Planned Giving
Keep the music alive, and plan for the future, by joining the Cleveland Jazz Orchestra’s Legacy Society and making a planned gift to the Cleveland Jazz Orchestra.
GIVING IN THE FUTURE
Bequests – A bequest to the Cleveland Jazz Orchestra is one of the most essential ways to provide a future gift to benefit the Cleveland Jazz Orchestra. We 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. When you donate a charitable gift annuity to the Cleveland Jazz Orchestra, at the end of the gift term, the Cleveland Jazz orchestra receives the remainder of the annuity to help sustain the future needs of the organization.
Life Insurance Policies – Life insurance policies can be an excellent tool to support the Cleveland Jazz Orchestra. The Cleveland Foundation can work with you and your professional advisors to review the 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 Cleveland Jazz Orchestra. 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 donation to the Cleveland Jazz Orchestra.
Charitable Lead Trusts – As the opposite of a charitable remainder trust, a charitable lead trust provides payments to Cleveland Jazz Orchestra, 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.
For more information, please contact the Cleveland Jazz Orchestra at 216-260-3530 or via our website, or the Cleveland Foundation Advancement team at 216-685-2006.
Cleveland Jazz Orchestra is a 501(c)(3) non-profit organization. F.E.I.D. 34-1483825. All contributions are tax-deductible to the extent permitted by law.
Thank You To....
We want to take a moment to recognize three CJO donors, whose legacy gifts are helping us keep the music alive in Northeast Ohio:
Barbara Becker’s bequest has endowed our first saxophone chair
Graziella Wagner’s bequest is helping inspire the next generation of jazz musicians.
Carol & Stuart Reese’s bequest has endowed our bass chair.
We welcome YOU to endow a musician’s chair, creating a lasting connection to the musician and to the Cleveland Jazz Orchestra as a whole. Funded chairs provide a firm financial foundation for the future.
Click on each item to learn more:
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Consider investing in the future of the Cleveland Jazz Orchestra by donating long-term appreciated securities, including stock, bonds, and mutual funds, directly to charity. Compared with donating cash, or selling your appreciated securities and contributing the after-tax proceeds, you may be able to automatically increase your gift and your tax deduction.
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As a 501(c)3 organization, the Cleveland Jazz Orchestra may receive grants from your Donor Advised Fund. Please contact your investment advisor or donor advised fund sponsor for specifics about initiating your gift.
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If you are age 73 or older, YOU can a make tax-free distribution from your individual retirement account to the Cleveland Jazz Orchestra of up to $100,000 each year without tax penalties.
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The Fund, held and managed by the Cleveland Foundation, augments the Cleveland Jazz Orchestra’s budget and helps ensure long-term financial stability by preserving and investing donations for future benefit. LEARN MORE
We are proud to partner with the Cleveland Foundation which can serve as an additional resource to help facilitate your charitable giving and allows the Cleveland Jazz Orchestra even greater flexibility for planned giving options such as charitable trusts or charitable gift annuities.
Your planned gift helps support the CJO’s mission to increase awareness and appreciation of jazz by engaging the community with original music, exceptional performances, and inspirational educational programming.