Methods of Giving

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

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

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.

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.

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

Charles Schwab & Co. Inc.
DTC Number: 0164 / Code: 40 
Brokerage Account Number: 72958626
Account Name: Great Lakes Center for the Arts
Schwab Ph: 877 552 8236
Fax: 877 824 3817

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.

Those who express future support for the Center in their estate plans—whether through bequests (will or living trust), charitable gift annuities, personal property or real estate, retirement plans, or other deferred gifts—are invited to become members of our Legacy Society.

Please contact Development Director, Matt Wawro at mwawro@greatlakescfa.org or by phone at 231-439-2606 to advise him of your intentions, and then download, fill out, and return the Legacy Pledge Form. The form provides a basic overview of your plans and lets us know how to recognize you on our website and programs in a special space reserved for patrons whose strong belief in the value of accessible arts has led them to support the Center in this manner.