Gift planning allows individuals to create their own unique and lasting legacies that will sustain Hopewell into the future. The Hopewell Society recognizes those individuals who have made such commitments. There are several ways to show your support now and for generations to come.
GIVING NOW
Gifts of Cash or Appreciated Assets – These gifts are simple and impactful. All cash contributions to Hopewell 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 Hopewell is one of the most essential ways to provide a future gift to benefit Hopewell. An unrestricted bequest allows Hopewell to designate the funds toward our highest priority needs. Also important are restricted gifts, which are designated by the donor to support a special program or project.
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.
Life Insurance Policies – Life insurance policies can become an excellent tool to support Hopewell. There are several different ways to structure such a gift. Ask your professional advisor how you can add Hopewell as a beneficiary to your existing policy.
Retirement Plan, such as an IRA, 401(k) or 403(b): Retirement assets passing to someone other than a spouse typically are subject to taxes when inherited and later withdrawn.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 Hopewell as a beneficiary to your retirement assets.
Life Income Gifts such as a Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT): Ask your advisor how you can support Hopewell while receiving income for life. Both vehicles offer significant tax savings.
If you are considering a planned gift for Hopewell, please contact our Development Office at 440-247-0912.
As well as making an endowment gift directly to Hopewell, there is another option. We are proud to have partnered with the Cleveland Foundation to create the Hopewell Endowment Fund of the Cleveland Foundation.
The Hopewell Endowment Fund of the Cleveland Foundation is an organizational fund that provides ongoing financial assistance to Hopewell 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 Hopewell. 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 Hopewell Endowment Fund provide Hopewell with an important source of revenue now and in the future. These dollars, combined with Hopewell’s partnership with the Cleveland Foundation, afford a measure of security to allow Hopewell to focus on its mission. The fund offers donors a wide variety of giving vehicles to meet their philanthropic goals.
To make a gift online to The Hopewell Fund of the Cleveland Foundation, visit https://www.clevelandfoundation.org/give-now/ for click the QR code below.
To talk with our admissions team, please call 440.426.2009.
ADMISSIONS - Our team is here to help you through every step of the admissions process.
A majority of Hopewell residents receive fee assistance from your donations. Help provide life-changing treatment for those who cannot afford it.
VISIT - Schedule a tour to see if Hopewell is the right setting for you or your family member.