Planned Giving

We welcome the opportunity to help you develop a gift arrangement that meets your philanthropic and financial goals. We encourage you to also discuss your intentions with your attorney or financial advisor.

If you have questions or wish to make a planned gift, please call Lenore Eggleston, Director, Marketing and Development at (914) 682-3707 ext. 15.

Bequests
Include us in your will. A will provision allows you to make a substantial contribution without diminishing the assets available to you during your life. Since bequests are deductible from your taxable estate, significant estate tax savings are possible.

Charitable Gift Annuity
In exchange for a gift of money or securities, a charitable gift annuity will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and you also receive a charitable deduction for part of your gift as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the Philharmonic.

Charitable Remainder Trust
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the Philharmonic.

Charitable Lead Trust
You can support the Philharmonic for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to the charities of your choice each year during the term of the trust. When the trust terminates, the assets in the trust revert to you or to individuals you wish to benefit.

Retirement Plan
Naming the Philharmonic as a beneficiary of your retirement plan also avoids income tax when the Philharmonic receives its distribution from the plan.

Life Insurance
When you give a life insurance policy to the Philharmonic, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, these premiums are also deductible.

All contributions are tax-deductible to the extent provided by the law.


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