Planned Giving


Leaving a Legacy

The Up Side of Downs  has partnered with the Cleveland Foundation to create the Up Side of Downs Fund of the Cleveland Foundation. This organizational fund provides ongoing financial assistance to USOD and its programs. The fund is held and managed by the Cleveland Foundation, which invests the assets for greater return on investment and fiscally prudent growth. Each year, a percentage of the fund is available for the needs of the Up Side of Downs. Unless it is determined otherwise, the assets of the fund are reinvested to protect against inflation and to meet the future needs of the organization.

Donors to the Up Side of Downs Fund provide USOD with an important source of revenue now and in the future. These dollars, combined with USOD’s partnership with the Cleveland Foundation, afford a measure of security to allow the Up Side of Downs to focus on its mission. The fund offers donors a wide variety of giving vehicles to meet their philanthropic goals.

How can I help the Up Side of Downs by supporting its organizational fund at the Cleveland Foundation?

GIVING NOW

Gifts of Cash or Appreciated Assets – These gifts are simple and impactful. All cash contributions to the Up Side of Downs are tax-deductible up to 50 percent of a donor’s adjusted gross income. Appreciated assets can include stocks, bonds, mutual funds and real property, which are tax-deductible up to 30 percent of adjusted gross income.

GIVING IN THE FUTURE

Bequests – A bequest to the Up Side of Downs Fund is one of the most essential ways to provide a future gift to benefit USOD. The Cleveland Foundation 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. At the end of the gift term, the remainder of the annuity would support the Up Side of Downs Fund to help substantially meet the future needs of the Up Side of Downs.

Life Insurance Policies – Life insurance policies can become an excellent tool to support the Up Side of Downs Fund. There are a number of different ways to structure such a gift. The Cleveland Foundation can work with you, USOD, and your professional advisors to review these 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 the Up Side of Downs Fund. 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 philanthropic goals.

Charitable Lead Trusts – As the opposite of a charitable remainder trust, a charitable lead trust provides payments to the Up Side of Downs Fund, 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.

Your gift can have an impact on the lives of others for generations to come. Please consider how you might create a legacy through the Up Side of Downs Fund of the Cleveland Foundation.

For more information, please contact Toni Mullee at 216-447-8763 or the Cleveland Foundation Advancement team at 216-685-2006.