The purpose of the development program at CSP is to enhance and support the funding needs of the students and families in the community pursuing a postsecondary education.

Philanthropy is at the core of CSP, a tradition that has become increasingly important as CSP strives to meet the growing needs of the communities we serve. CSP relies on your generous donations to continue providing and improving upon the services we offer.

Your support will help us in fulfilling our mission of helping students and families go on to higher education. A gift to CSP demonstrates your belief in our mission and reinforces your commitment to make a difference.

We welcome your inquires and look forward to the opportunity to speak with you.

For more information, please contact CSP’s Development Department.

Online Donation

You can donate online using a safe and secure method. Simply click here to donate now.

Gifts of Cash

Cash contributions are deductible as an itemized tax deduction in the year you make the donation, up to 50 percent of your adjusted gross income, depending on your tax status. Excess charitable contributions can be carried forward for up to five additional years.

Gifts of Securities

The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. In order to preserve tax advantages, it is critical that you transfer the physical securities to CSP rather than the proceeds from a sale.

Gifts of Real Estate

If you own property that is not subject to a mortgage and has appreciated in value, a charitable gift may be an attractive option. You can claim an income tax deduction based upon the fair market value of the property you have owned for more than one year, avoid all capital gains taxes and remove that asset from your taxable estate. Or, you can transfer your home to us now and continue to use the property for life.

Restricted Funds

Create an endowed fund. A named endowed gift has a minimum of $30,000 contribution. Amounts less than $30,000 may be given for existing scholarship programs already funded by the endowment. You can select from any number of programs, services or special purposes to support CSP and make a lasting contribution to the organization’s future. Your contribution will continue to grow through reinvestment, as well as through additional donations. Annual distributions are used to support the specified activity or purpose. Funds can be named as requested by the donor.

Bequests

You can support Cleveland Scholarship Programs, Inc. through your will in the same way you provide for your beneficiaries. These methods include the following:

• A specific request is a sum of money or assets. The wording for such a gift might be "I bequeath the sum of $50,000 to Cleveland Scholarship Programs, Inc. for..."
• You may bequest a percentage of your estate. For example, “I bequeath 10% of my estate to Cleveland Scholarship Programs, Inc." A percentage provides flexibility and allows the size of the gift to be determined by the size of your estate.
• A Contingent Bequest is one where the bequest passes to Cleveland Scholarship Programs, Inc. if your primary beneficiary precedes you in death.
• A trust can provide for your family, friends and eventually Cleveland Scholarship Programs, Inc. There are several types of Trusts. A trust can provide income to you and/or your spouse for life, or one can benefit your children for a period of time – now, upon your death, or in the future. Consult with a financial advisor and/or attorney, in conjunction with a CSP representative to determine which vehicle works best for you, your family and/or CSP.

The wording for a bequest to Cleveland Scholarship Programs, Inc. should include the following: "I bequeath to Cleveland Scholarship Programs, Inc., 200 Public Square, Suite 3820, Cleveland, OH 44114 ..."

Gifts of Life Insurance

You can contribute a life insurance policy to CSP by naming us either as the policy owner or simply as the beneficiary. If you name us as the owner and beneficiary, you will be entitled to an income tax deduction limited to the lower of the value of the policy or your cost basis in the contract. If you continue to pay premiums on a policy we own, you can deduct the premium payments.

Life Income Gifts

Life income gifts allow you to receive payments as a result of making a charitable gift. Depending upon your plan, payments will be fixed or variable, payable to you or other beneficiaries you choose. For example, you might create a charitable remainder trust to pay income to you for life and contribute money, stock or other property to it. Once placed in trust, the assets can be sold (without capital gains tax) and the proceeds reinvested to produce a higher yield. Life income gifts entitle you to an immediate income tax deduction, based on the present value of your gift.

* 100% of you gift may be tax-deductible. Please consul your tax advisor for assistance.