Showcase Sep-Nov 2014 - page 87

Best Buy Co., Inc.
Carlson and the Carlson Family
The Dorsey & Whitney Foundation
Ernst & Young LLP
Faegre Baker Daniels Foundation
and Faegre Baker Daniels LLP
The Fred C. and Katherine B.
Andersen Foundation
The Hubbard Broadcasting
Katherine B. Andersen Fund of
The Saint Paul Foundation
Land O’Lakes, Inc.
M.A. Mortenson Company
Thrivent Financial for Lutherans
Xcel Energy Foundation
Allianz Life
Andrews-Hunt Fund of
The Minneapolis Foundation
Association for Recorded Sound
Carl and Eloise Pohlad Family Foundation
Federated Insurance Companies
Felhaber, Larson, Fenlon & Vogt
Imation Corporation
Kuwabara Payne McKenna Blumberg
McKinsey & Company, Inc.
Norwest Equity Partners
Oppenheimer Wolff & Donnelly
Padilla Speer Beardsley Inc.
OneNeck IT Solutions
RBC Wealth Management and
RBC Foundation - USA
Robins, Kaplan, Miller & Ciresi L.L.P.
Piper Jaffray & Co.
UnitedHealth Group
The Valspar Corporation
Wenger Foundation
William H. Phipps Foundation
Arts Federation
The Elizabeth C. Quinlan Foundation
Margaret H. & James E. Kelley
Rahr Foundation
Rose Presents
Emerson Process Management-
Rosemount Inc.
Woodhouse Foundation
$2 ,000-$4 ,999
Allegra Print & Imaging
Anna M. Heilmaier Charitable
The Boss Foundation
Edwin W. & Catherine M. Davis
The Fredrikson & Byron Foundation
on behalf of Fredrikson &
Byron, P.A.
Lindquist & Vennum PLLP
Marbrook Foundation
The Margaret Rivers Fund
Nelson, Tietz & Hoye, Inc.
The Polaris Foundation
RTP Company, Inc.
Schwegman, Lundberg & Woessner PA
Sir Speedy
Stinson Leonard Street
Tennant Foundation
Vincent—A Restaurant
Walter G. Anderson, Inc.
guaranty fund
Corporations, Foundations and Public Support 2014-15
For more information about planned giving, please contact:
Ruby Pediangco, Director of Planned Giving
Minnesota Orchestra, 1111 Nicollet Mall, Minneapolis, MN 55403
612-371-7138 •
Laureate Society member
“Jay” Woldt
served as a certified
registered nurse anesthetist in the
Army for 21 years, with assignments
throughout the U.S. and abroad. In
1970-71, he administered anesthesia
in Vietnam, often working for several
days without a break. Years later the
war movie
and its use of Samuel
Barber’s Adagio for Strings had a profound
effect on Jay. When he heard the Minnesota
Orchestra perform this most elegiac work, Jay
recalled: “Hearing the music put me right back
in the hospital taking care of patients. It brought
tears to my eyes. The music was outstanding.”
Like many donors, Jay has experienced more than
one unforgettably moving performance at Orchestra Hall—and
realized how much he cared about ensuring that the Orchestra’s
powerful performances will be heard there long into the future.
Thus he made the ultimate commitment to a nonprofit—a gift
through his estate. “At this stage in my life,” he noted, “I felt I could
give back to the things that I have enjoyed for years.”
Rather than leave a gift for the
Orchestra in his will, Jay named it as
a beneficiary of an annuity. It wasn’t
complicated: “We exchanged forms
and the estate gift was completed in
about a week.”
He was aware of the tremendous
tax advantages that come with making
a future charitable gift via an annuity.
A family member or friend named as
a beneficiary to an annuity must pay
income tax on the proceeds. But as a
nonprofit, the Orchestra pays no tax,
and the full amount of the annuity is
used according to the donor’s wishes.
In Jay’s case, the tax savings made for smart planning. But
his true reward was in knowing what he could accomplish. “I
wanted to make a gift that would enable the Orchestra to inspire
young musicians and allow it to bring outstanding concerts to
all of us who live in this wonderful city and state. Thanks to the
annuity, I can achieve that goal.”
Jay Woldt and fellow soldiers.
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