LANCASTER FESTIVAL ENDOWMENT FUND
Building a Legacy
Since 1985, the Lancaster Festival has become a highly anticipated summer event. Thanks to the hard work of Festival organizers and the unwavering support of the community, the Lancaster Festival is truly a celebration of the arts featuring one of the most exhilarating seasonal professional orchestras in the nation. Careful budgeting, grants and generous donors all contribute to the success of the Festival. Now there is another way you can make a lasting difference and contribute to the future of the Lancaster Festival.
An endowment fund was established to help maintain and preserve the longevity and vibrancy of the Lancaster Festival, and the promotion of the arts, throughout the Lancaster community and long into the future. Created in 1998 by major donors Don Wendel Jr. and Paul and Evelyn Van Camp, the fund is managed by the Fairfield County Foundation.
Funding for the Future
The endowment is separate from annual fundraising efforts. Annual fundraising and grants vary yearly based on the current economy. The endowment includes a long-term investment of funds that continues to grow and earn interest. Endowments are one-time gifts that can be a part of estate planning or as a memorial to a loved one.
How You Can Help
The Lancaster Festival is a unique event that pulls the entire community together. It boosts economic development by supporting local businesses, restaurants and hotels and helps to contribute to a positive image for the community. The endowment fund supports the long-term growth of the Festival and promotion of the arts.
You can help in many ways:
• Specify a bequest in your will or living trust;
• Bequeath cash, stocks, real estate, insurance policies or personal property;
• Name the Festival as a beneficiary of a life insurance policy, retirement plan or IRA.
Michael Davis Memorial Fellowship
The Lancaster Festival announces the establishment of a fund to honor Michael Davis – concertmaster, soloist, mentor and friend of the Festival from 1984 to 2008.
A world renowned violin soloist and recording artist, Mr. Davis was equally gifted as a teacher, inspiring dozens of young violinists, several of whom earned positions in the Lancaster Festival Orchestra. This keen interest in encouraging his students is reflected in the stated purpose of the memorial:
As a lasting tribute to Michael Davis, this designated fund will provide annual fellowship positions in the Lancaster Festival Orchestra to promising young violinists.
Gifts to support the Michael Davis Memorial Fellowship may be made through the Fairfield County Foundation.
The Gift that Keeps Giving
In addition to the personal satisfaction received from giving a lasting gift, there are charitable deduction tax benefits as well. Most importantly, you will make a difference in the lives of others by ensuring the Festival is around for years to come. An endowment enables you to continue to support what you love long after you are gone.
For more information, consult your financial or legal advisor; Festival board members Bob Wolfinger at (740) 438-1230 or Mark Riegel at (740) 652-3003; or the Fairfield County Foundation at (740) 654-8451.