Legacy Giving

Do you believe music matters? Do you believe future generations deserve to continue to hear the music of The Missouri Symphony? We are looking to build a community of generous supporters who include legacy gifts to MOSY in their financial plans.

WHAT IS LEGACY GIVING?

Legacy (or planned) giving is a type of charitable contribution that allows you to express your personal values by integrating your charitable, family, and financial goals. By making bequests or other planned gifts, you can continue to help organizations that are making a difference in your community. Can you think of a better way to thank MOSY if it has significantly impacted your life than to make a contribution from your estate through a bequest?

WHY GIVE THROUGH LEGACY GIVING?

Legacy giving can help keep the beautiful music playing by the Missouri Symphony Orchestra, help underwrite the educational programs of the Missouri Symphony Conservatory, or help support the community engagement efforts of MOSY. The Missouri Symphony is grateful for the continued generosity of its patrons and donors.

TYPES OF LEGACY GIFTS

BEQUESTS & ESTATE PLAN GIFTS

A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to the Missouri Symphony by including language in your will or living trust or by designating MOSY as a beneficiary of your retirement account or life insurance policy.

For more information or to give a legacy gift, please call our office at 573.875.0600.

PUBLICLY TRADED SECURITIES

Publicly traded securities can be used to make an outright charitable gift. If you give appreciated securities that you have held longer than one year, you are entitled to a charitable deduction from your income tax for the full fair market value of the securities. You also may be able to defer or completely avoid capital gains tax on the securities, depending on the type of gift. Publicly traded securities can also be given to the Missouri Symphony to establish a life income gift or through one’s estate.

Publicly traded securities may be transferred electronically from a brokerage account to the Symphony. If your gift is to establish or add to a life income gift, please contact us before you make the gift to ensure that it is properly credited.

IRA CHARITABLE ROLLOVERS

You may also be able to make a gift to MOSY with a distribution from your Individual Retirement Account (IRA), and take advantage of tax savings. Under The Protecting Americans from Tax Hikes Act of 2015, Americans over the age of 70 ½ can distribute up to $100,000 in a calendar year from an IRA to Stanford or other charities, tax-free. This distribution to charity can be a significant benefit for IRA owners who are required each year to take minimum required distributions, which are included in their gross income for income tax purposes.

If an IRA owner directs the IRA plan administrator to distribute any amount up to $100,000 to charity, the distribution counts toward the owner’s minimum required distribution but is not included in his or her income for income tax purposes. Although the IRA owner is not entitled to a charitable deduction for the distribution, the distribution benefits charity. This option is known as the “IRA charitable rollover.”