Gifts to the Annual Fund ensure that the Philharmonic will continue to bring the finest orchestral programs to our community. Annual Fund gifts help to provide artistic excellence, vibrant programming, and stimulating educational and community outreach programs.
Annual gifts are put to immediate use by the Philharmonic to hire guest artists, conductors, musicians, staff, develop artistic and educational programs, present concerts, and fund operational expenses.
The Abilene Philharmonic is grateful for the generous support it receives each year. This investment reflects the commitment from the community to the Philharmonic’s health and vitality, and the interest in its past, present and future. Gifts of all sizes are meaningful and are critical to the Philharmonic’s continued growth and success.
FRIEND ( Up to $99)
Receive the benefits of:
• An invitation to the annual meeting
Receive the benefits of the Friend level plus:
• An invitation to an orchestra dress rehearsal
• A backstage tour of the Abilene Civic Center prior to a concert
Receive the benefits of the Advocate level plus:
• A gift certificate for 2 tickets to a classical concert of your choice
Receive the benefits of the Sustainer level plus:
• A one-time invitation to the Conductor’s Circle Club
• An invitation to the Young Artist Competition finals
Do you work for or are you retired from a company that will match your gift to the Abilene Philharmonic? Corporate matching gifts provide the opportunity to double, maybe even triple, your personal contribution. If you are not sure whether your company will match a gift to a performing arts organization, you can search for your company’s policy using the CASE website (Council for Advancement and Support of Education).
The matching gift process is initiated by the donor who must contact their company for the required forms. The total value of the matching gift and the individual’s gift is recognized in the Philharmonic’s donor lists.
ENCORE IRA PROVISION
The charitable IRA legislation is back for a repeat performance.
Don’t miss this second-chance opportunity to make tax-free gifts from your IRA! There’s good news for individuals aged 70½ or older with individual retirement accounts. Thanks to the extended charitable IRA legislation, you can once again make outright gifts using IRA funds without tax complications.
If you are required to receive minimum distributions from your IRA and you do not need the money for personal use, consider using those funds as a charitable gift. While you cannot claim a charitable deduction for the IRA gifts, you will not pay income tax on the amount.
You may contribute funds this way if:
· You are 70½ or older
· Your IRA gifts total $100,000 or less each year in 2008 and 2009
· You transfer funds directly from an IRA to the Abilene Philharmonic
· You transfer the gifts outright to a qualified charity. (This excludes gifts made to charitable trusts, donor advised funds and supporting organizations.)
The Benefits—Music to Your Ears!
· In most cases, the transfer counts toward your minimum required distributions.
· The gift generates neither taxable income nor a tax deduction, so even those who do not itemize their tax returns receive the benefit.
· You may transfer up to $100,000 directly from your IRA in 2008 and 2009.
· The distributions may be in addition to or fulfill any charitable giving you have already planned.
The Next Step
Be sure to contact your tax professional and your IRA administrator if you are considering a gift under this law. Please call 325–677-6710 with any questions.
GIFTS OF SECURITIES
Gifts of securities are valued at the median price on the date of transfer to the Philharmonic. Capital gains on the amount of appreciation may be avoided and, depending on the donor’s personal tax situation, they may receive a tax deduction of the full market value of the stock. For information on how to make a gift of securities, contact 325–677-6710.
Tribute gifts are a unique way of honoring a family member or friend. A charitable gift may be made to commemorate a special event such as a birthday, wedding, anniversary, noted achievement, or retirement. Tribute gifts are also a thoughtful expression of condolence or as a remembrance memorial. The individual or family that you designate will receive a letter notifying them of the tribute gift (with no reference to the amount), which is tax-deductible to the donor.
GIFTS OF PROPERTY
Gifts-in-kind are tangible items such as real estate, works of art, equipment, automobiles, antiques, and similar non-monetary contributions. A gift of tangible property may result in a tax deduction for the donor, with the amount of the deduction determined by whether or not the gift meets the “related use” test. If you have a question about a gift of tangible property, contact 325–677-6710.
HOUSE A MUSICIAN
Gifts come in many different forms. For every concert we produce, quality musicians are a must. In order for the Philharmonic to continue to recruit talented musicians from around the state, housing must be provided for. The Philharmonic designates financial resources every year in order to provide a place for our musicians to stay while they are here. This expense can be lessened with your generous donation to house a musician or musicians. If you have a spare room, guest house or other accommodations that you would be willing to donate for a few evenings around a concert, please contact 325–677-6710.