Life Insurance Policy

Life Insurance Policy Diagram. Description of image is listed below.

How It Works

  1. You assign all the rights in your insurance policy to the CMA, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. the CMA may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to the CMA to pay these premiums
  • You can make a substantial gift on the installment plan
  • the CMA receives a gift they can use now or hold for the future

 

Contact Us

Planned-Giving Office
216-707-2158
Legacygiving@clevelandart.org

The Cleveland Museum of Art
11150 East Boulevard
Cleveland, OH 44106
Federal Tax ID Number: 34-0714336

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