Unleash the Power of Your Giving: Tax-Savvy Strategies for Supporting Pacific Symphony!

Are you ready to turn your philanthropy game up a notch while giving your tax returns a makeover? Well, guess what? We’ve got the perfect plan to make it happen—and it’s all about maximizing your impact on Pacific Symphony while minimizing those pesky taxes!

The Magic of an IRA Charitable Rollover

Picture this: You, becoming a tax-saving wizard! With an IRA charitable rollover (also known as a qualified charitable distribution), you can work your financial magic. Here’s the deal—it lets you give back without forking over a cent to Uncle Sam in taxes on pre-tax assets. That’s right, you’re not just supporting the arts; you’re also reducing your tax liability. And even if you’re not in the mood to itemize deductions or dealing with those charitable deduction limits, this beauty can still trim down your taxable income.

But wait, there’s more! An IRA rollover gift might just be your ticket to steering clear of that higher tax bracket. The best part? You only need to be 70.5 years young and have a traditional IRA to make it happen. So, whether you’ve already spread some philanthropic love elsewhere this year or met your required minimum distribution, don’t worry. You can still share the joy with Pacific Symphony through an IRA charitable rollover.

Gift of Appreciated Securities: Your Tax-Savvy Move

Here’s another showstopper—the gift of appreciated securities. Get ready to dodge those capital gain taxes like a pro! Instead of selling your appreciated securities and facing the taxman, you can donate them. Not only will you avoid those pesky capital gain taxes, but you’ll also strut your stuff with a charitable deduction equal to the full market value of your assets.

But there’s a little twist—you need to have owned those publicly traded securities for more than a year to enjoy these tax benefits. Just like the IRA rollover, the transfer needs to flow directly from your financial institution’s custodian to Pacific Symphony. And hey, don’t forget to drop us a line when you make the move, as gifts of securities often arrive incognito.

Ready to Make a Splash? Contact Us!

Are you itching to give your support a tax-savvy twist? Reach out to us at info@pacificsymphony.org! We’ll spill the beans on all the details, including the institutional info you’ll need to make your gift sparkle. But if you’re aiming to reduce your 2023 taxes, act fast and consult your financial institution for year-end deadlines on these black-belt, tax-reducing gifts. Stocks received on January 1 or later will result in a charitable tax-deduction receipt for 2024.

Join the Marcy Mulville Society!

Hold onto your baton because there’s more excitement in store! All you fantastic folks who have named Pacific Symphony as a beneficiary of your IRA or brokerage account or have planned a special gift in your estate plan are invited to join our exclusive Marcy Mulville Society. As a member, you’ll savor the perks—think exclusive events, complimentary concert tickets, and optional public recognition in our program books. The next soirée is just around the corner, with a fabulous dinner scheduled for Sunday, February 4, 2024. Curious?

Contact info@pacificsymphony.org for all the juicy details and RSVP like a true VIP!

It’s time to make your giving journey a little more fabulous while keeping those tax worries at bay. Join the Pacific Symphony fan club of philanthropists who are maximizing their impact while minimizing their taxes.