Planned Gifts
We work with you and your clients – whether individuals, families, or businesses – to tailor philanthropic strategies, maximize investments, and achieve tax savings. Giving opportunities often coincide with major business or financial decisions. At the Cleveland Foundation, donors can choose from a range of options.
The following solutions are crafted to achieve your client's personal financial and charitable goals.
Comparisons of Planned Gifts
| Revocable |
Yes |
No |
No |
No |
| Minimum gift amounts |
None |
$10,000 |
$100,000 |
$1 million |
| Appropriate assets that can be used |
Virtually any |
Typically cash or marketable assets |
Virtually any |
Virtually any |
| Tax benefits possible |
Estate |
Income and estate |
Income and estate |
Possibly income and estate (depending on how the trust is structured) |
| Will this gift create a stream of payments to one or more individuals? |
No |
Yes (at a percentage determined by the age of the recipients) |
Yes (at a pre-negotiated percentage) |
No (However, this gift does allow for the transfer of property to one or more recipients with possible tax savings.) |
| Can additional gifts be made? |
Yes |
No |
Yes (only in the unitrust type) |
Yes (only in the unitrust type) |
| Age limits to creating |
None |
Payment beneficiaries must be at least 60. |
Payment beneficiaries must be at least 60. Trust may also be based on a term of years. |
Calculating ages must be at least 60. Trust may also be based on a fixed term of years. |
| Fees/applicable costs (other than personal legal expenses) |
None |
None |
Up to $1,000 for administrative purposes |
Up to $1,000 for administrative purposes |
| Philanthropic outcomes |
Entire bequest can flow to the nonprofit organization. |
Donors have two choices in how the charitable portion of these gifts are treated:
- The entire amount can become a fund at the foundation to be used for your organization or other organizations or for other purposes they select.
- Up to 50 percent of the amount can flow as a lump-sum payment to your organization as long as at least $10,000 remains in a fund at the foundation. That fund can also be used for your organization or other organizations or for other purposes.
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For more information, contact our Gift Planning team.
Log in to the Planned Giving Design Center or register if you don’t have an account.