ENDOWMENT & PLANNED GIVING

What is the Elmhurst Symphony Endowment?

The Elmhurst Symphony Endowment has been organized to accept contributions dedicated to assure the Elmhurst Symphony continues for decades to come.  It accepts, manages and grows assets for long term needs of the Symphony. 


Why an Endowment?

While support for ongoing expenses, programs and projects is always necessary and welcomed, endowment dollars are distinguished by their ability to serve in perpetuity. The Endowment provides a separate capital reserve outside the day-to-day, year-to-year operating needs of the Symphony. It allows great flexibility for the Symphony in allocating its financial resources. Additionally, it can provide income support in times of extraordinary needs, and funds in times of opportunity.


Who can support the Elmhurst Symphony through its Endowment?

All individuals, families and groups of people who possess a desire to support the mission of the Elmhurst Symphony through direct participation in its legacy and future are welcome to investigate the benefits of the Endowment.


When can one provide support through the Endowment?

Participation in the Endowment can be established when it best fits you:


- Current Endowment: A gift to the Endowment made today.  A current gift provides a current tax deduction, current recognition of your gift, and current support through the Endowment.


- Accumulative Endowment: You can begin a program of endowing today; then, over time, build it with future additions as your situation or planning develops. It can be further expanded through receipt of a final contribution from your estate. Thereafter it can continue to grow through future donations by descendants and friends.


- Deferred Endowment: For those who intend support, but for a variety of reasons cannot take action today, a Deferred Endowment allows you to create the framework for a future gift, particularly at death or the death of a surviving spouse. This is accomplished through a gift by way of will, trust, insurance or retirement plan beneficiary designation, or other estate planning.  Those who inform the Trust of their provision for a deferred gift of $10,000 or more are recognized as a Heritage in Harmony member.


What can I donate to the Endowment? 

The Endowment is empowered to accept a wide variety of gifts, including:


- Cash and marketable securities.


- Insurance proceeds through beneficiary designation and gift of insurance policies.

- IRA, 401k and other retirement plan assets, by current gift or as a named beneficiary. 

- Through Charitable Remainder Trusts and similar devices.

- Real estate and other non-financial assets.

This list is not inclusive, and certain real estate and other assets need to be discussed prior to acceptance. Please contact us for details.


How can I support a specific need of the Symphony through the Endowment? 

Most endowment gifts are unrestricted so as to provide the greatest flexibility in their use in meeting future needs of the Symphony. However, the Endowment does provide for a wide selection of restricted gifts—gifts designated in support of a specific purpose. These include sponsorship of soloists and orchestra chairs, performance expenses such as music costs and instrument rentals, and other opportunities. These endowment options can be established for a fixed period or years, or in perpetuity.

Restricted gifts can be named after oneself or the organization establishing the endowment, or to honor and memorialize an individual or family. We are pleased to provide a list of available options, and listen to your intentions.


When do I begin? 

The time to begin is now.



To obtain more specific information the Trust and how it might suit your objectives, please contact us.  Committee members are available for a private and confidential conversation, by phone or in person, to discuss the Endowment and address your questions.


If the Elmhurst Symphony Endowment fits your plans, we would be pleased to work with your legal, accounting and insurance advisors in assisting you in attaining your goals with the Elmhurst Symphony.  



Support the ESO through its Endowment Trust, Give With Endowment

SUBSCRIPTIONS AVAILABLE

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ROBERT L. STANGER YOUNG ARTISTS CONCERTO AUDITION

Auditions will be held 2-16-2019.

CONTACT US

P.O. Box 345
Elmhurst, IL 60126
(630) 941-0202
esoboxoffice@gmail.com