Have you ever worried about what would happen if your favorite charities lost your annual donation?
Your annual donation is vital to the Allentown Symphony. In fact, annual donations make up 60% of our total operating funds. Ticket sales and hall rentals provide 24%, and distributions from our endowments provide 16%.
Large or small, every penny of your donation matters to us and is used to protect and preserve the Allentown Symphony. We need your help to increase our endowment to stabilize our annual revenue and create sustainable funding. The best part is you can help us in a way that costs you nothing today.
An endowment is an invested fund that provides a permanent source of ongoing income for the Allentown Symphony. It's like your personal retirement plan, but provides the Allentown Symphony with sustainable, long-term funding.
When you make a gift to our endowment, your gift is invested and grows. It is maintained permanently, making a lasting difference to the Allentown Symphony forever.
With the help of an attorney, you can include language in your will or trust to make a gift to the Allentown Symphony. Or you can designate us as a beneficiary of a retirement account, bank account, or life insurance policy — which is free to do and you don't have to change your will or trust.
To determine the minimum gift amount you need to leave in your will to endow your annual gift, multiply your annual gift times 20. For example, if you currently give $2,500 each year, a gift of $50,000 ($2,500 x 20 = $50,000) in your will to our endowment will replace your annual gift forever. Our endowment will take your gift of $50,000 and invest it. Each year, it will distribute 5% of the fund's value to the Allentown Symphony to use for annual operations — $50,000 x 5% = $2,500. You can have an even bigger impact by leaving a larger gift to our endowment.
To learn more about how you can endow your annual gift, please contact us.
Have you already included a gift for the Allentown Symphony in your will, trust or estate plan? Let us know! We want to recognize you today for your generosity and welcome you into the Voorhees Society.
