Andrews Osborne Academy

Cash Gifts

Many donors can make a gift by credit card online. Click here to give now. You may also give by sending a check or money order to:
Andrews Osborne Academy
The Advancement Department
38588 Mentor Avenue
Willoughby, OH 44094

Domestic/International Wire Transfer

For international wire transfers please use this information:

Beneficiary Bank: ERIEBANK A DIVISION OF CNB Bank

31 S. Second St.

Clearfield, PA 16830

Beneficiary Bank Routing: ABA # 031306278

Beneficiary Swift Code: CNB BUS 33

Beneficiary: Andrews Osborne Academy

38588 Mentor Ave

Willoughby, OH 44094

Beneficiary Account# 2201105100

Phone: 440-942-3600

For domestic bank transfers please use this information:

Beneficiary Bank: ERIEBANK A DIVISION OF CNB Bank

31 S. Second St.

Clearfield, PA 16830

Beneficiary Bank Routing: ABA # 031306278

Beneficiary: Andrews Osborne Academy

38588 Mentor Ave

Willoughby, OH 44094

Beneficiary Account# 2201105100

Phone: 440-942-3600

Gifts of Securities or Stock

Donors may realize substantial tax savings by transferring appreciated stock to the school prior to their sale. Capital gains on the amount of the appreciation are avoided and the donor receives a tax deduction for the full market value. For stock instructions, contact Stephen Langel at slangel@andrewsosborne.org or (440) 942.3600.

Matching Gifts

Many companies will match the charitable contributions of their employees. Please check with your employer to see if they participate in the matching gift program.

A Planned Gift

What is the Andrews Osborne Academy Legacy Fund of the Cleveland Foundation?

The Andrews Osborne Academy Legacy Fund of the Cleveland Foundation is an organizational fund that provides ongoing financial assistance to Andrews Osborne Academy (AOA) and its programs. The fund is held and managed by the Cleveland Foundation, which invests the assets for a greater return on investment and fiscally prudent growth. Each year, a percentage of the fund is available for the needs of AOA. Unless it is determined otherwise, the assets of the fund are reinvested to protect against inflation and to meet the future needs of the organization.

Donors to the Legacy Fund provide AOA with an important source of revenue now and in the future. These dollars, combined with AOA’s partnership with the Cleveland Foundation, afford a measure of security to allow our school to focus on its mission. The fund offers donors a wide variety of giving vehicles to meet their philanthropic goals.

How can you help AOA by supporting its organizational fund at the Cleveland Foundation?

Types of Planned Gifts

Bequests – A bequest to the Legacy Fund is one of the most essential ways to provide a future gift to benefit AOA. The Cleveland Foundation can coordinate with your legal professional to discuss specific bequest language for inclusion in your will or trust.

Charitable Gift Annuities – A charitable gift annuity is an irrevocable gift that returns an income stream to the donor or another beneficiary over their lifetime.

The donor qualifies for an income tax charitable deduction for part of the gift, while the payments to the beneficiary may receive favorable tax treatment based on the asset used to fund the gift.

At the end of the gift term, the remainder of the annuity would support the Legacy Fund to help substantially meet the future needs of AOA.

Life Insurance Policies – Life insurance policies can become an excellent tool to support the Legacy Fund. There are a number of different ways to structure such a gift. The Cleveland Foundation can work with you, AOA, and your professional advisors to review these options and select the best choice based on your unique circumstances.

Charitable Remainder Trusts – Charitable remainder trusts allow donors to create an income stream for themselves or other beneficiaries for a term of years, with the remainder of the trust corpus creating a gift to charity, which can include Legacy Fund.

Charitable remainder trusts are flexible enough to permit the use of a variety of assets, including cash, securities, and at times, even real property.

The Cleveland Foundation will work with you and your professional advisors to provide sample calculations, which will help you determine whether this vehicle is right for your philanthropic goals.

Charitable Lead Trusts – As the opposite of a charitable remainder trust, a charitable lead trust provides payments to Legacy Fund, and remaining assets would be transferred to other individuals or even back to the donor at a future date.

The Cleveland Foundation can work with you and your team of professional advisors to review sample illustrations to ensure you choose the best approach for your charitable goals.

Other gifts accepted include IRA’s, life insurance, and real and personal property. Our team of experts can work with you and your professional advisor to choose the right planned gift based on your personal circumstances and charitable goals.

Your gift can have an impact on the lives of others for generations to come. Please consider how you might create a legacy through the Legacy Fund of the Cleveland Foundation.

	Bequest	Charitable Gift Annuity	Charitable Remainder Trust	Charitable Lead Trust
Revocable	YES	NO	NO	NO
Minimum Gift	NONE	$10,000	$100,000	$1 million
Appropriate Assets Used	VARIOUS	CASH OR MARKETABLE ASSETS	VARIOUS	VARIOUS
Tax benefits	ESTATE	INCOME & ESTATE	INCOME & ESTATE	INCOME & ESTATE
Will this gift create a stream of payments to one or more individuals?	NO	YES	YES	NO
Additional gift options	YES	NO	DEPENDS ON TYPE	YES
Age limits	NONE	⋝ 60	⋝ 60	⋝ 60

Recognition

Legacy Society List

AOA Alumnus - Phoenix
Andrews Alumnae - Rose
Phillips Osborne Alumnus - Knights

Legacy Society Luncheon - Yearly luncheon to provide an update of the school’s long-term and short-term plans to our planned giving donors.

Tokens of Gratitude

Free Planned Giving Support

For more information, please contact Stephen Langel at 440-942-3600 X235, slangel@andrewsosborne.org or the Cleveland Foundation Advancement team at 216-685-2006.