What is an Endowment?
An Endowment is a fund comprised of individual and foundation gifts that supports the Los Angeles Philharmonic Association’s mission and aspirations, and provides a continuous stream of funding for growth.
The endowment fund is invested with the principal of each gift kept intact. Income from the investment is used in two ways. First, it provides the financial security that allows the L.A. Phil to maintain its leadership in the orchestral world and to plan for growth from a position of strength. Second, it acts as a safety net, filling the gap if revenues fall short of operating expenses in any given year.
A strong endowment guarantees our ability to recruit and retain world class musicians for the Los Angeles Philharmonic and present the best artists and ensembles at Walt Disney Concert Hall and the Hollywood Bowl. It also ensures our ability to offer an outstanding variety of concert programs and educational and community initiatives year-round.
Endowment support could be a one-time gift of cash, or a multi-year pledge, and/or a planned gift.
Benefits:
Founder's RoomAn endowment gift is in essence a gift of love. As such, its principal benefit is the satisfaction of knowing that you are making a lasting impact on the institution. Depending on your gift level, other benefits may include Founders membership at the Music Center, an invitation for two to a Legacy Celebration, eligibility to hold private receptions on site, priority seating at Walt Disney Concert Hall and the Hollywood Bowl, and personal assistance with ticket requests.
Recognition:
Endowment gifts of $5,000-$49,999 are recognized in the Donor Gallery at the L.A. Phil Center. Gifts of $50,000-$999,999 are recognized outdoors in the Walt Disney Concert Hall Garden and in Performances magazine. Gifts of $1 million and higher are recognized indoors on the donor wall near Founders and in Performances magazine.
Ways to Give
Whether you wish to donate $100, $1,000 or $1 million, you may make an outright gift of cash (by check or credit card) or you may make a multi-year pledge. You may also donate stock and avoid capital gains tax on the appreciation when you deduct the stock's fair market value as a charitable gift. Matching gifts are another way of increasing the value of your donation. Another option is to make a bequest for the future or make an irrevocable planned gift now and enjoy the benefits of giving in your own lifetime.
Endowment gifts are fully tax deductible to the extent of the law.
For further information on ways to give, please contact J. Tim Landi at 213.972.8099 or email: tlandi@laphil.org.
