Leaving a Legacy
What is The Cornerstone of Hope Grief Support Endowment Fund of the Cleveland Foundation?
The Cornerstone of Hope Grief Support Endowment Fund of the Cleveland Foundation is an organizational fund that provides ongoing financial assistance to Cornerstone of Hope and its programs. The fund is held and managed by the Cleveland Foundation, which invests the assets for greater return on investment and fiscally prudent growth. Each year, a percentage of the fund is available for the needs of Cornerstone of Hope. Unless it is determined otherwise, the assets of the fund are reinvested to protect against inflation and to meet the future needs of the organization.
Donors to The Cornerstone of Hope Grief Support Endowment Fund provide Cornerstone of Hope with an important source of revenue now and in the future. These dollars, combined with Cornerstone of Hope’s partnership with the Cleveland Foundation, afford a measure of security to allow Cornerstone of Hope to focus on its mission. The fund offers donors a wide variety of giving vehicles to meet their philanthropic goals.
How can I help Cornerstone of Hope by supporting its organizational fund at the Cleveland Foundation?
Gifts of Cash or Appreciated Assets – These gifts are simple and impactful. All cash contributions to The Cornerstone of Hope Grief Support Endowment Fund are tax-deductible up to 50 percent of a donor’s adjusted gross income. Appreciated assets can include stocks, bonds, mutual funds and real property, which are tax-deductible up to 30 percent of adjusted gross income. To Donate Now, Click Here.
GIVING IN THE FUTURE
Bequests – A bequest to The Cornerstone of Hope Grief Support Endowment Fund is one of the most essential ways to provide a future gift to benefit Cornerstone of Hope. The Cleveland Foundation can coordinate with your legal professional to discuss specific bequest language for inclusion in your will or trust.
Charitable Gift Annuities – A charitable gift annuity is an irrevocable gift that returns an income stream to the donor or another beneficiary over their lifetime. The donor qualifies for an income tax charitable deduction for part of the gift, while the payments to the beneficiary may receive favorable tax treatment based on the asset used to fund the gift. At the end of the gift term, the remainder of the annuity would support The Cornerstone of Hope Grief Support Endowment Fund to help substantially meet the future needs of Cornerstone of Hope.
Life Insurance Policies – Life insurance policies can become an excellent tool to support The Cornerstone of Hope Grief Support Endowment Fund. There are a number of different ways to structure such a gift. The Cleveland Foundation can work with you, Cornerstone of Hope, and your professional advisors to review these options and select the best choice based on your unique circumstances.
Charitable Remainder Trusts – Charitable remainder trusts allow donors to create an income stream for themselves or other beneficiaries for a term of years, with the remainder of the trust corpus creating a gift to charity, which can include The Cornerstone of Hope Grief Support Endowment Fund. Charitable remainder trusts are flexible enough to permit the use of a variety of assets, including cash, securities, and at times, even real property. The Cleveland Foundation will work with you and your professional advisors to provide sample calculations, which will help you determine whether this vehicle is right for your philanthropic goals.
Charitable Lead Trusts – As the opposite of a charitable remainder trust, a charitable lead trust provides payments to The Cornerstone of Hope Grief Support Endowment Fund, and remaining assets would be transferred to other individuals or even back to the donor at a future date. The Cleveland Foundation can work with you and your team of professional advisors to review sample illustrations to ensure you choose the best approach for your charitable goals.
Your gift can have an impact on the lives of others for generations to come. Please consider how you might create a legacy through The Cornerstone of Hope Grief Support Endowment Fund of the Cleveland Foundation.
For more information, please contact Cornerstone of Hope at 216.524.4673 or the Cleveland Foundation Advancement team at 216.685.2006.