Gift Annuity Rates Changed on Jan. 1, 2012
Jan. 31— Gift Annuity payout rates dropped significantly as of Jan. 1, 2012; however, Cleveland Clinic is honoring the former, higher payout rates until March 1, 2012.
With a charitable gift annuity, you can secure guaranteed income for life for you or a loved one while supporting Cleveland Clinic. You also will get a charitable deduction this year, and each payment you receive will be partially tax-free.
To learn more, or to see the rate applicable to your situation, please contact a member of Cleveland Clinic's gift planning team of professionals at 216.444.1245 or email firstname.lastname@example.org.
Sample Gift Annuity Rates
||65 & 67
||75 & 80
||85 & 89
||90 & 95+
Partners in Philanthropy Event Honors Benefactors
July 18 — Audrey and Hubert Kleasen of Cuyahoga Falls, Ohio, were presented with the 2011 George W. Crile Sr. Award on June 15 at the annual Partners in Philanthropy celebration.
Established by the Pyramid Legacy Society, the award honors recipients for their longstanding service, extraordinary commitment and outstanding contributions of time, talent and resources to the mission and people of Cleveland Clinic.
The event at the Intercontinental Hotel and Conference Center in Cleveland drew 226 friends and benefactors. Joseph F. Hahn, MD, Chief of Staff, welcomed guests and presented the Crile Award to the Kleasens, whose generous support includes a Family Philanthropic Fund, the first established at Cleveland Clinic.
“The Kleasens are exemplary in their decades-long commitment to ensuring Cleveland Clinic continues to be able to be on the cutting edge of research and discovery,” said Armando Chardiet, Chairman of Institutional Relations and Development at Cleveland Clinic.
Morning informational breakout sessions with top physicians and researchers focused on research and innovation in the areas of aging, wellness, disease prediction and prevention, and transplant medicine.
Delos M. Cosgrove, MD, CEO and President of Cleveland Clinic and the Rich Family Chief Executive Chair, joined supporters and medical professionals to celebrate Cleveland Clinic’s teamwork in promoting wellness and to discuss Cleveland Clinic’s 90th anniversary. An afternoon health and wellness exhibition provided detailed information on a variety of Cleveland Clinic’s institutes and programs.
Read more about the Kleasens' gift
Create Your Fundraising Webpage
April 22 — With new personal fundraising pages, you can raise money for Cleveland Clinic in honor of a loved one or a special event in your life. It is easy to set up and share a page with your personal story and photo.
Celebrate special people, birthdays and other occasions in a meaningful way. Invite family and friends to join your celebration and support Cleveland Clinic with your personal page.
New Grant Supports Music Therapy Research
April 11 — The Kulas Foundation recently awarded a three-year, $375,000 grant for music therapy research initiatives at the Harry R. Horvitz Center for Palliative Medicine. The funds will allow researchers to build on previous studies that have demonstrated music therapy’s positive effect on mood, pain, anxiety, depression and shortness of breath.
The Horvitz Center, within the Taussig Cancer Institute, provides patients with a holistic approach to acute pain and symptom management for those with incurable disease. Since 2002, the Kulas Foundation has awarded more than $1 million for music therapy research at Cleveland Clinic.
Gala Raises $1.7 Million for Cleveland Clinic Florida; Benefactors Announce Surprise Gift
March 30 — On Feb. 25, more than 500 guests gathered at Mar-A-Lago in Palm Beach for the 2011 Cleveland Clinic Florida Ball, which raised over $1.7 million to support the health system and its Critical Care Program.
The Casablanca-themed event featured a Rick’s Café Américain-inspired casino with vibrant Moroccan cuisine and décor. Even Isabella Rossellini, whose mother Ingrid Bergman, starred in the 1942 film classic, was on hand.
Cleveland Clinic CEO and President Delos M. “Toby” Cosgrove presented the inaugural Sydell L. Miller Award to its namesake, benefactor Sydell Miller, for her extraordinary contributions to Cleveland Clinic Florida.
The evening also set the stage for a surprise seven-figure cash gift announcement by Cleveland Clinic Florida CEO Bernie Fernandez, MD, from benefactors Robert and Suzanne Tomsich.
The couple’s gift will be used to support heart care at Cleveland Clinic’s Weston campus, where the departments of Cardiac Surgery and Cardiology will be renamed in their honor. Mr. Tomsich is a member of Cleveland Clinic’s Board of Trustees.
Patrick Park, Nathalie Fernandez, and Bill and Nancy Rollnick served as chairs of the event.
21st Annual HeartThrob Ball Set for April 29
Feb. 23 — Join us to celebrate Courageous Kids at the 21st Annual HeartThrob Ball on Friday, April 29, 2011. The evening honors three young Courage Award recipients who have demonstrated extraordinary determination in spite of difficult medical issues.
Guests will enjoy dinner, dancing and a live auction at Cleveland's Wolstein Center, along with special musical guest The Pointer Sisters.
Last year's HeartThrob Ball raised more than $800,000 for patient care programs and research innovations at Cleveland Clinic Children’s Hospital.
Presented by PNC, the black-tie affair will feature WJW Fox 8 Anchor Stefani Schaefer as emcee. Umberto P. Fedeli will once again serve as chairman.
For information, contact Amy Pappas at 216.225.0198.
Nordstrom Tile Painting Party to Benefit Children’s Hospital
Feb. 7 — Would your little Picasso love to paint an animal-themed masterpiece? Reserve one of the 200 tiles that will be permanently installed on the newly renovated Kids’ Wear floor of Nordstrom Beachwood Place.
The Nordstrom Tile Painting Party,* open to children ages 5-12, will include art materials, refreshments and entertainment for $45 per child. All proceeds benefit Cleveland Clinic Children’s Hospital.
For questions, special accommodations information, or to purchase tickets, call Nordstrom Customer Service at 216.378.2121, ext. 1840 by Friday, February 18. Space is limited.
*Independent fundraiser benefiting Cleveland Clinic
California Man's Inspiring Journey Featured in Latest eNews
The Van Buskirk family: Kyle, Shannon, Marc and Trey
Feb. 2 — In 2006, Marc Van Buskirk received an invitation usually reserved for rock stars and politicians: He was offered a ride in a Blue Angels jet.
The only prerequisite was a complete physical, which, from all appearances, the athletic 49-year-old would pass with, well, flying colors.
He didn’t. Mr. Van Buskirk’s physical revealed that a preexisting heart condition had become much worse. “Instead of a trip to fly with the Blues, I got to sit on a gurney and have my chest opened up,” he says.
Read more in Catalyst eNews
IRA Rollover Provision Extended Through 2011
Jan. 21 — Congress recently extended the popular IRA Charitable Rollover through 2011. This tool allows individuals over age 70½ to use IRA funds for charitable contributions without the withdrawals being counted as taxable income.
- Retroactive extension of the IRA Charitable Rollover (distribution as charitable gift must be made directly from IRA to Cleveland Clinic)
- Up to a $100,000 gift can be made in both 2010 and 2011
- You must be age 70 ½ or older
- Treats a charitable rollover gift made by Jan. 31, 2011 as a 2010 donation and can be used to satisfy minimum distribution requirements
- Expires Dec. 31, 2011
- The gift will not be included in income; however, it will not qualify for charitable deduction
- To keep the minimum distribution:
- Name Cleveland Clinic as the remainder beneficiary of the IRA
- Take a distribution, report the income and establish a charitable gift annuity
Contact Cleveland Clinic’s gift planning team at 216.444.1245 to learn about the many tax and financial benefits of charitable giving.
- Read more in the latest issue of Pyramid
Cleveland Clinic Florida Ball Set for Feb. 25
Jan. 14 — Palm Beach’s elegant Mar-a-Lago Club will set the stage for the Cleveland Clinic Florida Ball on Feb. 25, 2011.
The evening’s theme, “A Night in Casablanca,” will feature a Rick’s Café Américain-inspired casino with vibrant Moroccan cuisine and décor. Music by one of the country’s leading orchestras, The Bob Hardwick Sound, will kick off a night of dancing.
Chairs Bill and Nancy Rollnick, Patrick Park and Nathalie Fernandez initiated pre-ball festivities in October for guests already committed to the evening. William and Jane Told, corporate chairs, hosted a cocktail reception in New York City, and, in November, committee members Bob and Carol Garvy entertained guests on their yacht, Big City, in Palm Beach
Wally Findlay Galleries in Palm Beach will host a pre-ball event during its Kobel Collection opening. The exhibit features historic archives of black-and-white photos from the early days of cinema, a perfect preface to “A Night in Casablanca.”
Cleveland Clinic Florida is grateful to generous friends who sponsored and hosted pre-ball events to raise awareness and funds. Proceeds from the evening will directly support Cleveland Clinic Florida and its Critical Care Transport System.
For more information, contact Stephanie Rapp at 561.804.0264 or email@example.com.