Legacy Circle

Ensuring a legacy of musical excellence for future generations.

Gift plans create opportunities for both our donors and the Annapolis Symphony Orchestra. Determining what gift is right for you is just as important as making the gift. There are many options from which you can choose. The correct plan for you balances what you wish to accomplish for yourself, your family, and your charitable interests in your overall estate and financial plans. Learn about giving strategies that allow you to make a meaningful charitable gift while possibly enhancing your, and your family's, future financial well being.

Planned Giving Options

For more than 50 years, the Annapolis Symphony Orchestra has enhanced people’s lives and the greater community through the power of music. This has been possible through the generous support of ASO donors who have recognized the value of the ASO in their lives and in their community.  To help ensure the longevity of the ASO’s extraordinary performances and numerous education and community programs, you may make a planned gift that can benefit you, your family, the ASO, and future generations of the ASO community.

There are a number of Planned Giving Options:

  • Cash. This is a simple and common way to make a gift. Donations of cash are deductible if you itemize in the year of contribution.
  • Bequests. Leave us a percentage of your estate. Or, make a bequest of money or a particular piece of property to our organization.
  • Securities. Give stocks that have increased greatly in value, particularly those producing a low yield. If you have owned them longer than one year, you will pay no capital gains tax on the transaction, and you can deduct the full fair market value.
  • Bank accounts and CDs. Name the ASO as the "payable-on-death beneficiary" of your bank accounts or on certificates of deposit. You own the assets for your lifetime and have them available for your use. Upon your death, the assets pass directly to us without going through probate.
  • Retirement plan assets. Your most efficient estate planning option may be leaving all or a portion of your retirement plan to the ASO, because tax laws often subject these assets to income and taxes upon death. Many techniques can be used to avoid income taxes up to 35 percent. At the same time, you can pass more tax-favored assets to your family.
  • Charitable gift annuity. This is a simple contract between you and us that pays you a fixed dollar amount for your lifetime. The older you are, the higher your annuity rate. If you use appreciated property to fund the gift annuity, you will escape the capital gains tax on the gift portion of the transaction. Plus, you are able to spread the remaining capital gains tax over your estimated life expectancy. You also receive a partial income tax deduction.
  • Charitable remainder trust. A charitable remainder trust pays a fixed or variable income to the donor. The payments are made either for life or a period of time not to exceed 20 years. At the end of the trust’s term, the balance in the trust supports our mission. You’ll also receive a partial income tax deduction.
  • Charitable lead trust. This type of charitable trust pays income to one or more charitable organizations, typically for a period of years, after which the remaining trust assets pass to family members.
  • Real estate. This is a simple donation if you own property that is not mortgaged, has appreciated in value, and you no longer need or use. You can deduct the fair market value of your gift and eliminate all capital gains taxes. Plus, you have removed that asset from your taxable estate.
  • Retained life estate. You can transfer the deed of your personal residence or farm to us now and keep the right to live in and use the property for your lifetime. You will receive a current charitable deduction in an amount that is based on your life expectancy and the value of the property.
  • Life insurance. Rather than cancel policies you no longer need, you could name the ASO as the beneficiary, or simply donate the policies outright.

For More Information:

The Annapolis Symphony Orchestra is most grateful for any and all gifts, regardless of the amount or the manner in which they are made. We are always available to provide you with further information and suggestions on gifts that fit with your lifestyle and philanthropic goals. Please contact  the ASO office at 410-269-1132.