Your generosity leads to a world of harmony, and we appreciate it. We want to make it as easy as possible for you to support the Barbershop Harmony Society in a way that is meaningful to you and consistent with your personal financial capacity and strategies. We have a flexible array of options.
Unrestricted and Restricted Gifts
To provide BHS with maximum flexibility in the pursuit of our shared mission, we welcome and encourage unrestricted gifts to BHS, to support our work as a whole.
Restricted gifts are also important to BHS and can reflect your specific values, interests, and preferences. For one-time and recurring gifts to our annual campaigns, up to $9,600, you may choose to direct your funds to one of four “impact areas”.
For major gifts above $9,600, you may be able to direct your gift to a different, or a more specific interest area that aligns to our mission, purposes, and priorities.
We’d love to discuss your gift with you directly. Just contact us at email@example.com!
Employer Matching Gifts
Many employers have programs to match, double or even triple employees’ gifts to charitable organizations. Does yours? It’s an easy way for you to leverage your support of the BHS programs you care about.
Check with your employer’s human resources department for more information, or use our widget to see if your employer matches gifts and at what levels. In some cases, the search function might state that your company matches gifts, but only to certain types of charitable organizations. Arts organizations like BHS may or may not be in your company’s areas of interest.
To see if your employer matches gifts, begin entering your company name below (results will auto-populate):
Multi-year pledges are a great way for both you and BHS to incorporate your generosity into long-term financial plans. You may make a pledge for up to five years. To make a multi-year pledge, just complete and sign our Pledge Agreement Form, which details the purpose of your gift, your payment schedule, and how you wish to be named in donor recognition materials. Please contact us at firstname.lastname@example.org to discuss a multi-year pledge.
A strong endowment allows you to ensure a reliable stream of income for BHS programs and operations, and protect against fluctuations in other revenue. We invest endowment funds to generate a combination of income and growth, normally with preservation of the principal (the amount originally contributed, sometimes called the “corpus”) as one goal. The organization benefits by spending either the income or a reasonably modest fixed percentage of the value of the fund each year.
Because of the complexity of setting up and managing these funds, BHS has specific minimum amounts and processes in place. Review our publication, “The Case for Endowment” to learn how you can create a legacy via an endowment, and contact us at email@example.com to start a conversation.
Planned Gifts, Bequests and Estate Gifts — Forever In Harmony
Have you ever wanted to give more to support the mission of BHS, but didn’t think you could afford to do it? What if we could find a way to help you realize your philanthropic wishes without affecting your quality of life or limiting your ability to provide for your family the way you’d like? How about a gift that provides you with increased income? Would you be interested? That’s what planned giving does.
When you make a planned gift to the Barbershop Harmony Society, you become part of our Forever In Harmony program and serve as an inspiration to others. Simply download and complete our Forever In Harmony information sheet to let us know of your plans.
The easiest way to make a planned gift to BHS is to make a simple bequest in your will, or designate BHS as a beneficiary of your retirement account or life insurance policy. Please download this Sample Bequest and Beneficiary Designation Language document to learn how.
There are many other ways to make planned gifts through vehicles such as:
- Donor Advised Funds
- Payable on Death (POD) and Transfer on Death (TOD) Designations
- Charitable Gift Annuities
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Gifts with Retained Life Estates
Gifts Other Than Cash
When most people think of charitable giving, they think first and perhaps only about their checkbooks (or credit cards, which they’ll later pay off with a check or cash transfer). It’s simple to give cash, and we can put it to use immediately. But there are other ways to make larger gifts that may give you tax savings and other benefits. Very often, charitable giving can help address non-charitable problems. We might be able to help you meet your family and personal needs while helping BHS and those it serves in the process.
Publicly Traded Stock and Mutual Fund Shares
You may be able to avoid more taxes and provide BHS greater benefit from your generosity by giving appreciated long-term capital gain property—like stocks or mutual fund shares that have been held for at least a year and have increased in value since purchase—instead of cash. Download this Donation of Securities Form to set your gift in motion.
Privately Held Business Interests
Many businesses are privately held, and closely held business interests, whether in the form of C Corp stock, S Corp stock, LLC interests, LLP interests, or limited partnership interests, often can be used for gifts to public charities like BHS. The sale of a business often means a big tax bite for owners, but substantial income taxes and capital gain taxes can often be saved through charitable giving techniques.
QCDs: Qualified Charitable Distributions from IRAs
A qualified charitable distribution from an IRA (“QCD”), sometimes called “IRA charitable rollover,” is a special giving opportunity available only to donors who are at least 70-1/2 years old or older. A QCD may be excluded from your gross income, and therefore is not tax-deductible. For many donors, the QCD offers a few potential advantages over a regular gift.
With careful planning, you may be able to make a gift of real estate, including residences (primary or secondary homes), cabins or vacation property, undeveloped land, farmland, commercial real estate and oil and mineral rights. Possible methods include: an outright gift while living, or in a bequest; a transfer-on-death deed; a gift with a retained life estate; a bargain sale; or real estate in exchange for lifetime income.
Tangible Personal Property
Gifts of tangible personal property, including artwork, musical Instruments, valuable jewelry, and vehicles, may occasionally be of benefit to BHS. We are not able to accept all items or collections. We consider whether the items can be used in a way that supports BHS’s mission, the relative value of the items, the potential resale market for items that will not be used for the mission of BHS, and potential carrying costs (storage, insurance, maintenance, etc.) or liabilities.
Gifts of Specific Historical Barbershop Interest
The Barbershop Harmony Society has extensive collections and archives relating to the history of the Society and our beloved musical art form. We are always interested in unique items that match our collection’s needs—but we have relatively limited space for maintaining collections and may not be able to house duplicate items. Please contact firstname.lastname@example.org to discuss in advance.
Intellectual Property Rights
Intellectual property rights may be given to BHS. Examples of these rights include copyright interests, trademark rights, patent rights, and royalties. Please contact email@example.com to discuss in advance.
Farm Inventory, Livestock, and Crops
In addition to farmland, valuable property such as farm equipment, animals, and crops all may be used for charitable gifts to BHS in certain circumstances. Please contact firstname.lastname@example.org to discuss in advance.
For many people, gifts from assets provide much more opportunity, flexibility, and benefit, both to the donor and to the Barbershop Harmony Society, than gifts of cash alone. The next time you’re thinking about supporting BHS with your generosity, think “outside the cashbox.”
Accountability, transparency and stewardship
BHS is committed to accountability, transparency and stewardship of your gifts. A Development Committee of the Society Board of Directors provides oversight to our development operations, and a Gift Acceptance Committee makes decisions on the acceptance of non-cash gifts. We may refuse any gift if we believe that such gifts are incompatible with the mission of the organization, conflict with its core values, or would create a financial, administrative, or programmatic burden.
We welcome your questions and inquiries about how to connect your generosity to your financial capacities and plans. Let us know how we can work together at email@example.com.