Ways to Give There are many ways to make a tax-deductible gift to the Opera Company of Philadelphia: Check Checks should be made payable to Opera Company of Philadelphia and mailed to: Opera Company of Philadelphia ATTN: Development Department 1420 Locust Street Suite 210 Philadelphia, PA 19102 Credit Card We accept American Express, Visa and Mastercard. You can make a contribution with a credit card by contacting the development department at 215.893.3600, x219 or make a contribution online by clicking on "Donate Now". Gift of Stock Gifts of stock may provide tax-advantages to donors by avoiding capital gains tax. In order to make a gift of stock, please call or email Elyse Hoffmann, Associate Director of Individual Giving & Events at 215.893.3600, x219 or hoffmann@operaphila.org. Please note: Opera Company of Philadelphia does not render tax advisory services and recommends that you consult with your financial advisor when considering a gift of stock. Matching Gift More than 1,000 companies and foundations in the United States currently match their employees' gifts to non-profit organizations such as OCP. You may be eligible for matching funds through your employer's matching gift program which could entitle you to more OCP membership benefits (link to benefits at a glance). Check with your employee benefits representative for your company's program guidelines. Deferred Gift Bequests and charitable remainder trusts are among many of the ways to support Opera Company of Philadelphia by providing for our future. To learn more, explore our Aria Society. GIVING ALERT: Under a new tax law, certain individuals may be eligible to make charitable contributions directly from an Individual Retirement Account and receive favorable tax benefits. Click here for more information. For more information, please contact the Development Department at 215.893.3600, x219. Opera Company of Philadelphia is a 501(C) (3) non-profit organization and donations are tax-deductible to the fullest extent of the law. Disclaimer: Opera Company of Philadelphia does not provide tax or legal advice. Always check with you tax advisor on the tax implications of your charitable gifts. The Pension Protection Act of 2006 allows individuals to make distributions directly from an Individual Retirement Account to one or more charities without the distributions being included in taxable income and subject to withholding. If you are age 70 ½ or older, own an IRA, and regularly make charitable contributions, this recent legislation offers a new opportunity for you to support the Opera Company of Philadelphia. Previously, if you wanted to use IRA funds for a charitable contribution, you had to withdraw money from your IRA and then contribute it. The amount you withdrew was taxable, and the deduction for the contribution may or may not have offset the tax. Certain limitations apply to these non-taxable charitable distributions from an IRA: They cannot exceed $100,000 per year. They must be made to a public charity (not a private foundation), and they cannot be to a supporting organization or a donor advised fund. The gifts must be outright. For instance, they cannot be used to establish a gift annuity or fund a charitable remainder trust. These tax-free distributions can be made only in 2006 and 2007. If you would like more information about supporting the Opera Company of Philadelphia through a charitable contribution from an IRA, please contact Elyse Hoffmann, Associate Director of Individual Giving & Events at 215.893.3600, x213 or hoffmann@operaphila.org.
Ways to Give
There are many ways to make a tax-deductible gift to the Opera Company of Philadelphia:
Check Checks should be made payable to Opera Company of Philadelphia and mailed to: Opera Company of Philadelphia ATTN: Development Department 1420 Locust Street Suite 210 Philadelphia, PA 19102
Credit Card We accept American Express, Visa and Mastercard. You can make a contribution with a credit card by contacting the development department at 215.893.3600, x219 or make a contribution online by clicking on "Donate Now".
Gift of Stock Gifts of stock may provide tax-advantages to donors by avoiding capital gains tax. In order to make a gift of stock, please call or email Elyse Hoffmann, Associate Director of Individual Giving & Events at 215.893.3600, x219 or hoffmann@operaphila.org. Please note: Opera Company of Philadelphia does not render tax advisory services and recommends that you consult with your financial advisor when considering a gift of stock.
Matching Gift More than 1,000 companies and foundations in the United States currently match their employees' gifts to non-profit organizations such as OCP. You may be eligible for matching funds through your employer's matching gift program which could entitle you to more OCP membership benefits (link to benefits at a glance). Check with your employee benefits representative for your company's program guidelines.
Deferred Gift Bequests and charitable remainder trusts are among many of the ways to support Opera Company of Philadelphia by providing for our future. To learn more, explore our Aria Society.
GIVING ALERT: Under a new tax law, certain individuals may be eligible to make charitable contributions directly from an Individual Retirement Account and receive favorable tax benefits. Click here for more information.
For more information, please contact the Development Department at 215.893.3600, x219.
Opera Company of Philadelphia is a 501(C) (3) non-profit organization and donations are tax-deductible to the fullest extent of the law.
Disclaimer: Opera Company of Philadelphia does not provide tax or legal advice. Always check with you tax advisor on the tax implications of your charitable gifts.
The Pension Protection Act of 2006 allows individuals to make distributions directly from an Individual Retirement Account to one or more charities without the distributions being included in taxable income and subject to withholding.
If you are age 70 ½ or older, own an IRA, and regularly make charitable contributions, this recent legislation offers a new opportunity for you to support the Opera Company of Philadelphia.
Previously, if you wanted to use IRA funds for a charitable contribution, you had to withdraw money from your IRA and then contribute it. The amount you withdrew was taxable, and the deduction for the contribution may or may not have offset the tax.
Certain limitations apply to these non-taxable charitable distributions from an IRA:
If you would like more information about supporting the Opera Company of Philadelphia through a charitable contribution from an IRA, please contact Elyse Hoffmann, Associate Director of Individual Giving & Events at 215.893.3600, x213 or hoffmann@operaphila.org.
