Skip to Content

Osmo Vänskä /// Music Director

Looking Out for the Orchestra's Future

donor-jason-brown.jpg

Laureate Society member Laura Delavie with Jason Brown

"Even though I plan to live for a very long time, I made sure—early on—that the Orchestra would be included in my estate plans."

Minnesota Orchestra Laureate Society member Laura Delavie has been a subscriber to the Orchestra for more than 15 years. Like many, Laura traces her first memory of the Orchestra to a middle school field trip. Since then, she has accomplished a great deal, including founding ALCEMIS, a consulting firm that works with business leaders to facilitate innovative thinking that leads to improved performance and sustainable growth.

Laura remains in awe of the Orchestra and values every season she attends. "There have been many times when I kept the program book and went looking for a piece I'd heard because I found it so moving."

Using Her Estate Plans to Give Back
When life events required Laura to reassess her estate plans, she immediately thought of the Orchestra. "Classical orchestral music has stood the test of ages and affects people in ways other music often doesn't," she says. "I wanted to ensure that it continues to be taught and played."

Rather than providing a cash gift through her will, Laura named the Orchestra as beneficiary on her life insurance and retirement accounts. Because the Orchestra is a tax-exempt entity, her estate will receive a charitable deduction for these gifts. Money from her retirement plan will be transferred to the Orchestra tax-free, a benefit unavailable to individuals named as retirement account beneficiaries.

For Laura, the real benefit is knowing that she's sustaining the future of something she loves. "I don't have children, but if and when I do, I will still allocate part of my estate to the Orchestra. I feel so strongly in the value it brings to enrich our lives."

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Minnesota Orchestral Association a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I, [name], of [city, state, ZIP], give, devise and bequeath to the Minnesota Orchestral Association [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Minnesota Orchestra or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Minnesota Orchestra as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Minnesota Orchestra as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Minnesota Orchestra where you agree to make a gift to Minnesota Orchestra and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.