Support the TSO while achieving your philanthropic goals
The Tallahassee Symphony has a host of donors like you who are a vital part of our orchestra family and who want to make sure that the orchestra continues its mission to “engage, enrich, and inspire people at all stages of life through great music.” We are pleased to announce the founding of The Tallahassee Symphony Legacy Society in conjunction with a major gift bequest by Marjorie Turnbull. Like you, Marjorie is a long-time member of the TSO family and has directed the earnings of this gift to be used for “education initiatives and other programs to foster in young people a love and appreciation for orchestra music.”
The Tallahassee Symphony Legacy Society will recognize donors who have made a gift plan to the TSO ensuring that the legacy of the TSO will continue for generations to come. The TSO will steward and recognize these donors at an annual event each year. Please join this society and affirm your commitment to our orchestra.
For more information about the TSO and how make your gift plan, continue reading the information below, or contact Amanda Stringer, CEO, at the TSO Office by calling 850-224-0461.
Making a Difference
The Tallahassee Symphony is very proud to be part of a thriving community that supports the arts. A planned gift enables you to make a difference in the lives of everyone we touch through the power of music and your generosity. This type of gift entitles you to certain tax benefits while maximizing your financial and estate planning goals. A planned gift is a commitment to future musicians and audiences in generations to come while demonstrating your passion for the TSO.
Personal Connections
Making a gift plan is a financially sound and personal way to give to the TSO. Each plan reflects the donor’s love for music and the orchestra. Here are two stories of how patrons are making a difference now and in the future.
“I inherited a love for classical music from my parents, who took me to Symphony Concerts in Liverpool, England. When I joined the Board of the Tallahassee Symphony Orchestra, I learned that ticket sales only cover 40% of the costs of a concert series. Since then I have been steadily increasing my support for the art form which is my first love (of many!) Jane and I have included the TSO in our estate planning to ensure that future generations can also fall in love with classical music.”
-David and Jane Watson
“Through our travels around the U.S. and abroad, we’ve had the opportunity to attend classical music performances by some of the world’s greatest orchestras. From that we’ve come to recognize that here in Tallahassee, we are fortunate to have what is unquestionably a world-class orchestra. We’re pleased to be among those committed to financially supporting the TSO through our estate plan as well as annual gifts. We want the music we enjoy today to continue to enrich the lives of generations to follow.”
-Phil and Mary Lee Kiracofe
Ways to Develop a Gift Plan to Give Now and in the Future
Gift Plans use a wide variety of financial and estate planning tools to help you reduce taxes and maximize your philanthropic goals. Gifts can be made to our annual fund or to an endowment that will exist in perpetuity to support the orchestra.
CASH
Giving cash to the annual fund is the easiest way to make an impact now and may qualify for a tax deduction.
WILLS AND TRUSTS
Gifts made from your will, living trust, or other estate plan documents is the most common way to make a legacy gift.
STOCKS AND SECURITIES
Gifts of appreciated stocks held for more than one year are on the best ways to give while minimizing capital gains tax and also qualify as a charitable donation.
RETIREMENT ACCOUNTS
Giving part of your retirement assets, such as an IRA, 401k, 403b or other tax-deferred plan is a smart way to give. Including the TSO as a beneficiary can help you and your family minimize future taxes.
IRA REQUIRED MINIMUM DISTRIBUTIONS
If you are 70 and 1/2 or older, directing your IRA required minimum distribution (RMD) tot he TSO is a tax-wise way to give a qualified charitable deduction (QCD) and help you give with pre-tax assets and reduce your ordinary income.
LIFE INSURANCE, PROPERTY, AND REAL ESTATE
Donors can give a new or existing life insurance policy to support the TSO. Gifts of appreciated land and property may provide a tax deduction and limit capital gains tax.
