You can benefit from the tax savings that result from supporting The Cleveland Orchestra without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to the Orchestra:
A charitable lead annuity trust pays a fixed amount each year to the Orchestra and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the Orchestra go up as well.
- Contact Rachel Lappen at 216-231-8011 or firstname.lastname@example.org to talk about supporting the Orchestra by setting up a charitable lead trust.
- Seek the advice of your financial or legal advisor.
- If you include the Orchestra in your plans, please use our legal name and federal tax ID.
Legal Name: The Musical Arts Association
Address: 11001 Euclid Ave, Cleveland, OH 44106
Federal Tax ID Number: 34-0714468
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