Endowment Funds

Endowed funds provide a permanent source of income for the needs of the Cleveland Institute of Music. The principal is held in perpetuity, and only the income generated by the fund is used for the fund's designated purpose.

Although unrestricted funds are important in maintaining a fiscally healthy institution, income from endowment funds can be designated according to the donor's wishes. An endowed fund may, for example, support student scholarships (see our page on endowed scholarships for more information), faculty salaries, or a specific program.

In addition, an endowed fund can be named to honor or remember a loved one.

Development Office

Karin Stone

Vice President of Institutional Advancement

216.795.3196

Steven Pike

Development Officer, Individual and Planned Giving

216.795.3168

John Zajc

Development Officer,Annual Fund

216.795.3118

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