"You never know who you will positively influence with your music."
"You never know who you will positively influence with your music."
More than 25% of our annual budget comes from the Phil’s Annual Fund Appeal and enables us to complete our mission: to strengthen the community by providing high quality, live orchestra programs to people of all ages across the region. We truly hope that you will consider supporting the work of the Erie Philharmonic by making a gift to share in the excitement.
In appreciation for your generous support, the Erie Philharmonic is pleased to offer the following updated benefits:
The full list of benefits for higher levels of support are listed above.
Download this pledge form and return it to the Erie Philharmonic office at 23 West 10th Street, Suite 3, Erie, PA 16501, today to reserve your parking spot for the 2016-2017 season. Spots will go quickly!
IRA Charitable Rollover
IRA Charitable Rollover
Taxpayers must start taking required minimum distributions from many types of retirement accounts in the year they turn 70.5, whether or not they want or need them.
Betty, aged 80, must take a required minimum distribution of $25,000 this year from her IRA. She wants to use the funds to make her annual contribution to support the Erie Philharmonic matching gift program for Emanuel Ax. She usually does not itemize her taxes and thus has the funds transferred directly to us, using the IRA charitable rollover to make her annual contribution. Betty escapes both federal and state tax. Betty also decides to make us the beneficiary of her IRA in her estate plan and leave other assets to her loved ones. She chooses this gift strategy because her loved ones would have to pay income tax on her IRA proceeds.
If the largest asset in your estate is your retirement plan, such as a 401(k), IRA, or Keogh, you may be surprised to learn that the IRS will impose income tax on the remaining balance in the account if you designate it to any other beneficiary, including your spouse.
This tax is in addition to the estate tax that may be imposed on the account. For estates fully subject to the estate tax, the result can be that up to 60 percentof the value of your retirement plan will be consumed in taxes before your child, relative, or friend receives it.
There is a sensible charitable alternative
Name the Erie Philharmonic as the beneficiary of your retirement plan, then use other assets not subject to income tax to make gifts to your heirs. The Philharmonic, as a qualified non-profit, won't pay income tax on our distribution and your heirs will receive their share of your estate without the burden of extra taxes.
To take advantage of this opportunity, please contact Executive Director Steve Weiser at 455-1375, ext. 20 or email@example.com
We need to continually confront the challenge of excellence and longevity with a strong and secure financial base.
Through planned giving, the Erie Philharmonic Staff, Music Director and Board of Directors has set a goal to increase the Philharmonic's Endowment Fund to $4 million by the end of the 2019-2020 season. Estate Gifts of $10,000 or more to the endowment have never been as important.
Those who provide for the Erie Philharmonic through planned giving at a minimum of $10,000 are recognized as members of the Crescendo Society. As a thank you, members of this society will be invited to an exclusive lunch with Music Director Daniel Meyer once a year for a behind-the-scenes look into the Philharmonic.
Exclusive group of donors who wish to permanently endow the Music Director's chair. This position is currently held by Daniel Meyer.
Exclusive group of donors who wish to permanently endow the Concertmaster's chair. This position is currently held by Ken Johnston.
Major donors to the Philharmonic endowment who wish to underwrite the chair of a principal musician.
Donors to the Philharmonic endowment who wish to recognize the chair of a musician who has had a special influence or impact on their life and enjoyment of fine music.
Special recognition to donors who help assure through their generous gift that the endowment remains as a stabilizing force and lifeblood for the orchestra.
Wally and Gloria Knox
John and Linkty Luther
Carl and Maura Pelinsky
Al and Peggy Richardson
William and Francis Schuster
William and Janice Underhill
Tom and Cheryl Vicary
Leon and Laura Wallerstein
Don and Susan Baxter
Mr. & Mrs. Boyd Bert Jr.
Miss Jean Louise Bloom, Ph.D.
Charles and Noel Burgoyne
Pete and Isabel Clemens
Mrs. Betty Davis
Jean Sturtevant Dunn
John and Bonnie Enders
Fletcher and Elsie Gornall
Robert and Betsy Guelcher
Wally Faas and Patty Holstein
John William Kloss
A last will and testament reflects an individual’s most beloved people, values, and causes. Bequests to the Erie Philharmonic can designate a dollar amount, a percentage of an estate, or a piece of property. A benefactor may also instruct how a gift should be used. A bequest made through a will or trust is free of estate tax.
A charitable gift annuity has rewards the giver or loved ones with dependable fixed income for life, provides a charitable income tax deduction, can potentially reduce estate taxes, and may enable capital gains tax savings. Charitable gifts can be funded with cash or marketable securities, and are designed for people of retirement age or older. Income provided through these gifts is based on age and remains fixed for life.
Remainder trusts are versatile planned gifts that can provide for several loved ones, be customized to the donor’s needs, and can serve as vehicles for giving non-traditional assets such as land or real estate. The trust payout rate is determined at the time the trust is established. Payout percentage remains the same, although income may fluctuate depending on market performance.
Qualified retirement accounts such as an IRA, 401(k), Keogh, or SEP can be used to make a legacy gift to the Erie Philharmonic. While these assets are heavily taxed for heirs, 100% can be used to support a charity. Benefactors are frequently counseled to use tax-favorable assets such as cash or securities for family, and consider using qualified retirement plans as planned gifts.
Real estate is an excellent and sometimes overlooked type of planned gift. Property can be given to the Erie Philharmonic outright, deeded as a gift, or sold below market value. Benefactors may give residences or vacation homes while retaining the right to living in them for the remainder of their lives. People giving real estate are entitled to income tax deductions, as well as potential reductions in their taxable estates.
Gifts of insurance policies can be simply arranged by naming the Erie Philharmonic as beneficiary. This form of planned giving is particularly appropriate when policies have outlived their initial purposes. It also enables benefactors to make significant gifts without negatively affecting cash flow.
The Erie Philharmonic offers a variety of ways for individuals to get involved as a volunteer. Philharmonic volunteers enjoy contributing to the success of one of our region’s cultural treasures. There are a wide variety of volunteer jobs that need to be filled. Some require only a few hours of your time, while others involve a more serious time commitment. But with the many volunteer options available, there is sure to be one that fits your interests, skills and available time.
Volunteer ushers help make an evening at Philharmonic an enjoyable experience for our concert patrons. Ushers help patrons locate their seats, answer questions and generally attend to the comfort and safety of concertgoers. Ushers are needed for each Saturday evening concert presented at the Warner Theatre. Ushers should be customer service oriented. The benefit of serving as a volunteer usher is complimentary admittance to the concert.
The Erie Philharmonic Chorus appears several times each concert season, performing both major choral works in the symphonic series, as well as lighter works for the pops series. Chorus members meet weekly from September through April to prepare for choral performances. Although participation is by audition, the Chorus is mostly amateur musicians willing to make the commitment to learn and perform masterworks of the choral literature. Ultimately, enjoying the thrill of performing in the grand Warner Theatre under the auspices of the Erie Philharmonic Orchestra conductor and other guest conductors. is the benefit of being a part of the Chorus.
Office volunteers are always needed to perform a variety of tasks such as mailings, phone calls, filing, etc. Office volunteers can assist on an as-needed basis or some may prefer to set a regular schedule.
Each year the Erie Philharmonic presents a series of fundraising events in support of our mission to share live symphonic music with the region. Volunteers to plan and implement these events are always appreciated. Event volunteers should be detail-oriented, creative and results-driven.
Do you have a talent or skill you’d like to share with the Erie Philharmonic? Call and let us know. There are many ways you can help besides those listed above. We’d love to hear from you.