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Organizational

Membership

Finances

Publicity & Activities
Programs of Interest
 

 

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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