Make a Planned Gift

Planned giving is simply finding the best method of making a gift. The distinction between planned gifts and other giving is that most charitable giving is income-oriented, while planned giving is asset-oriented. Planned gifts can be considered once-in-a-lifetime gifts.

A frequent “go-to” list for planned giving includes the following ways:

  • Prepare a will. Without a will, you lose control of the possessions you worked a lifetime to acquire.
  • Leave a gift in your will for the charitable organizations that made a difference in your life. Consider simple language such as I give _____ [the sum, percentage, or description of property] to ideastream in Cleveland, Ohio, to be used for its general tax-exempt purposes, but without other restriction as to use.
  • Consider using assets for your charitable gift. These can include, but aren't limited to: stocks, bonds, certificate of deposits, real estate, vehicles, art and jewelry. Such gifts may even provide tax savings. Click here on instructions to make a gift of stock to ideastream.
  • Name ideastream as the beneficiary of your IRA or pension plan.
  • Buy a new life insurance policy naming ideastream as the beneficiary.
  • Name ideastream as the beneficiary of an existing life insurance policy.
  • Remember deceased loved ones with memorial gifts to ideastream.
  • Encourage family members and friends to leave gifts to ideastream in their wills.

As with any significant financial decision, we recommend that our donors seek counsel from their trusted advisers on timing, amounts, and type of asset to donate to maximize their charitable giving deductions and philanthropic impact.

For planned giving information and other ways to contribute to ideastream, contact Mary Grace Herrington at 216-916-6270 or marygrace.herrington@ideastream.org.

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