Online Giving Instructions:
What is an endowment? An Endowment is a fund of money the principal of which is held in perpetuity and invested, and from which an organization may use only the return on investment. A strong endowment provides an income stream that allows us to meet our commitments and plan for the future without interruption. It allows us to run a world-class orchestra, maintain excellent education and community initiatives, and offer outstanding concerts year-round.
The purpose in increasing the Springfield Symphony Endowment fund is to help fill the gap between revenue and expenses and to provide the means to pursue new opportunities by developing programs. The income generated by our endowment is already making a positive impact on our operations, and has the potential of providing us with long-term sustainability.
To help ensure the future of the Orchestra, consider making a bequest to the Springfield Symphony. By having the Orchestra in your Will, you can commemorate the inspiration and enjoyment that the Symphony has given you over the years. Your generous contribution will help us continue to bring the pleasure of music to many future generations. Donations that come to the Orchestra from a Bequest are invested in the Springfield Symphony Endowment and the interest earned annually from these funds is used in support of the Orchestra. Therefore the money lives on forever providing funds for the sustaining of the Orchestra and educational outreach programs.
Types of Planned Gifts:
Trust/Will (Bequest) - Name the Springfield Symphony Association as a beneficiary of your Trust and/or Will. Please consult with your Attorney.
Life Insurance - Name the Springfield Symphony Association as beneficiary of your life insurance proceeds.
Charitable Remainder Trusts (CRT) - Name the Springfield Symphony Association as remainder beneficiary of your CRT. You permanently transfer the assets (typically low basis securities or real estate) you wish to donate to a Trust. You and any of your designated beneficiaries will receive an annual income for the rest of your lives. You will also receive an immediate charitable income tax deduction and there are usually no federal estate taxes on a CRT. After your death, or the death of your other spouse or other loved one(s), the remainder of the assets will be distributed to the Symphony's endowment. Please consult with your Attorney.
Gift of your Home - A life estate is a type of planned gift that enables you to donate a remainder interest in your home to the Symphony. You receive an immediate charitable income tax deduction for the gift, and you continue to live in your home until your death. Your home will then pass directly to the Symphony without delay. Please consult with your Attorney and/or Tax Advisor regarding the deductibility of this gift.
For more information, or to provide the Symphony with information about your legacy gift, please contact the Symphony office and/or fill out the following Beethoven's Society Membership form.
The following people have made recent contributions to the Springfield Symphony Endowment Fund:
Kent Compton (4)
Betsy and Dan Doughtery (1)
Edward Hilbruner Trust (2)
Dr. John and Mrs. Carolyn Gerdes
Bob, Janet, and Stacey Hopkins (1)
Ms. Peggy Day Lee (3)
Nick, Sally, Bryce and Grant Ruder (1)
(1) In Honor of Mary Lou Andrews
(2) In Memory of Edward Hilbruner
(3) In Honor of the Cello section
(4) Carolyn Compton Fay Memorial Endowment Fund
As of 1/2/2020
The following people have notified the Springfield Symphony that they have included the Symphony in their wills:
Mrs. Judy Beisner
Earl M. Brake Jr.
Bernard G. and Pamela N. Burrier
Mrs. Jerome A. Caplan
Ms. Carol Cook
Mrs. Mildred Eisele
Dr. Eric and Kristi Fulnecky
Guy and Dorothy Mace
Thomas and Evelyn Mangan
Greg and Judy McManus
Dr. and Mrs. Yates Trotter