Legacy Endowment FAQs

Frequently Asked Questions

Q:         Is there a minimum donation amount?       
A:         No, donations of all sizes are welcome.
Q:         Are my donations tax deductible?
A:         Yes, ITG is a 501(c) 3 organization, and your donations are deductible to the extent allowable by law. Immediately after receiving your donation, we will send you a thank you letter and a donation receipt with the date, amount of the gift and the statement required by the IRS confirming that you received no goods or services in return for your donation.

Q:         Where are the funds invested?
A:          Funds are invested in conservative mutual funds and exchange traded funds seeking the highest level of income, consistent with preservation of capital and moderate share fluctuation over time.

Q:         Doesn’t this limit the “upside” potential?
A:         It does, to some extent.  However, good stewardship of these funds dictates conservative investment vehicles.  The goal is to minimize volatility and gain income in a conservative manner.

Q:         How do I donate money?
A:         You have three easy options for donating money.
  • Use the “Donate” button on the right to pay by credit card or PayPal account.  (You do not have to have a PayPal account to pay by credit card.)

  • By mail: Download and mail this form with your check or credit card information.
  • By phone:  Call the ITG office at 563-676-2435 to donate by credit card.

Q:          Can I donate stock?
A:          Yes, donating stock to the ITG is an excellent method for maximizing your contribution and minimizing your tax consequences, especially if your stock has appreciated in value.  Instead of selling the stock and incurring broker fees and paying taxes on the gain, just contact the ITG Treasurer for information on transferring your stock directly to the Legacy Fund brokerage account.  You will receive a donation receipt for the value of the stock the day it was received by ITG.  The stock will then be sold and the proceeds used to purchase investments that align with our investment strategy.  Always consult your tax and financial advisors before donating stock, as the laws are frequently changing.

Alan Siebert
International Trumpet Guild Legacy Fund
6167 Watchview Ct.
Cincinnati, OH 45230

Dixie Burress, Treasurer
International Trumpet Guild
P.O. Box 2688
Davenport, IA 52809-2688

[email protected]
OFFICE: 563-676-2435
FAX: 413-403-8899

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