Legacy Giving

What is it?

Legacy (or planned) giving is a type of charitable contribution that allows you to express your personal values by integrating your charitable, family, and financial goals. By making bequests or other planned gifts, you can continue to help organizations that are making a difference in your community. Can you think of a better way to thank the people or organizations that have had an impact on your life than to make a contribution from your estate through a bequest?

Why give?

Legacy giving helps produce the beautiful music of the Missouri Symphony Orchestra and helps underwrite the educational programs of the award-winning Conservatory. The Missouri Symphony Society is very grateful for the continued generosity of members and donors.

For more information or to give a legacy gift, please call our office at (573) 875.0600.

BEQUESTS & ESTATE PLAN GIFTS

A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to the Missouri Symphony Society by including language in your will or living trust or by designating the Symphony Society as a beneficiary of your retirement account or life insurance policy.

PUBLICLY TRADED SECURITIES

Publicly traded securities can be used to make an outright charitable gift. If you give appreciated securities that you have held longer than one year, you are entitled to a charitable deduction from your income tax for the full fair market value of the securities. You also may be able to defer or completely avoid capital gains tax on the securities, depending on the type of gift.  Publicly traded securities can also be given to the Missouri Symphony Society to establish a life income gift or through one’s estate.

Publicly traded securities may be transferred electronically from a brokerage account to the Symphony Society.  To ensure that your gift is properly credited, if your gift is to establish or add to a life income gift, please contact us before you make the gift.

IRA CHARITABLE ROLLOVERS

Due to recently enacted legislation, you may be able to make a gift to charity with a distribution from your Individual Retirement Account (IRA), and take advantage of tax savings. Under The Protecting Americans from Tax Hikes Act of 2015, Americans over the age of 70 ½ can distribute up to $100,000 in a calendar year from an IRA to Stanford or other charities, tax-free. This distribution to charity can be a significant benefit for IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes.

If an IRA owner directs the IRA plan administrator to distribute any amount up to $100,000 to charity, the distribution counts toward the owner’s minimum required distribution, but is not included in his or her income for income tax purposes. Although the IRA owner is not entitled to a charitable deduction for the distribution, the distribution benefits charity. This option is known as the “IRA charitable rollover”