Donations

WHY SUPPORT THE ALEXANDRIA SYMPHONY ORCHESTRA?

Contributed revenue accounts for over 75% of the ASO’s annual income, through annual fund appeals, concert and guest artists sponsors, special event fundraisers, and grants from foundations and corporations.

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Options for Year-end Giving

As many Alexandria Symphony Orchestra patrons know, reaching age 70-1/2 is that milestone when individuals are required to withdraw a certain minimum amount from Individual Retirement Accounts (IRAs). Philanthropically-inclined savers who are age 70-1/2 or older can satisfy that requirement and get a tax benefit at the same time by transferring up to $100,000 from their traditional IRAs to a charity, says Joan M. Renner, CPA, CGMA, Shareholder, Renner and Company, CPA, P.C. This “qualified charitable distribution” avoids taxes that you would have otherwise owed on an IRA distribution, but the funds must be paid directly from your IRA to a qualified charity. A married couple can each contribute up to $100,000, for a total of $200,000. Contact your tax advisor to see if a qualified charitable distribution is a strategy that you should consider.

Gifting Shares of Stock

If you are planning to make a gift of appreciated stock to the ASO, please do so as soon as you are able. It may take a week or more from the time of your request to our receiving your stock donation. It will be helpful to the ASO office staff and for your own record-keeping to have these transfers completed in a timely fashion before year-end.

Alexandria Symphony is a 501c3 charitable organization.  All gifts to the Alexandria Symphony Orchestra are tax deductible as allowed by law. Federal Tax ID is 54-0805937.