Legacy Giving

The Importance of Legacy Gifts

The Israel Philharmonic Orchestra is unique.  A world-renowned orchestra, educational institution and cultural ambassador of Israel.

You are unique, too.  Whether you enjoy the orchestra’s concerts, are inspired by its educational programs, or connect to Israel’s culture, you can share your values with the world.  You can have an impact.

A legacy gift, also known as a planned gift, is an opportunity that allows you to create a lasting legacy through the American Friends of the Israel Philharmonic Orchestra (“AFIPO”) to represent your desire to continue to invest in the future of the Israel Philharmonic Orchestra.

How is this possible? By reviewing the various gift planning options with us and your financial advisor, we can find the legacy gift that meets your needs. And your gift will create opportunities for the Israel Philharmonic Orchestra and its audiences and students for years to come.

 

Common Types of Legacy Gifts:

Gifts Made Through a Will

A bequest is a gift made through a will. Your attorney would include your gift in your estate plan.  After making arrangements for your loved ones, this gift in your will allows you to make a substantial gift without using your assets during your lifetime.  This type of gift is revocable, but AFIPO recognizes and honors individuals who inform us of their intentions.  Click here for sample bequest language.

 

Beneficiary Designations/Retirement Funds

Making a gift through a retirement account, such as IRAs and 401(K) plans is a simple way to make a legacy gift.  You can make a gift by adding AFIPO as a beneficiary of a percentage of the fund along with your other named beneficiaries.  You can also make AFIPO a beneficiary of other assets you may have, such as life insurance policies, bank accounts or donor advised funds.  These gifts are simple to do without an attorney, and many times the forms are found online. As with bequests, these gifts are revocable but AFIPO recognizes and honors those who inform us of their intents.

 

Donor Advised Funds (DAF)

Donor Advised Funds, also called DAFs, are an efficient way for donors to gift assets, receive an immediate tax deduction for the gift and then decide over a course of time which organizations to designate the distributions. Some examples of commonly held DAFs are at Fidelity, Schwab, and the Jewish Communal Fund.

DAFs are used by donors in several ways, including making an annual gift, memorializing a loved one, or even designating the charity to receive a gift from the DAF instead of a bequest from the donor’s will.

 

Recognition Society

Donors that have made a legacy gift to support AFIPO are members of The Bronislaw Huberman Society, a group of likeminded individuals who have chosen to support the vibrant future of AFIPO through gifts that sustain the future of the Israel Philharmonic Orchestra.  All members to the society will be kept apprised of AFIPO and IPO special programs and events.  In addition, Society Members will be invited to an annual recognition reception.

 

We would be pleased to discuss with you, in confidence, the most fulfilling way for you to make a legacy gift.

If you have made a legacy gift to AFIPO we hope you will share that news with us.

To learn more about legacy gifts or to let us know about your gift planning: you can call or email Cheryl Kohn, East Coast Director, 212-697-2943 or ckohn@afipo.org; or simply fill in the form listed below.

You may also print out THIS FORM and mail or email it to American Friends of the Israel Philharmonic Orchestra at 122 East 42nd Street, Suite 4507, New York, NY 10168.

 

Legal Name, Tax ID Number and Location:

American Friends of the Israel Philharmonic Orchestra
EIN: 23-7183563
Location: New York, NY

 

 

 

Disclaimer
The information provided on this website is not provided as legal or tax advice.  The material is general in nature and may not apply to all individuals. Individuals are urged to consult with their own tax and financial advisors concerning the benefits and consequences of making a planned gift.