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| July 9, 2008 |
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In 1990 the CRSO established the Cedar Rapids Symphony Foundation, an independent, private, non-profit corporation to hold in perpetuity funds received through bequests and other deferred and cash gifts for the benefit of the CRSO Association.
"The mission of the Cedar Rapids Symphony Foundation is to provide economic stability, growth and contingency funding to the Cedar Rapids Symphony Orchestra through the development, management and disbursement of the endowment funds of the Foundation."
Growth of the endowment fund of the Cedar Rapids Symphony Foundation is necessary to guarantee the symphony's future. These funds will be carefully invested to assure a continuity of income and protection of principal, furthering the following objectives:
- Artistic growth and development, leading to an increased ability to serve eastern Iowa
- Expansion and maintenance of the Cedar Rapids Symphony School and its education/outreach programs in eastern Iowa
- Services to special audiences such as the elderly, physically challenged, at-risk youth and non-traditional audiences
Gifts to the foundation help keep ticket costs affordable, provide additional funding to the symphony as government support continues to decline, guarantee a reliable level of operational support in an atmosphere of corporate change, and help keep the annual fund campaign at a reasonable and attainable goal.
Following are some of the ways you can support the CRSO Foundation:
Gifts of any amount, the income from which helps support the Symphony's annual budget.
- Conductor's Podium - Endowment of the Music Director's Position. $500,000 gift.
- Concertmaster Chair - Endowment of the Concertmaster's Position (funded).
- Principal Chairs - Endowment of Section Leaders. $100,000 gift.
For example: Principal Chairs in 2nd Violin, Viola, Cello, Bass, Flute, Oboe, Clarinet, Bassoon, Horn, Trumpet, Trombone, Tuba, Percussion, Timpani, Harp, Piano.
- Associate Principal Chairs - Endowment of First Stand Players. $75,000 gift.
For example: Associate Concertmaster; Associate Chairs in 2nd Violin, Viola, Cello, Bass.
- Tutti Player Chair - Endowment of a section player's position. $50,000 gift.
Section strings, winds, and brass.
Chairs may be named to honor a family, individual or corporation. Donors are encouraged to consider adding to their initial gift over time to support increased continuing costs.
- John N. Knapp Legacy Fund - Gifts in any amount in memory of the Cedar Rapids Symphony Foundation's first President.
- Concert Series Endowment Fund - Endowment to support a subscription series.
Minimum gift to the Concert Series Fund: $25,000.
Select from Masterworks, Pops, Chamber Series.
- Distinguished Guest Artists Fund - Endowment to support the Symphony's engagement of internationally renowned soloists.
Minimum gift to the Guest Artists Fund: $10,000
- Education Fund - Gifts to support the Education Programs of the Cedar Rapids Symphony.
- Gifts to support the Symphony's Instrument Purchase Fund or the Music Library Fund.
The Foundation invites discussion of other named gift opportunities the donor may wish to consider and is pleased to enable multi-year pledges.
The Foundation can assist in Planned or Deferred Giving. These are contributions that benefit the donor as well as the Symphony. Planned gifts include donations from estate assets that may have a strong impact on income and estate taxes. Planned gifts may also be made during one's lifetime. A variety of vehicles are available for discussion with the Symphony's development director and your estate planner or attorney, including: wills and bequests, gift annuities, life insurance, charitable lead trusts and charitable remainder trusts.
Donors to the Cedar Rapids Symphony Foundation will be recognized as members of the following societies. Special events, recognition and publications will be arranged for members of these circles.
- Gold Baton Circle - Donors who make a $5,000 minimum current contribution to any named fund of the Symphony Foundation or the general endowment fund.
- Maestro's Circle - Donors who have included the Symphony Foundation in their estate plan.
For more information or to donate to the Cedar Rapids Symphony Foundation, please call the CRSO Development Department at (319) 366-8206. Or if you have already included the Cedar Rapids Symphony in your estate plan, please let us know - we would like the opportunity to express our thanks to you.
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