What is Planned Giving?
Planned Giving offers a variety of estate-planning opportunities that allow you to make a lasting difference in the financial stability of the Port Angeles Symphony Orchestra and at the same time, offer you personal satisfaction, an opportunity to contribute to your musical legacy, as well as potential income tax advantages.
An additional benefit for naming the Port Angeles Symphony Orchestra in your estate plan is you become a member of our Musical Legacy Society. You may download and complete an Expression of Interest in Planned Giving. When we receive your Expression of Interest, we will contact you and work with you and your professional advisor(s) to help you meet your planned giving goals.
Planned Giving Options
Most planned gifts are in the form of bequests, which are easy to establish. If you already have a will, ask your attorney about executing a codicil to your will, naming the Port Angeles Symphony Orchestra as a recipient of a fixed amount or percentage of your estate.
Outright Gift of Other Assets
In addition to a dollar amount, Port Angeles Symphony Orchestra supporters may donate securities, savings bonds, or real estate.
Revocable Gifts / Beneficiary Designations
You can name the Port Angeles Symphony Orchestra as a designated beneficiary of many different assets:
- Your retirement account (IRA, 401(k), 403(b) or other qualified retirement plan;
- Your life insurance policy;
- A commercial annuity contract;
- A bank account;
- A brokerage account.
Irrevocable Gifts / Charitable Trusts
A Charitable Remainder Trust pays you and/or another named beneficiary an income stream for life or for a specified number of years. When the trust terminates, the remainder of the assets in the trust pass to the Port Angeles Symphony Orchestra.
A Charitable Lead Trust makes payments to the Port Angeles Symphony Orchestra for your lifetime or for a specified number of years. At the end of the trust term, the remaining assets revert to you or distributed to your heirs.
We encourage you to consult with your estate planning attorney and/or other professional advisors before deciding if a planned gift is right for you.
You can learn more about how planned giving fits into our fund raising strategies by visiting our Planned Giving Presenation. Please join us to secure the future of our fine community orchestra – a charitable organization organized under section 501(c)(3) of the Internal Revenue Code.