- Christmas Day – December 25 – Closed
- New Year's Day - January 1 - Closed
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 2023 tax receipt for gifts received on or before Dec. 31, 2023. Please email giving@ohio.edu to request wire or ACH fund transfer instructions.
2023 Charitable IRA Rollover Opportunity
If you are 70.5 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.
Please remember that if you wish to make a Charitable IRA Rollover gift in 2023, you must do so by Dec. 31, 2023, for it to qualify this year.
NOTE: If you are writing a check from your "IRA Checkbook," please note that the gift is not considered complete until the funds are withdrawn from your custodial account. For year-end processing, please mail your check by Dec. 1 to ensure your gift qualifies for the current tax year.
If you already made a gift directly from your IRA to The Ohio University Foundation at any point during 2023, your gift would qualify as a Charitable IRA Rollover.
Please visit our IRA Rollover site to initiate your gift today. If you need assistance, please contact Kelli Kotowski, Assistant Vice President, Gift Planning, at (740) 597-1819 or kotowskk@ohio.edu; or Tim Gartland, Senior Director, Gift Planning at (740) 593-2235 or gartland@ohio.edu.