While cash remains king for non-profit organizations, there are many other ways to make meaningful donations to the ACO. Below are just a few to consider. Please note that it is always best to check with your financial advisor to help design a giving strategy that is best for you.
The ACO is happy to accept gifts of appreciated stock. While helping to offset capital gains for you, appreciated stock acts much as a direct cash gift. Based on our established gift-acceptance policies, the ACO will sell the stock upon receipt and acknowledge the sale amount for your tax records.
If you choose to direct all or part of your required annual distribution from an IRA to the ACO, you may do so up to $100,000 tax-free. The ACO can also be included as a beneficiary of all or part of a retirement account or life insurance policy.
Planned giving is an ideal way to make a gift to the ACO at a level that may not be possible for you today. Many options exist for you to support the orchestra without jeopardizing your financial future or that of your heirs. The easiest is to include the ACO as a beneficiary in your will. It requires a simple codicil that your lawyer can prepare for you. Other popular options include naming the ACO as a beneficiary of a Charitable Lead or Charitable Remainder Trust. A variety of charitable giving platforms exist and are best discussed with your tax advisor, financial advisor or estate lawyer.