Endowment Fund FAQs
Why give to the Endowment Fund?
Individual who are dedicated to excellence in the arts, to classical music and to Music from Angel Fire can help guarantee the future of all three. Donations to the Endowment Fund are tax-deductible and may provide important financial benefits to you and your heirs, as well as supporting the Festival. The MFAF Endowment Fund is a permanent fund that will grow over time to provide interest and dividend earnings for the benefit of the MFAF Festival. By contributing to the Endowment Fund, you help to ensure the continuation of the Festival and give it a firm financial foundation. You are investing in excellence and leaving a legacy for future generations.
Who will manage the Endowment Fund assets?
MFAF is partnering with Taos Community Foundation (TCF), a tax-exempt public charity, created by and for the people of Taos and western Colfax Counties. The TCF currently manages approximately $6 million in a variety of funds, each targeted for a specific purpose.
What will the Endowment support?
Interest and dividends from the MFAF Endowment Fund will be used to support the Festival's operating costs each year. MFAF has a long history of balanced budgets, thanks in part to the thousands of hours contributed by hundreds of volunteers and donations by patrons like you. By contributing to the Endowment Fund, you build on this great reservoir of good will and love of music that makes the Festival a unique and outstanding event.
How may I give to the Endowment?
Your gift can be made as a memorial, or in honor of a special friend or loved one, or in celebration of a special event. You may give cash, a pledge, real estate, stocks, or other assets, such as heirlooms, a work of art, royalties, even livestock! You may name MFAF in your will or trust or as a beneficiary of your IRA, CD, retirement or life insurance policy. You may create a Charitable Trust or other designated fund. Your financial or legal adviser can help you structure a gift plan that achieves both your giving desires and financial goals.