Cape Cod Symphony Orchestra

Planned Giving

Planned Giving enables individual donors to make gifts to the CCSO through wills, estates, bequests, trusts and other estate planning vehicles and receive a tax advantage. Since Planned Giving is also a major source of endowment funding to support the CCSO’s mission, it represents a win-win for both giver and receiver.

The tax advantage comes from Federal income tax laws which recognize the important role charitable giving plays in our society and encourage such giving through law. In short, those who itemize their deductions (with certain limitations) may deduct charitable gifts to public organizations.

Two of the most common vehicles for making a Planned Giving contribution to the CCSO are bequests and charitable gift annuities.

Bequest - a gift made through a will and given to the CCSO after death. A charitable bequest may be designated when a new will is drawn or added to an existing will through a codicil. The bequest may be a specific dollar amount, percentage of the estate, combination of the above, contingency benefit or a bequest in a trust for the benefit of the CCSO.

Charitable Gift Annuity - a transfer of money or property to the CCSO in return for which the donor or other designated annuitant(s) receives a fixed income for life. Upon the death of the annuitant(s), the CCSO receives the assets.

For more information about bequests, charitable gift annuities and other vehicles for participating in the Planned Giving program, contact Pamela Morrill, Director of Development, at 508.362.1185, ext. 101 or pmorrill@capesymphony.org.

Note: Donors should always consult with a tax attorney and/or tax advisor for legal and tax advice before changing or implementing any financial or estate planning strategy.