What is an endowment?
An endowment is a fund created to ensure financial stability and longevity for an institution like the FSO. With a restricted endowment only the income from the fund is normally spent. Less restricted endowments allow both income and principal to be withdrawn to help pay for operating costs and other contingencies. The symphony's endowment funds are managed through a professional financial advisor with long-time ties to the FSO.
Why might I contribute to an endowment?
Contributing to an endowment offers you the opportunity to leave a legacy of classical music. The symphony's endowment funds allow us to envision and plan beyond the current fiscal year. While building an endowment is critical to the current and future stability of the FSO, it is also provides the possibility for you to honor a loved one or to give a gift ensuring that symphonic music will be heard in Northern Arizona for years to come.
What is planned giving?
Also known as gift giving or deferred giving, planned giving is a wide-ranging term for a variety of financial instruments ranging from simple bequests made in your will to charitable gift annuities. Planned giving encompasses a myriad of ways you can bequeath property, stocks and other assets to the symphony to contribute to its robust longevity. Planned giving opens possibilities for you to receive benefits during your lifetime and for the symphony to receive funds for its lifetime. We can refer you to appropriate professionals who can advise you about the program that suits you best.
What is a memorial fund?
A memorial fund is a financial gift you offer to honor a special person or commemorate an important event. You may choose to create a scholarship fund honoring the contributions of a retiring musician or a lifetime symphony supporter. We can refer you to professionals who can help turn your wish into a meaningful tribute.