Methods of Giving

Gifts to the Great Lakes Center for the Arts may be fulfilled according to your financial and philanthropic preferences. Gifts may be pledged and paid in installments of up to a five-year pledge period.

Gifts of Cash

The simplest way to make a gift is to contribute cash. Checks may be made payable to the Great Lakes Center for the Arts.

Donate Cryptocurrency

The IRS classifies cryptocurrency as property for tax purposes, similar to stocks. This means when donating crypto to the Center, donors receive a tax deduction for the fair market value and avoid the capital gains tax that would have been incurred had the crypto first been sold with the proceeds then donated. Donating crypto directly can mean a larger donation as well as a higher tax deduction – sometimes a difference of more than 30%! (Be sure to check with your tax advisor for further details.) 

 

Donate Cryptocurrency

Matching Gifts

Some corporations and foundations encourage directors, former employees, and their spouses to make charitable contributions by matching gifts dollar-for-dollar, and sometimes as much as $2-3 for every $1 donated.

Gifts of Appreciated Securities

Held for more than one year are eligible for a charitable tax deduction for the full fair market value of the stock on the date it is received. Neither the donor nor the Great Lakes Center for the Arts is required to pay capital gains taxes when the stock is sold.

Stock Transfer Instructions

Charles Schwab & Co. Inc.
DTC Number: 0164 / Code: 40 
Brokerage Account Number: 98507001
Account Name: Great Lakes Center for the Arts
Schwab Ph: 877 552 8236
Fax: 877 824 3817

IRA Charitable Rollover

Originally signed into law in 2007, Congress adopted this as a permanent gift option in 2016. The IRA charitable rollover provision provides an attractive gift option. This provision allows donors age 70 1/2 or older to direct their required minimum distribution (RMD) through the PATH Act, to qualified charity. While it is not a deductible gift, the distribution is excluded from a donor’s income.

Matt Headshot

More Information

For more information about supporting the Great Lakes Center for the Arts, including donating stock or making a wire transfer, please contact Matt Wawro at 231.439.2606 or mwawro@greatlakescfa.org.