Your Gift to Music is Vital
The OSFL wishes to thank our donors--like you--who continue to help us preserve a strong tradition of artistic excellence and community service through your contributions. Your gift is a vital part of attracting, retaining, and acknowledging the most talented performers. New and renewed donations are welcome year round.
Please join our family of supporters and make an investment to keep live, classical music a vital feature of life in the Twin Tiers area.
Please join our family of supporters and make an investment to keep live, classical music a vital feature of life in the Twin Tiers area.
Donate by December 31 for Your Biggest Tax Break
Your generosity can be used to drastically reduce or entirely eliminate your tax liability for 2020.
In response to the economic difficulties of the COVID-19 pandemic, Congress passed the CARES Act earlier this year which temporarily increases the Adjusted Gross Income (AGI) limit on cash contributions made to charities. In 2019, that limit was 50% of your AGI, a limit that was increased to 60% with the new tax laws that took place at the beginning of 2020. However, under the CARES Act, that limit increased to 100% of your AGI* for 2020!
If you are 59½ years of age or older, you are able to make withdrawals from your 401k or 403b retirement accounts without any penalty, and this money is normally taxable. Under the CARES Act, if you give 100% of your withdrawal to a charity in 2020, you will pay no income taxes on these funds.* Should your charitable contributions actually exceed your AGI, your excess giving can be carried over as a charitable contribution for up to five years.
If you take the standard deduction and do not itemize your deductions on your tax returns, you can deduct up to $300 (or $600 for a married couple) as a charitable contribution. This is an “above the line” adjustment that will reduce your AGI and reduce your tax liability.
As always, check with your tax attorney or accountant for your specific situation.
* if you itemize
Your generosity can be used to drastically reduce or entirely eliminate your tax liability for 2020.
In response to the economic difficulties of the COVID-19 pandemic, Congress passed the CARES Act earlier this year which temporarily increases the Adjusted Gross Income (AGI) limit on cash contributions made to charities. In 2019, that limit was 50% of your AGI, a limit that was increased to 60% with the new tax laws that took place at the beginning of 2020. However, under the CARES Act, that limit increased to 100% of your AGI* for 2020!
If you are 59½ years of age or older, you are able to make withdrawals from your 401k or 403b retirement accounts without any penalty, and this money is normally taxable. Under the CARES Act, if you give 100% of your withdrawal to a charity in 2020, you will pay no income taxes on these funds.* Should your charitable contributions actually exceed your AGI, your excess giving can be carried over as a charitable contribution for up to five years.
If you take the standard deduction and do not itemize your deductions on your tax returns, you can deduct up to $300 (or $600 for a married couple) as a charitable contribution. This is an “above the line” adjustment that will reduce your AGI and reduce your tax liability.
As always, check with your tax attorney or accountant for your specific situation.
* if you itemize
Please support your Orchestra with a donation at one of these levels.
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Conductor’s Circle
Diamond Baton ($10,000 and up) Gold Baton ($5,000 - $9,999) Silver Baton ($2,500 - $4,999) Bronze Baton ($1,000 - $2,499) |
Orchestra Friends
Benefactors ($500 - $999) Sustainers ($250 - $499) Patrons ($100 - $249) Friends (up to $99) |
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Introducing the Off-Stage Friends League
During these extraordinary times, if you are able, please consider giving a little extra above your annual donation. The Off-Stage Friends League is a special society of supporters who sustain the OSFL through these uncertain and unusual times. Many thanks to the Community Foundation of Elmira-Corning and the Finger Lakes for helping us get this league started with a challenge grant. Join today with your donation of $25 or more and get an OSFL window cling, while supplies last. Your support today is music to your ears tomorrow. Let’s build a better musical tomorrow. |
Become a Member |
Support the OSFL all year with your recurring donation.
Your monthly recurring gift helps stabilize the OSFL's financial health and ensures that the funds are available when needed throughout the year. Our recurring donors are like family to us. You consistently support the lifeblood of the organization and allow the artistic side to flourish.
Thank YOU!
***Recurring donors will be listed in the support levels listed below based on their annual pledge amount.***
Your monthly recurring gift helps stabilize the OSFL's financial health and ensures that the funds are available when needed throughout the year. Our recurring donors are like family to us. You consistently support the lifeblood of the organization and allow the artistic side to flourish.
Thank YOU!
***Recurring donors will be listed in the support levels listed below based on their annual pledge amount.***
Please contact the Orchestra office by phone (607-936-2873) or e-mail (info@osfl.org) for assistance.
If you prefer to donate by check payable to the OSFL, feel free to stop by the office at 49 Bridge Street in Corning, or drop in the mail to PO Box 15, Corning NY 14830.
If you prefer to donate by check payable to the OSFL, feel free to stop by the office at 49 Bridge Street in Corning, or drop in the mail to PO Box 15, Corning NY 14830.
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Corning-Elmira Musical Arts, Inc., dba, the Orchestra of the Southern Finger Lakes, has earned the Silver Seal of Transparency from Guidestar.org by Candid, which gathers, organizes, and distributes information about nonprofits in the U.S. |
Business Leaders wishing to support the OSFL can do so in a number of ways; learn more on the Business Support page.
Upon request, a copy of the latest annual report can be obtained from the OSFL office or from the Office of the Attorney General, by writing the Charities Bureau, 120 Broadway, New York, NY 10271.
