Planned Giving

Using Personal Assets to Support The Smith

  • Giving Options
  1. Now: Make a gift now (Cash, IRA, Securities, Donor Advised Fund, Matching Gifts)
  • Charitable IRA Rollover: If you are 70 ½ or older, you can make a gift directly from your IRA to The Smith. Each year you can instruct your IRÅ administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to The Smith. While there is no charitable deduction for a rollover gift, you do avoid paying tax had you taken it as income. Transfers must be made directly from your traditional IRA by your administrator.
  • Donor Advised Fund: Make a grant to The Smith at any time from your Donor Advised Fund (DAF.) You can also designate The Smith as a beneficiary to receive all or a portion of your DAF.
  • Matching Gift: Many employers match employees contributions to non-profits like The Smith.  If you work for a matching company, please

contact your company’s Human Resources department for the appropriate forms.

  1. Later: Through a provision in your Will, you can make a gift to The Smith. By making a bequest, you know that your generosity will support The Smith in years to come.

You might also consider designating The Smith as beneficiary of a retirement plan asset such as an IRA, 401K, 403B or a life insurance policy.

Be sure to talk with your financial advisor or attorney about the best gift planning strategy for you. There are tax advantages to each of these ways of giving, no matter the amount, large or small. It’s a win-win for The Smith and for you.

All donors who support The Smith through a planned gift will be welcomed as members of the Mary Lienk Circle, recognizing those who have made such commitments. During the early years of The Smith’s restoration, local philanthropist Mary Lienk decided The Smith needed its own concert piano. The piano, a Steinway Model D 9-foot concert grand, made its debut on November 18, 1995. It continues to inspire and delight audiences as well as performers.

Ever mindful of the future and the continuing need to support the arts, Mary Lienk named The Smith in her estate plans. Her bequest stands as a shining example of how a benefactor can create an individual legacy with a significant impact. We honor Mary Lienk’s foresight and generosity.