Endowment and Planned Giving
In 1985, the seeds of the Greensboro Symphony Endowment Fund (GSEF) were planted by Symphony Guild President, Rachel Hull Galyon. Under her leadership, the Guild raised an additional $50,000 during the 1985-1986 season to contribute toward endowing the $250,000 Concertmaster’s Chair, completed in 1995, marking the official launch of the GSEF. The leadership torch was passed to Guild member, Caroline M. Lee, who devoted more than twenty years to the development and growth of the fund.
In 1995, Guild member Kay Edwards and GSO Board Member, Maurice Jennings, launched a successful campaign to surpass the GSEF’s $1 million milestone. During the 2001-2002 season, the fund surpassed $2.5 million with a special initiative spearheaded by Caroline Lee. In 2001, Barbara Cone led a secret campaign undertaken by Endowment donors to establish the Associate Concertmaster’s Chair in honor of Caroline M. Lee. Since 2006, Cathy and Garson Rice have served as co-chairs of the Endowment Committee which surpassed $3.8 million in 2008. Each year, a gift is made to the Symphony for its annual operating budget. The most recent gift of $96,000 was received in February 2010.
Leave A Legacy
A planned gift is a very personal gift tailored to your wishes and needs. By making such a gift to the Greensboro Symphony, you leave a lasting, personal legacy so future generations may experience the same joy and wonder of orchestral music as you do. Our donors often say they wish they could give more. The truth is that they can. As a Greensboro Symphony donor, you are a family member to us and can do more through carefully planned gifts. Planned giving offers you the chance to help and receive tax breaks and/or income in return, while helping us keep world-class music and music education programs in the Greater Greensboro Area.
Bequests One of the simplest ways to give. When the Greensboro Symphony is listed as a beneficiary from your estate, your estate avoids costly taxes by receiving a charitable estate tax deduction when the gift is made. Anyone in any tax bracket can leave bequests.
Charitable remainder trusts Throughout your trust’s term, you receive payouts annually and avoid capital gains tax. The remainder of the trust is given to us at the end of the term. Charitable remainder trusts are beneficial for donors who have valuable, appreciated assets and want to turn them into income on which to live on.
Gifts A planned gift avoids the death tax and lets you see your money put to good use.
Life insurance policies If a life insurance policy is no longer needed for your family, you can name the Greensboro Symphony as a beneficiary. The premium becomes an annual gift to us and is eligible for an income tax deduction. No matter how you decide to make a donation, consult with a professional beforehand about how you can meet both your financial and your philanthropic goals.
No matter how you decide to make a donation, first consult a professional about how you can meet both your financial and your philanthropic goals.
Please call Lisa Crawford at 336-335-5456, ext. 222 to discuss the Endowment Fund and Planned Giving with the Greensboro Symphony.