Give Through Your IRA

"Ordinary people can do what they can - and should - to support those organizations they love."
Kim
WVXU and WGUC listener and volunteer

Now that the IRA Charitable Rollover is permanent, making a gift through your IRA makes giving easy – and IRA gifts are not treated as taxable distributions.

Important details about making an IRA charitable rollover gift:
  • The gift must be made directly from the IRA to Cincinnati Public Radio.
  • Gifts to all charities combined may total up to $100,000 per taxpayer for the year.
  • The gifts are outright contributions, and no material benefits are received in return for the gifts.
  • Transfers for a gift annuity, charitable remainder trust or pooled income fund are not permitted.
  • Gifts cannot be directed to a donor-advised fund, supporting organization or private foundation.
  • Gifts are not included in taxable income and no charitable deduction is realized.
  • Gifts can only be made from an IRA. 401(k), 403(b). This law does not cover 457 plans.
This may be the right gift for you to make if:
  • You are 70 ½ or older.
  • You want to make charitable gifts, and your IRA constitutes a share of available assets.
  • You are required to take a minimum distribution from your IRA, but you do not need additional income.
  • You do not itemize your deductions. An IRA charitable rollover gift will not be included in your taxable income even if you do not itemize other deductions.
  • You live in a state where retirement-plan distributions are taxable on your state income tax return, but your state does not allow itemized charitable deductions.
  • You would like to make an additional charitable gift, but it would not be deductible because of the annual limitation of 50 percent of adjusted gross income for charitable contributions.
  • The IRA charitable rollover is equivalent to a deduction because it is not included in taxable income.
    You have an outstanding pledge. The IRA charitable rollover can satisfy a pledge without violating rules against self-dealing.
When you are ready to make an IRA gift:

If you want to make a qualifying transfer, contact your IRA administrator and instruct that person to transfer funds directly to Cincinnati Public Radio.

Here’s the information you will need:

  • Legal Name: Cincinnati Public Radio, Inc. (dba WGUC; WVXU; WMUB)
  • Tax I.D. Number: 31-1410636
  • Incorporated In: Cincinnati, Ohio
  • Mailing Address: 1223 Central Parkway, Cincinnati, Ohio 45214
 
If you have questions about making an IRA gift to Cincinnati Public Radio, please contact our Director of Major & Planned Gifts, Conrad Thiede. You can reach him at 513-419-7116 or cthiede@cinradio.org.
 
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, investment, or accounting advice. Please consult your own tax, investment, and accounting advisors before engaging in any transaction.