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INDIVIDUAL GIFTS & DONATIONS

PLANNED GIVING

A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or trust during the donor’s lifetime, it does not take effect until the maturity of the gift…

By definition, a planned gift is any major gift, made in lifetime or at death, as part of a donor’s overall financial and/or estate planning. Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both the donor and charity.

There are three types of planned gifts:

• Outright gifts that use appreciated assets as a substitute for cash
• Gifts that return income or other financial benefits to the donor in return for the contribution
• Gifts payable upon the donor’s death

To learn more about planned giving opportunities, please contact:
Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or development@sigalmusicmuseum.org

DONOR ADVISED FUNDS

A donor-advised fund is like a charitable investment account and for the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities or other assets to a donor-advised fund at a public charity like the Greenville Community Foundation, you are generally eligible to take an immediate tax deduction. Then those funds can be invested for tax-free growth and you can recommend grants to any IRS-qualified public charity.

• Cash equivalents
• Publicly traded securities
• Certain restricted, controlled, or lock-up stock
• Mutual fund shares
• Private equity and hedge fund interests
• Real estate

Donors who give to SMM through a donor-advised fund may be eligible to receive only incidental benefits, including museum admission and a discount at the museum store. Certain benefits, including guest passes and special exhibition passes, may be withheld as a condition of the gift as they carry a tax implication for goods or services offered in exchange for your gift.

(Note: This information is not intended as legal advice. Donor advisors should consult their DAF manager, tax advisors, and legal counsel to determine the tax treatment of their proposed contributions.)

To learn more about donor-advised funds, please contact:
Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or sarah@sigalmusicmuseum.org

HONOR AND MEMORIAL GIFTS

An honor or memorial gift to the Sigal Music Museum is a lasting and meaningful way to recognize a family member or friend, or to celebrate a special occasion. Your donation helps to support the Sigal Music Museum collection, provide educational programs for audiences of all ages, and bring world-class artists to the SMM Music Theater. Gifts of $100 or more will be listed on SMM’s digital donor wall and your honoree will receive a special card.

We would be happy to speak with you about honor and memorial gift opportunities. For more information, contact Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or sarah@sigalmusicmuseum.org

EVENT/EXHIBIT SPONSORSHIPS

In addition to featuring pivotal eras, genres, and artists in musical history, SMM sponsors events and exhibits throughout the year from all over the country and across the globe.

We would be happy to speak with you about individual event/exhibit sponsorship opportunities. For more information, contact Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or sarah@sigalmusicmuseum.org

ENDOWMENTS

Endowments are permanent funds donated to an organization in which the principal amount is held in perpetuity and only the investment income or earnings are expended annually.


Why Endowment?

Endowment gifts provide a powerful and stable long-term source of funding for SMM. Endowed funds support activities not just for one year, but help make certain that SMM will exist as a resource for future generations. In keeping with SMM’s Investment Policy, endowment funds are invested prudently to ensure they can sustain current and future needs. Unlike annual gifts, the endowment provides a protected source of income not subject to cyclical variations in income and is cushioned against market fluctuations.

 

Benefits of Establishing a Named Endowment:

  • Serves as a lasting, named tribute.
  • Provides for future generations and ongoing stability for SMM

 

Sigal Music Museum Endowment Support Areas:

SMM’s endowment represents assets invested in a diversified portfolio designed to ensure current support as well as growth for the future. Endowment support areas include:

General Operations: Undesignated endowment gifts will be used for general programs and operations of SMM.

Collection Acquisition: Gifts to this fund will be used for the purchase of permanent collection items, including musical instruments and related objects.

Education: Gifts will be used to fund K–12 education programs.

Music Theater Concert Endowment Fund: Gifts to this fund will provide support for exceptional musical performances from around the world at the SMM Music Theater.

Your gift of $25,000 or more could be added to SMM’s endowment fund in your name. For more information or to make a gift, please contact:
Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or sarah@sigalmusicmuseum.org

INSTRUMENT ADOPTION

Why not serve as the “proud parent” of an instrument at the Sigal Music Museum? By adopting an instrument, your donation insures proper display, maintenance, and use of the instrument. Your name will be prominently displayed with the instrument, you’ll receive special tickets to events using your instrument and you’ll be acknowledged at every performance on the instrument.

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Instrument adoptions of $500 or more include a specific Sigal Music Museum membership.

Once adopted, an instrument donor name remains a permanent part of the instrument support catalog.

For more information about instrument adoptions, please contact:
Sarah Arbogast, Vice President of Development and Marketing at 330-354-7096 or sarah@sigalmusicmuseum.org

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