Thank you for your interest in the Northern Neck Orchestra Foundation. Through its Endowment Fund, the Foundation enables you to leave a lasting legacy of classical music to the Northern Neck Community. We hope the information here will be helpful in your consideration of a donation or bequest to the Foundation.
How to Give
You may make a gift or bequest to the Foundation in a number of ways:
Cash – Gifts or bequests (including beneficiary designations) should be made payable to the Northern Neck Orchestra Foundation and mailed to:
The Northern Neck Orchestra
PO Box 263
Kilmarnock, Virginia 22482
Securities – A letter needs to be sent to your broker or the financial institution holding your stock. The letter should contain the following information:
1) Name of beneficiary: The Northern Neck Orchestra Foundation
2) The DTC number for the Foundation: 0443
3) The Account Number of the Foundation: NFC 096213
4) The Name and Account Number of your broker holding the shares, plus your contact information
5) The Name and CUSIP Number of the security to be donated
6) The Number of Shares
7) The Account Owner’s Signature
IRA Distribution (a one-time withdrawal) – Most financial institutions have pre-printed forms for this purpose, although the information requested will be the same as above. A medallion signature guarantee may be required by your broker or financial institution if your gift exceeds $10,000.
The Northern Neck Orchestra Foundation is a public charity, and the funds it raises will be managed by BRB Financial Group in an Endowment Fund. We have received rulings confirming that the Foundation is exempt from federal income taxation and donations to it are deductible for federal income taxation for donors as well as being classified as a public charity rather than as a private foundation. As such, the Foundation will not be liable for any federal income tax on any investment income it earns as a foundation.
Donors are strongly encouraged to consult with their respective tax advisors and estate planners when considering donations or bequests. However, questions or clarifications about the tax status of the Foundation can be directed to Ammon Dunton, Jr., who is Secretary of the Northern Neck Foundation.
His contact number is 804-435-1614, and his email address is dunton@dsdlaw.com.
About – All the funds raised each concert season through ticket sales, advertising, donations, and grants support the performances of the orchestra. The Northern Neck Orchestra Foundation has a different mission. Its purpose is to create and manage a permanent endowment fund to ensure the Orchestra’s future.
Through your generosity, the Foundation will help create the financial security required by the Orchestra over time to keep ticket prices affordable, enhance its musical capabilities, expand concert venues, and undertake outreach initiatives in the community.
Gifts to the Foundation and the funds generated by its endowment also will enable the Orchestra to overcome downturns in annual giving and other unforeseen problems that might lie ahead.
The Northern Neck Orchestra Foundation is a public charity, and the funds it raises will be managed by BRB Financial Group in an Endowment Fund. We have received rulings confirming that the Foundation is exempt from federal income taxation, and donations to it are deductible for federal income taxation for donors as well as being classified as a public charity rather than as a private foundation. As such, the Foundation will not be liable for any federal income tax on any investment income it earns as a foundation.
Contact – Donors are strongly encouraged to consult with their respective tax advisors and estate planners when considering donations or bequests. However, questions or clarifications about the tax status of the Foundation can be directed to Ammon Dunton, Jr., who is Secretary of the Northern Neck Foundation.
His contact number is 804-435-1614, and his email address is dunton@dsdlaw.com.
