The CSU Foundation is proud to serve our students and University, helping to ensure that the promise of success and accomplishment becomes reality.
Today’s students will one day join a talent pool and workforce that includes thousands of CSU graduates who have been influencing and advancing society’s collective good for the better part of 50 years.
Where belonging becomes purpose
When Graceyn arrived at Cleveland State University, she felt the same quiet uncertainty many first-year students do: new place,...
Your support helps alleviate the pressures that can cause some of our students to simply give up, only a few short steps away from obtaining a college degree.
A second chance
Alan Nevel didn’t arrive at Cleveland State University on a straight path. In fact, by the time CSU entered...
Thank you for investing in our students. Your support is transforming lives, igniting hope and pulling dreams within reach.
Charitable Gift Annuities
A Gift That Pays You Back
A charitable gift annuity (CGA) is a great way to make a gift that benefits both you and Cleveland State University. You transfer cash or assets to CSU in exchange for a contract that guarantees fixed payments for life, based on your age and a rate no higher than those recommended by the American Council on Gift Annuities (ACGA). At your passing, the remaining value of the annuity transfers to the CSU Foundation and invested into a program or scholarship that means the most to you.
Two Types of Charitable Gift Annuities
Current Charitable Gift Annuity
Payments begin within one year of your gift. You may transfer cash or assets and receive fixed payments beginning as early as this year, plus an income tax deduction for the value of your gift.
Deferred Charitable Gift Annuity
Payments begin at a future date, such as retirement. You receive a charitable income tax deduction in the year you establish the gift, and because payments are deferred, your annual amount will be higher when they begin.
Benefits of a Charitable Gift Annuity
- Receive fixed lifetime payments for you or another annuitant.
- You cannot outlive your payments.
- Receive an income tax deduction for the charitable portion of the annuity.
- Payments may be partially tax-free.
- Fund with cash to increase tax-free income.
- Fund with appreciated securities to reduce capital gains tax.
If you have questions about charitable gift annuities or other assets that can fund them, please contact us. We would be happy to assist you and can provide an illustration demonstrating your specific payments and tax benefits.
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