Donor Advised Fund
Your charitable interests focus
on conservation, but you also support a variety of nonprofit organizations
besides the Symphony. You like the flexibility of being able
to direct your support to organizations that are accomplishing much or
facing particular challenges each year.
But – you are feeling the pressure of making multiple gifts to various
charities, especially at year-end, and of ensuring that each gift is received
and acknowledged. You have considered establishing a private foundation,
but are put off by the ongoing fees and administrative obligations.
There is a convenient alternative. the Symphony’s Donor
Advised Fund allows you to manage your charitable giving simply and efficiently.
Designed for conservation-minded individuals, our donor advised funds give
you and your family the flexibility to recommend support for the Symphony programs as well as to other charitable organizations.
With a fully deductible gift of $100,000 or more in cash, appreciated
securities or property to the Symphony, you can create a fund
in your name or in the name of a loved one. You then recommend distributions
from your fund both for the Symphony programs and to other charitable organizations,
on your own timetable – no more year-end rush. You can involve family
members in the process or give them the right to recommend distributions,
encouraging them to become responsible philanthropists themselves.
You incur none of the legal, administrative or reporting requirements
with a donor advised fund that you do with a private foundation. Neither
start-up nor ongoing administrative fees are charged. Meanwhile, the assets
in your fund are growing tax-free. the Symphony administers the
fund, writes the checks and makes the distributions in the fund’s
name. You receive documentation of all distributions made within each period,
and statements on the balance of your fund.
We review your recommendations for distributions, and approve them unless
they would benefit you or your family, or an organization whose values
are in conflict with those of the Symphony’s.
At least 5 percent of your fund must be distributed annually, and at least
20 percent of the annual distributions must support the Symphony projects
of your choice. Similarly, should you or your heirs terminate the fund,
at least 20 percent of the principal balance must be directed to the Symphony projects. You can make additional gifts of $1,000 or more to your fund
at any time.
If you are a hands-on donor, consider the flexibility and practicality
of a donor advised fund.
For more information
Email us,
complete the personal illustration form,
or call us at (619) 237-1964 so that we can assist you
through every step of the process.
San Diego Symphony Foundation
1245 Seventh Ave
San Diego, CA 92101
(619) 237-1964
