Ways To Give To Lake View Cemetery
ANNUAL FUND
The mission of The Lake View Cemetery Foundation, a 501 (c) 3, is for the purpose of maintaining, preserving and enhancing for the benefit of the general public the historically and architecturally significant buildings, monuments and areas located within, and the horticulture botanical gardens and landscape of Lake View Cemetery and provide education outreach programs.
The purpose of our Annual Fund is to encourage financial support to Lake View. Gifts help to preserve this Cleveland Landmark. Anyone with a love of “Cleveland Outdoor Museum and Arboretum” is encouraged to support the cemetery, from our trustees, staff and visitors.
What you are supporting?
Your generosity to Lake View Cemetery and your participation in our Annual Fund allows us to help preserve the legacy of Lake View including:
- Enhancing the horticulture at the cemetery including the continuation and expansion of the marvelous collection of unique and special trees, and our picturesque Daffodil Hill.
- Assist with the upkeep of the roads.
- Providing the opportunity to share the magnificent James A. Garfield Monument and Wade Memorial Chapel, both on the Register of National Historic Places, with the general public and assist in the maintenance of those buildings.
- Providing educational programs to thousands each year.
- Assist in providing to the general public the ability to share in the historical, architecture, and horticultural aspects of Lake View Cemetery through walks, tours and events.
Why Contribute?
A strong Annual Fund shows the far reaching effects the cemetery has on those that have loved ones buried here and also the general public. A strong Annual Fund will assist Lake View as we look to local and national foundations to assist in preserving the cemetery, assist in repairs of the James A. Garfield Monument that are beyond our normal upkeep of the building and to continue to provide educational programs to the thousands of school students each year.
Each and every gift, regardless of the size is significant. Make your gift go even further! Arranging a corporate matching gift is an easy way to increase the effect of your personal contribution to Lake View Cemetery. Please check to see if your company is eligible today. The impact of your gift to Lake View Cemetery could be unlimited and is critical to this amazing organization
Our Annual Fund beginning each year on January 1st and ends December 31st. Click here to donate online.
IN MEMORY/IN HONOR
A donation In Memory or In Honor is a wonderful way to support Lake View Cemetery and to share a special thought of a loved one. Commemorate a birthday, graduation, marriage, or celebration of a person’s life as the time to make that generous contribution to Lake View. Click here to donate online.
A CHARITABLE GIFT ANNUNITY
A contract which a charity (Lake View Cemetery) agrees to pay a fixed amount of money to one or two individuals for their lifetime, in return for a transfer of cash, marketable securities or assets. The annuity payment is a tax free return of principal which will provide the donor with an income.
CREATING A BEQUEST (CURRENT WILL OR LIVING TRUST)
A bequest in your will allows you to pass any dollar amount you wish to Lake View Cemetery free of estate tax. You have the flexibility of giving cash, specific property, and a percentage of your estate, a specific dollar amount, all with or without restrictions.
GIFTS OF LIFE INSURANCE
You can name Lake View as a beneficiary of a life insurance policy. The benefit is your estate will receive an estate tax deduction for the gift because proceeds are not included in your estate.
CHARITABLE GIFTS WITH IRA ASSETS
You can name Lake View Cemetery as a beneficiary on an IRA account leaving all or some of the assets to Lake View. No income or estate tax are due when the money is donated. When an IRA is designated to Lake View your estate will receive an estate tax charitable deduction.
DONATING STOCKS
Donating appreciated stocks to Lake View can provide tax benefits including a charitable deduction (generally for the fair market value of the securities at the time of the contribution) and you are not taxed on the capital gain that would result if you sold the stock.
CHARITABLE REMAINDER UNITRUST
A Charitable Remainder Unitrust is an irrevocable trust which distributes a fixed percentage of the value of its assets to you for your lifetime or for a term of years. At the time of the expiration, the remaining balance of the Charitable Remainder Unitrust assets is distributed to Lake View.
CHARITABLE LEAD TRUST
A trust which is designed to reduce your taxable income by having you donate a portion of the trust’s income to Lake View for a period of years. Once the principal goes to your family, the estate or gift taxes have been reduced or even eliminated.
For all charitable donations, please consult with your professional financial planner, accountant or estate attorney to determine how your gift may affect your overall financial plan.
For more information on ways to give to Lake View, contact Mary Krohmer at 216-421-2665 or mkrohmer@lakeviewcemetery.com.
meeting your personal objectives
| If your goal is: | Then you can: | And your benefits are: |
|---|---|---|
| Make a quick and easy gift | Simply write a check now | An income tax deduction and immediate impact for Lake View Cemetery |
| Avoid tax on capital gains | Donate appreciated stock or other securities | A charitable donation plus no capital gains tax |
| Share you enjoyment of a collection or other personal item | Donate tangible personal property related to our exempt function | A charitable deduction based on full fair market |
| Make a revocable gift during your lifetime | Name Lake View Cemetery the beneficiary of assets in a living trust | Full control of trust terms for your lifetime |
| Defer a gift until after your death | Put a bequest in your will (give us cash, specific property, or a share of the residue) | Your donations are exempt from estate tax |
| Make a large gift with little cost to you | Contribute a life insurance policy you no longer need | Current and possibly future income tax deductions |
| Avoid the twofold taxation on IRA or other employee benefit plans | Name Lake View Cemetery as the beneficiary of the remainder of the assets after your lifetime | This allows you to leave your family other assets that carry less tax liability |
| Avoid capital gains tax on the sale of a home or other real estate | Donate the property to Lake View; or sell it to the Cemetery at a bargin price | An income tax deduction, plus reduction or elimination of capital gains tax |
| Create a hedge against inflation over the long term | Create a Charitable remainder unitrust | This pays you a variable income for life and gives you tax benefits |
| Secure a fixed life income while avoiding market risks | Create a Charitable remainder annuity trust | This gives you tax benefits and often boosts your rate of return |
| Reduce gift and estate taxes on assets you pass on to children and grandchildren | Create a charitable lead trust that pays income to Lake View for a specific term of years | This has the estate tax benefits of a gift, but your family keeps the property |