Members and friends can support Cranbrook Institute of Science in a number of ways. The most common forms of giving are outright gifts of cash and securities, but there are other types of assets that may be donated as well and planned giving options that may have favorable financial and tax benefits.
This website is designed to give you general information about various ways of giving to Cranbrook Institute of Science. It is not intended to provide specific advice about the legal or tax implications of charitable giving. You should consult with your financial, tax, and legal advisors for a thorough analysis of your individual situation and the tax consequences and to decide which of these ways of giving might work best for you before making a gift to Cranbrook Institute of Science. We are pleased to work with you and your advisors to structure a gift that best fulfills your charitable goals.
Cash donations are one of the easiest ways to make a charitable contribution.
The impact of your cash gift to the Institute is evident in its artifacts, exhibitions and collections that are on display. Contributions help make possible the Institute’s educational programs and the care, study, and exhibition of our collections. Your tax-deductible gift can be a terrific way to honor or memorialize someone.
For your reference, Cranbrook’s tax identification number is 38-2015048.
Donating long-term appreciated stocks allows you to avoid capital gains tax and often take a charitable deduction for the full value of the asset. Cranbrook has invested in this secure stock donation tool to make it easier than ever.
Please note: When you donate stock, please use the link below so Cranbrook can track your gift and send you the correct receipt to ensure you get the tax savings you deserve.
If you would prefer to make your donation through your broker, access Cranbrook’s transfer information from the link above or contact Cranbrook’s Gift Processing Department at giftprocessing@cranbrook.edu or 248.645.3141 to notify Cranbrook of your gift.
From its very beginning, planned gifts have helped to sustain the Institute. In fact, a bequest of minerals from Cranbrook Founder George Booth in 1932 formed the basis of the Institute’s renowned collection. Today planned gifts are more important than ever to the Institute’s stability and future success. For more information and assistance on making a planned gift, please visit Planned Giving at Cranbrook.
To make it easy to build your charitable legacy with the Institute, we’ve partnered with FreeWill: a free online estate planning tool. In about 20 minutes, FreeWill guides you through writing your will or trust and makes it simple to donate any amount of your estate to the Institute with a legacy gift in your will.
If you are 70.5 or older, giving from your IRA helps reduce your taxable income — and for those over 73 who must take a Required Minimum Distribution (RMD), an IRA gift is a simple way to fulfill it! The Institute has invested in this secure IRA donation tool to make it easier than ever to give from your IRA and receive tax benefits. It only takes a few minutes to use and will auto-complete your paperwork for you.
Please note: When you donate from your IRA, please use the link below so we can track your gift and send you the correct receipt to ensure you get the tax savings you deserve.
Donor-Advised Funds (DAFs) are investment accounts for the sole purpose of supporting charitable organizations today. If you have a DAF, you can use this secure DAF giving tool to make your impact today. FreeWill’s DAF tool integrates with your DAF custodian automatically and saves you the extra step of notifying the Institute about your gift. By using this tool, you can:
- Recommend how you’d like your grant to be allocated
- Communicate your wishes to Cranbrook
- Share the details of your DAF grant