An endowment is a fund for which the capital is held and invested over a period of years, often in perpetuity, while the income is spent on present-day needs. A gift to the Hamilton Philharmonic Orchestra’s Endowment Fund will help build a secure financial foundation for the Philharmonic for years to come. You may contribute to the Orchestra’s current endowment or establish your own. Endowment funds may be named to honour a loved one or to celebrate a birthday, wedding, anniversary, or other special occasion.
Leave a musical legacy for future generations of Hamiltonians. A planned gift is one that is arranged now but is not available for use until a time in the future. By making a planned gift, you can help ensure that exceptional orchestral music lives in our community. Your legacy can sustain the future of the Hamilton Philharmonic Orchestra through bequests, trusts, charitable gift annuities and other planned gifts. Estate planning may provide lifetime income, convert low-yielding assets into a higher income stream, reduce or eliminate taxes on capital gains, and generate a substantial income tax deduction.
There are a number of different ways to make a planned gift, but by far the simplest type to make is a bequest. A bequest is a provision in your will that directs that a certain sum of money, a particular asset, or a portion of your estate be donated to the Hamilton Philharmonic Orchestra. Since a bequest is revocable, the tax credit can significantly reduce the tax payable with the estate’s final income tax return, but provides to current income tax credit.
Please consider providing the HPO with a copy of the clause in the will pertaining to the bequest as it will be particularly helpful for receipting the estate at the appropriate time.
Let us know you’ve added us to your will, and join our Legacy Circle.
To learn more, please contact Carol Kehoe at 905.526.1677 ext. 227 or e-mail ckehoe@hpo.org.
