Endowments

Endowments are a wonderful way for donors to: create a lasting testimony, to assure support for their area of interest, and/or to make a statement of what is important to them. Endowments can also provide for the possibility of attracting strong, vital talent to Lerner Research Institute.

Endowment funds are also useful as almost any type of gift can be placed into them. Types of gifts that can be used to create endowments include outright gifts of cash or property, bequests, residual interest of a charitable remainder trust, residual interest where the donor retains use of a principal residence or other property, death proceeds of life insurance, cash value of life insurance, the gift element of a gift annuity, proceeds received at maturity of a stripped bond, or even retirement funds designated for the charity.

There are many ways by which you can support the Institute though the creation of an Endowed Fund.

  • Chairs: A Named Chair provides a source of income enabling a chair holder to pursue innovative programs and efforts.
  • Fellowships: Endowed fellowships often are used to help recruit and retain young talent and create training and research opportunities.
  • Lectureships: Endowed lecture funds bring visiting professors or lecturers to share their unique perspective and knowledge.
  • Departmental Funds: Endowed departmental funds support initiatives and priorities of the department and provide funding that otherwise would not be available to the department.

Please note, minimum gift amounts apply when establishing endowments.

To learn more about establishing an endowment, please contact Alicia Hoose.

Did you know that many employers have a matching gifts program? To see if your employer participates, please go to http://www.matchinggifts.com/clevelandclinic/. This is a great way through which your generosity to the Lerner Research Institute can be multiplied.

The Lerner Research Institute of Cleveland Clinic is a 501 c(3) nonprofit organization. All financial contributions are tax deductible to the extent allowed by law.