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CHAPTER
HANDBOOK
C. Finances
AHS
Donation Policy
The Society is pleased to
receive donations. Funding received by the American Harp Society
goes to support the general purposes and aims of the Society. The
President or the Treasurer will be happy to discuss additional specific
purposes for which funds would be most welcome and to provide additional
information on specific funding opportunities. Gifts to the American
Harp Society are tax-deductible to the full extent allowed by law.
Fiscal
Conduit
Many organizations that give
grants require the recipient to be a non-profit organization. Because
few artists have non-profit status, this makes it hard for them
to receive grants (for new compositions, music outreach programs,
etc.). It is a common practice for an individual to apply to a granting
organization through an existing non-profit organization. That umbrella
organization would become the channel for the funds; in other words,
the fiscal conduit. The American Harp Society and its Chapters are
non-profit and a Chapter can choose to provide this service. Normally
with this arrangement, the individual would handle all the actual
grant writing. The granting organization might require a copy of
the Harp Society 501(c)(3) document and a list of the Board (attainable
from the AHS Executive Secretary). If the grant proposal is successful,
a check will be sent to the Chapter, which would then write a check
to the individual. It is common for the fiscal conduit to receive
an administrative fee of 3-5% which can be budgeted into the grant
proposal. All these details should be clearly spelled out if a Chapter
decides to become a fiscal conduit. This could be a powerful way
for Chapters to encourage exciting harp events.
Insurance
Insurance for chapter
events provided by AHS
The American Harp Society,
Inc., holds a policy with AETNA for Commercial General Liability
Insurance for official meetings of any chapter of the Society. For
further information contact the President of the AHS.
Harp Insurance
Harp insurance may be purchased through:
Kemper Insurance
Chuck Spaulding
George B. Bailey Agency, Inc.
18 Tompkins St.
Cortland, NY 13045-2584
607-756-2805
Group Health and Life
Insurance
Association and Society Insurance
Corporation of Rockville, MD is offering life insurance to members
of AHS and can provide major medical coverage through CNA (an insurance
company) in select states. AHS members interested in major medical
and/or life insurance may contact: Fatima Lloyd at 1-800-638-2610,
extension 118 during regular office hours (Eastern time zone). After
hours, they may call the 800 number and leave a message on the answering
machine.
Association and
Society Insurance Corpration
Suite 700
11400 Rockville Pike
Rockville, MD 20852
Fatima Lloyd - 800-638-2610, extension 118
The AHS
Endowment Fund
The AHS Endowment Fund was
established in the 1980s to serve as a source of money for those
programs which cannot survive on a purely volunteer basis. It is
invested prudently to yield dependable annual earnings and serves
as the principal source of steady, reliable, and growing income
to fund such projects as the AHS National Competition, Concert Artists
Program, National Conferences and Summer Institutes, Music Education
Auditions, Audiotape and Videotape Libraries, and the AHS Repository.
Contact the AHS Bookkeeper for information about how to donate to
the AHS Endowment Fund.
The AHS
Foundation
The American Harp Society
Foundation was incorporated on 15 July 1993, as a separate support
organization of the American Harp Society. The Foundation operates
exclusively for the benefit of the AHS, with finances from individual
donations. Donors have the opportunity to contribute to a specific
fund or program with the knowledge that donations will be used for
this singular purpose in perpetuity. The Foundation assures that
the integrity of the donor's intent will be preserved.
The Foundation is a natural
extension of the AHS, operating exclusively for the benefit, function,
and purposes of the Society. It is responsive to the needs of the
AHS and has a close working relationship with its officers. The
Foundation, as a support organization, is protected from litigation
against the AHS, should any ever occur. Foundation monies remain
intact.
All Foundation funds are
invested and managed by retained professionals. The combining of
funds increases the rate of return, while each gift has interest
accounted for separately.
Chapters of the AHS as well
as individuals may make contributions. Funds may be established
to honor an individual and/or for specific projects. Donations in
the amount of $10,000 or more qualify for a title or name of an
honoree, as requested by the donor. Donations in lesser amounts
are accepted for any one of the established awards, or designated
as AHS Foundation awards.
Investing in the future
of the harp may be done with gifts in various amounts and forms.
Outright gifts of cash, pledges, and/or securities of stocks or
bonds may be given. Deferred support, while retaining income for
life, may be done through gift annuities and charitable trusts.
Planned giving through life insurance and bequests in wills is another
form of making a commitment. Tax advantages can be realized in various
forms of donations.
For further information about
the AHS Foundation Awards or to make a contribution to the AHS or
to establish a named fund, please contact:
Kathleen
Moon
Executive Secretary
PO Box 38334
Los Angeles CA 90038-0334.
Phone: 323-469-3050.
Email: kmoon@UCLAlumni.net
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