Exciting New Opportunities to Create a Legacy through
NAMI GREATER CLEVELAND
How often do you tell your friends and family about NAMI Greater Cleveland and the important work we do in the community? If you are reading this article, then you are most likely contributing your time, talent, and resources to help us accomplish our mission. The question becomes, however, how can you help ensure NAMI GC will be able to sustain itself when you are no longer involved with it? One easy answer is for you to consider contributing to NAMI Cleveland’s newest fund. Earlier this year, we partnered with the Cleveland Foundation to establish the National Alliance on Mental Illness Greater Cleveland Fund.
The fund is held and managed by the Cleveland Foundation, which invests the gifts for greater return on investment and prudent growth. Each year, a percentage of the fund is available for the needs of NAMI Greater Cleveland. Gifts to the fund provide NAMI Cleveland with an important source of revenue now and into the future, as well as a measure of security that allows us to focus on our mission.
There are many different ways you can show your support now and for generations to come. Here are a few examples:
Bequest: A simple way to support us is to include a bequest to National Alliance on Mental Illness Greater Cleveland Fund in your will. If you typically give $50 annually, leaving $1,000 to the fund could continue to provide $50 to NAMI Greater Cleveland. If your annual contribution is $200, then a $4,000 bequest could do the same. Talk to your attorney about how you can make this change.
Insurance Policy: Unused life insurance policies make excellent charitable gifts. Talk to your insurance agent to find out how you can add National Alliance on Mental Illness Greater Cleveland Fund as a beneficiary to your existing policy. There is no cost to you.
IRAs and 401(k)s: Retirement assets passing to someone other than a spouse are typically subject to taxes when inherited and later withdrawn. Due to the tax consequences, these assets make excellent choices for benefiting nonprofit organizations. Talk to your advisor about adding NAMI GC Fund as a beneficiary to your retirement assets.
These are just a few ideas of how you can create a legacy and allow us to receive your support in perpetuity. There are many additional gift vehicles for you to consider, such as charitable gift annuities and charitable trusts. Both can provide benefits to NAMI Greater Cleveland, as well as to you or your loved ones.
If you are interested in learning more about how you can help NAMI Greater Cleveland through its fund, please contact Michael Baskin at 216-875-0266. The Cleveland Foundation’s staff is also available to discuss gift ideas with you. Contact the Gift Planning and Donor Relations team at 216-861-3810 or toll-free 877-554-5054. We look forward to helping you continue to show your support for NAMI Greater Cleveland!