Ways of Giving
You and your attorney or financial advisor will want to consider the full range of gift options available to you before deciding how to create your planned gift. There are many types of assets that can be donated, many of which may be preferable to an outright gift of cash to The Cleveland Institute of Art. By considering all your gift options, you may be able to benefit from various tax advantages and be able to make a more substantial gift than might be possible if based solely on income.

Stocks, Bonds & Mutual Funds

Donating appreciated securities such as stocks, bonds and mutual funds may provide you with tax advantages by helping you bypass capital gains tax, and may entitle you to an income tax deduction for the full value of the asset. Appreciated assets can be used instead of cash to fund a planned gift that may be able to provide you with a tax-free income stream.

Antiques & Collectibles

Other forms of personal property that may have educational value for the Cleveland Institute of Art or which can be readily liquidated to benefit the Institute's educational programs, include antiques, works of art, or art books with a retail or appraised value of $1,000 or more.

Retirement Assets

Individual Retirement Accounts (IRAs), company-sponsored pension and profit-sharing plans, and similar retirement assets may be an excellent choice for gifting to The Cleveland Institute of Art. Amounts remaining in qualified retirement plans at death may be subject to both income taxes and estate taxes when they are passed to heirs. Therefore, charitable gifts of retirement assets may provide advantages from an income tax and estate tax planning perspective.

Insurance Policies

The gift of an insurance policy that you or your spouse no longer need can be an easy and effective way to make a gift to The Cleveland Institute of Art. You may also decide to purchase a new policy, naming the Cleveland Institute of Art as owner or beneficiary, while taking a current year tax deduction for premiums paid on an active policy.

Real Estate

Gifts of real estate, whether developed or undeveloped, may be an acceptable gift to The Cleveland Institute of Art. As with all non-cash gifts, marketability, appraised value and usefulness for the mission of the Institute are issues that should be discussed when considering such a gift.

Heritage Circle

The Cleveland Institute of Art has continued to grow and sustain the excellence of its academic and artistic programs over almost 125 years because of the generous and loyal support of alumni and friends. The Institute is very grateful to those many individuals whose vision and commitment is reflected in the generous contributions they have made to the Institute. Established in 1982, the Heritage Circle recognizes those individuals who have made provision for The Cleveland Institute of Art in their will or estate plan or other planned gift.

Click here to download our Annual Report (PDF 3.8MB)