Since the creation of ÐÇ¿Õ´«Ã½â€™s first permanent endowment in 1836, thousands of our alumni and friends have created endowments or made outright gifts dedicated to educational excellence.
Recent federal legislation (the Secure 2.0 Act) has expanded donors’ options for strategic philanthropy, providing new opportunities to support the university—whether through scholarships, professorships, research or other initiatives.
Amanda Pinney, executive director of strategic giving, offers this update:
IRA Qualified Charitable Distributions (QCDs) have long offered a tax-efficient way to support the organizations you care about most. But did you know that, beginning in 2024, the $100,000 limit on QCDs will be adjusted for inflation?
In addition to this change, and starting in 2023, donors over age 70 1/2 can (for one year only) direct up to $50,000 of their QCD to fund a Charitable Gift Annuity (CGA). Also, CGA rates have recently increased, providing a steady income stream for you now, and future support to the university.
There are many ways to start or continue your philanthropic legacy at ÐÇ¿Õ´«Ã½, and the Office of Strategic Giving is here as a resource. Our team is happy to answer questions, speak with you or your financial advisor, and partner with you on gift strategies and planning.
Visit or call 216.368.4460 to discuss your legacy.
Originally published in the summer 2023 issue of Forward Thinking magazine