Planned Giving

Support Sacramento Philharmonic & Opera

Making a planned gift to the Sacramento Philharmonic & Opera will help us build a brighter future for orchestral and operatic music in this region, now and for years to come. We are committed to continuing to make the greatest impact as possible in our community, and you can play an integral part in achieving this mission. A planned gift commitment will also allow you to witness the positive impact of your legacy on this community now.

If you would like to leave a legacy gift to the Sacramento Philharmonic & Opera, here is information needed to do so:

Legal Name: Sacramento Region Performing Arts Alliance

Tax ID: 91-1841406

Address: 1110 2nd St, Sacramento, CA 95814

The Sacramento Philharmonic & Opera offers a number of ways for you to create your own financial legacy while furthering the classical arts for future generations, including:

Bequests

Bequests to the SP&O help reduce the taxes paid by your estate. There is no limit on the amount you can leave to the organization or to other charitable organizations through your will or living trust. The following language is an example for how you might word a bequest to the SP&O:

“I give and bequeath to the Sacramento Region Performing Arts Alliance, a California not-for-profit organization whose address is 1110 2nd St, Sacramento, CA 95814 the sum of $X (or X% of the rest, residue, and remainder of my estate) for its general purposes (or other purposes).”

Life Insurance

By giving an insurance policy already in force, you will receive a charitable deduction for the cash value of the policy. You may take out a new insurance policy on your life, or assign one already in force, naming the SP&O as the owner and beneficiary. The premiums will be tax deductible.

Charitable Remainder Trust (CRT)

You may make a gift of cash or appreciated securities in trust and receive the income from that gift until your death, the death of your spouse, or another specified time when Sacramento Philharmonic & Opera receives the assets. You will receive a charitable deduction for the gift based on your age at the time the gift is put in trust; also the asset is removed from your estate and ownership will transfer, tax free, to the SP&O.

Charitable Lead Trust (CLT)

You may give a gift of cash or appreciated securities in trust and direct that the trust distribute to SP&O a specified annual gift over a specified number of years. When that time has elapsed, the trust is terminated and the remaining assets are distributed to the donor’s beneficiaries.

Joint Account

You may name Sacramento Philharmonic & Opera as a co-owner with right of survivorship of any savings account. Upon your death, that account becomes the property of the SP&O automatically and without probate.

Charitable IRA Rollover

IRA owners ages 72 and older can make Qualified Charitable Distributions (QCDs) from their accounts – up to $100,000 annually and owe no income tax on the distribution.    No charitable deduction is allowed for the gift, but the QCD can satisfy required minimum distributions, thereby saving taxes, even for donors who do not itemize their deductions.  QCDs must come directly to the charity from the IRA custodian, not from the IRA owner.  QCDs cannot be used to fund life-income gifts such as charitable remainder trusts or charitable gift annuities, but can be used to satisfy a donor’s outstanding charitable pledge.  Only public charities – not donor advised funds – can receive these Qualified Charitable Distributions.

If you have already arranged such a gift, please let us know so we can properly recognize your generosity!

For more information about the Sacramento Philharmonic & Opera Legacy Giving Program, or to learn about other acceptable gifts, please contact:

Giuliano Kornberg
Chief Development Officer
Sacramento Philharmonic & Opera
1110 2nd St
Sacramento, CA 95814
612.865.9198

or send him an email below:

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