The Encore Society
The Encore Society acknowledges the generosity of those individuals who have included Opera Philadelphia in their estate plans as an important philanthropic commitment to opera’s future in Philadelphia.
Encore Society members enjoy exclusive benefits throughout the season, including recognition in the performance program, invitations to meet-the-artist events, and an annual luncheon with stars from an Opera Philadelphia production. There are many ways to join the Encore Society including naming Opera Philadelphia as a beneficiary of your estate, retirement plan, or life insurance policy, or by setting up a charitable remainder unitrust.
Not only can your gift provide potential exemptions from estate, capital gains, and/or income taxes*, but in making this commitment, you can be confident that you will be enabling the future of opera in Philadelphia. As a member of the Encore Society, you’ll enjoy:
- An invitation to the annual Encore Society luncheon featuring stars from an Opera Philadelphia production
- Recognition in the Opera performance program
- An invitation to Season Prelude – an annual event and reception featuring select arias from the upcoming season
Ways to Join
Every commitment in every size helps ensure the future of opera in our city. The most popular and simple giving plans at the Opera include:
These are gifts made in a will, trust, or estate plan. The gift is most often made as a specific amount, a percentage, or a remainder amount, and can be easy to establish bt adding a simple sentence to your Will.
By naming Opera Philadelphia as the sole or partial beneficiary of your fully-paid life insurance policy, you may be able to avoid the estate tax on the proceeds. This revocable gift is easy to arrange; simply contact your insurance company for a Change of Beneficiary form.
You can name Opera Philadelphia as the sole or partial beneficiary in your retirement plans such as IRAs, 401(k) plans and 403(b) plans. By naming the Opera as a beneficiary of your retirement plans, you may be able to avoid both income and estate tax, allowing you to leave your lower-taxed assets to your family. Your retirement plan administrators can provide you with the necessary information and forms to include Opera Philadelphia in your retirement plans.
Charitable Remainder Unitrust
When you create this trust (with cash, securities, or other appreciated property), you will receive fixed regular payments based on the value of the principal. The Charitable Remainder Unitrust may allow you to avoid the capital gains tax on your donated assets and you will receive a tax deduction for a portion of your gift. When the trust is terminated, the remainder will pass on to Opera Philadelphia - providing you with income for life while contributing to the Opera in the future.
* Please consult your financial and/or legal advisors to determine which type of gift is best for you and for legal requirements regarding these gifts.