Your outright gift impacts the success of Lakeland Community College and our students right now.
Your pledge allows you to schedule your gift in payments over a period of time and in increments that are convenient for you.
Making a gift right now in memory or in honor of someone can also be done by credit card, by check, or by pledge using the same instructions in the sections above to either "Make a Gift Right Now" or "Make a Pledge." Just include a notation in the comments section during the checkout process of your online gift via credit card, on the memo line of your check made out to The Lakeland Foundation, or on your pledge form stating "in memory" or "in honor of" the individual's name.
If you're writing an obituary and want to include a suggestion that memorial gifts should be made to The Lakeland Foundation, the following language, including the embedded link to our giving webpage, can be used:
"Contributions can be made in [honoree's] memory to The Lakeland Foundation online or by mailing a check made payable to The Lakeland Foundation to 7700 Clocktower Dr., Kirtland, OH 44094. Please include [honoree's] name in the memo line."
Please contact the Foundation office at 440.525.7094 when including the note above in an obituary, if possible, or for further assistance on ways we can help you honor a loved one.
Planned giving, also known as "legacy giving," lets you defer your gift as part of your overall financial planning process, and can be done in a number of ways that offer you the greatest benefit while maximizing the impact of your gift for generations of Lakeland students to come.
A donor advised fund, or DAF, is a separately managed account established by individuals, families, or groups that is maintained and operated by a sponsoring organization, such as a community foundation or a financial service company. Think of it as a charitable savings account you can set up at any time that allows you to make contributions, receive an immediate tax benefit, and recommend grants from the fund to qualified nonprofit organizations.
You can donate directly to The Lakeland Foundation by providing the following information to the sponsoring organization of your fund. Your sponsoring organization will then complete the transaction to distribute funds to The Lakeland Foundation.
Information to Make a Gift from a Donor Advised Fund:
Legal Name: The Lakeland Foundation
Address: 7700 Clocktower Drive, Kirtland, OH 44094
Federal Tax ID Number: 34-1369714
Please be sure to include the purpose or fund name at The Lakeland Foundation to which you'd like your gift directed.
We encourage you to speak with a financial or legal adviser to determine whether establishing or giving through a donor advised fund is a good option for your circumstances. If you have questions about the information you need to provide to the sponsoring organization of your donor advised fund, please contact Greg Sanders, executive director, at 440.525.7086 or email@example.com.
A Charitable IRA Rollover (also referred to as a QCD — a qualified charitable distribution) allows donors to make an immediate tax-free gift by transferring up to $100,000 directly from a traditional IRA or Roth IRA to The Lakeland Foundation (other qualified retirement plans such as 401(k)s and 403(b)s are not eligible). While this type of gift is not income to you and is therefore not tax-deductible, a Charitable IRA Rollover gift allows you to satisfy your annual required minimum distribution (RMD) and avoids income tax on IRA withdrawals. You must be at least 70 ½ years old to take advantage of this opportunity.
When you donate appreciated stocks, bonds, or mutual funds, your contribution and tax deduction are greater than they would be if you were to sell the shares and donate the cash proceeds.
Would you like to potentially double the impact of your gift to The Lakeland Foundation? Many businesses will match charitable donations, either in full or in part, made by employees, retirees, and/or their spouses to The Lakeland Foundation. Many companies will also allow employees to submit their matching gift request for up to one year after the date the donation was made to The Lakeland Foundation.
Is your employer one of them? If your company offers this incentive, simply include the appropriate form from your employer with your gift or send it to us after your gift has been made, and we will take care of the rest. If you're not sure whether your company offers a matching gift program, find out now by searching for your company in Charity Navigator's free search engine at CharityNavigator.org, check your company's intranet portal for information, or ask your HR department if your employer matches gifts.
Our Lakeland colleagues not only support students through their work every day, but they also donate thousands of dollars each year to Foundation efforts in support of student success at Lakeland. If you're a Lakeland employee, payroll deduction makes it even easier to give.