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PYP is a registered 501 (c) (3) and all donations are tax deductible.
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Gifts of Cash – Annual unrestricted cash donations provide vital immediate operating support for PYP to fulfill its mission. Cash gifts are considered to be made on the date they are hand-delivered or postmarked.
Gifts of Securities – Gifts of stocks, bonds and mutual funds that have increased in value (and that you have owned for more than one year) provide even greater tax benefits than giving cash. Not only is the market value of the securities deductible, but you avoid paying capital gains tax on the appreciation. Have your broker contact PYP for information on how to transfer your securities to the PYP brokerage account for sale. Please also describe the securities and the purpose of your gift in a letter to the PYP office.
Gifts of Instruments or other Property – PYP may consider accepting donations of musical instruments or other personal property; in most cases with the understanding that they may be sold to provide funds to meet more immediate needs. Before making such a gift, please first contact the PYP office.
Gifts of Life Insurance – Naming PYP as owner and beneficiary of a life insurance policy is another way to support PYP and receive a charitable tax deduction. Call PYP for further information about gifts of life insurance.
Memorials and Honoraria – Gifts to PYP in memory of a loved one or friend who has died or in honor of a special person or occasion are other meaningful ways to support the ongoing artistic and educational work of PYP. All memorials and honoraria are designated by the Board of Directors to be added to the PYP Endowment.
Matching Gifts – Many community-minded companies will match contributions from their employees to PYP - some even doubling or tripling your gift at no extra cost to you. Ask your company's Human Resources Department for further information on matching gifts. If your employer does not have a matching gift program, let us know; we'll be happy to help them get one started.
Gifts to PYP Endowment – Donor-endowed gifts to the PYP Endowment, in which the principal is held intact, generate interest income which provides permanent support for PYP. Endowed gifts can be directed to the general endowment fund, to an existing named fund, or, for gifts over $25,000, can establish a fund for a particular purpose named for the donors themselves or for those they choose to honor.
Planned Giving and Bequests – A large portion of the PYP Endowment has come from bequests of individuals who wished to provide support for PYP in perpetuity. There are many ways you can include PYP in your estate plan. For further information about planned giving and bequests, call or write:
Portland Youth Philharmonic
Kevin A. Lefohn, Executive Director
520 SW 6th Avenue, Suite 820
Portland, OR 97204
T: 503.223.5939 | F: 503.223.5003