Planned Giving
Your legacy commitment to °Ä6ͼ¿â empowers extraordinary musicians to transform the world through their performances and to be the future of classical music.
Donating to the °Ä6ͼ¿â Institute of Music in your will, trust, insurance or life income arrangement will contribute to the success of °Ä6ͼ¿â and its world-class students for future generations. The 1920 Society recognizes patrons that have made a legacy commitment.
Members of the 1920 SocietyÌýreceive recognition in °Ä6ͼ¿â@Severance concert programs and inÌýthe donor listing at the °Ä6ͼ¿â Annual Meeting,Ìýan invitation to theÌýannual 1920 Society luncheonÌýand additional exclusive benefits throughout the academic year.
If you have arranged for a legacy gift to benefit °Ä6ͼ¿â or would like more information on ways to do so, please contact Associate Director of Campaign Erin Horan at erin.horan@cim.edu or by calling 216.791.4388.
A planned gift is a contribution that you agree to make at a future time to benefit °Ä6ͼ¿â. These types of gifts can include:
- Bequests
- Marketable securities
- Real estate
- Life insurance
- Charitable remainder trusts
- Charitable lead trusts
- Charitable gift annuities
In addition to financial benefits, a planned gift is a wonderful way for you to leave a legacy and to support an organization which you love.
Although benefits vary depending on the type of gift you choose, many of the planned giving options share these features:
- A federal income tax deduction for all, or a portion of the gift;
- Elimination of some or all of the capital gains tax at the time of the transfer for certain assets;
- Increased financial security for you or your heirs while providing meaningful support for °Ä6ͼ¿â;
- Income for life paid to you and/or other beneficiary, such as a spouse or other family member; and
- Increased income if a gift is made to a life-income plan that produces a higher yield than the donated assets, which is often the case with securities.