Planned Giving

The Cleveland Council on world Affairs now offers a variety of planned giving options by working closely with The Cleveland Foundation’s Gift Planning team. A planned gift is a charitable donation provided for during your lifetime but not available to the Cleveland Council on World Affairs until sometime in the future.

Bequest by Will or Trust
A charitable bequest to The Cleveland Council on World Affairs is one of the simplest ways to provide support to the Council. Bequests can take a variety of forms, from specifying an amount or a percentage to naming the Cleveland Council on World Affairs as the residual beneficiary. Whichever method works best for you, a bequest allows you to leave a lasting legacy to the Council.

Working with The Cleveland Foundation enables us to tap into the expertise and resources of the nation’s original and second-largest community foundation and broaden your options for charitable giving.

Partnering with The Cleveland Foundation as our philanthropic resource provides an added level of confidence that your charitable giving plans will be handled effectively. Working with the foundation we ensure that you will receive the knowledge and expertise of the region’s top professional advisors in gift planning.

Additionally, the Foundation handles all of the administration, record keeping and financial statements.

Charitable Remainder Trust
A charitable remainder trust is a charitable gift to a trust that provides a stream of payments for life, lives or a period of years, and the remainder is used to create a fund. In exchange for an irrevocable gift of cash or appreciated assets, your gift is made to a trust that will pay you or a trust beneficiary a percentage of the trust annually.

Payments from the trust are calculated in one of two ways. With a charitable remainder annuity trust, the trust's distributions are based on a fixed percentage of the trust's value. Payments will not vary regardless of the trust's investment performance.

With a charitable remainder unitrust, distributions are based on a negotiated percentage of the trust's value. Payments will vary based on the trust's annual investment performance.

In exchange for your gift to the trust, you may qualify for a charitable income tax deduction for a portion of the gift.

Charitable Gift Annuity
A charitable gift annuity is a contractual arrangement that provides a stream of lifetime payments in exchange for a gift of cash or appreciated securities. The assets remaining after the annuity term are used to create a charitable fund. A charitable income tax deduction is available for a portion of the gift.

Charitable Lead Trust
With a loan of assets, the assets transferred to the trust are eventually returned to the donor or, more typically, to the donor's children. Income is paid to the Cleveland Council on World Affairs annually while the assets are in the trust. Such trusts can be created during a lifetime or at death, with significant savings in gift or estate taxes possible because of the temporary gift to the Council.

Assets
There are many assets you can use to contribute, some of which you might not have previously considered. IRAs, retirement plans, real estate, insurance policies, savings bonds and securities are all assets that may be gifted for charitable purposes.

Insurance
Life insurance makes it possible for many people to make meaningful gifts to the community. Paid-up policies can be contributed to The Cleveland Council on World Affairs and used to create a fund in your name. Alternatively, the Council can be named as the owner of a new policy.

Working with the Cleveland Foundation we are able to help you create philanthropic strategies that realize your charitable intent, maximize your investments and achieve tax savings.

For more information, please call Jennifer Weber at (216) 781-3730 x 120 to schedule a time.