The Brevard Music Center Annual Fund is the financial heartbeat of the organization. This pooled fund provides vital support to every aspect of the Music Center. These gifts address important daily expenses such as faculty salaries, music and instrument rental, facility enhancements and other expenses associated with keeping BMC healthy both now and in the future.
Scholarship support is BMC's single-greatest need. Over 90% of all students attending are awarded some level of scholarship support based on merit and/or demonstrated financial need. Gifts to BMC's scholarship program help ensure that these young musicians have the opportunity for study at the highest levels of professional development.
Never in its history has Brevard Music Center undertaken such an essential and comprehensive initiative as A Challenge Among Friends, an effort launched in 2014 that has secured $5.5 million during Phase I in support of the most critical facilities needs across our 180-acre campus. Phase II of our A Challenge Among Friends effort is to secure funding of approximately $5.8 million to help realize a long-desired goal: an on-campus performance venue – ready for our 2020 season – that will serve as the home of our student piano, chamber music, classical guitar, and jazz institute programs, as well as a year-round resource for arts education and community engagement and enrichment.
Through planned giving you are investing in the future generations of serious musicians. A planned gift can take many forms, including a bequest in a will, charitable gift annuity, charitable remainder trust, charitable lead trust, life insurance, and retirement/IRA gift. Each form of planned giving has unique benefits. As you explore your long-term charitable and financial goals, members of the Development office are available to discuss a variety of planned giving options that might be beneficial for both you and the Music Center.
Endowment funds are invested and only the earnings from these investments are expended towards scholarships and other important initiatives. Each year a portion of these earnings are reinvested, ensuring that the fund retains its buying power over time. Endowment gifts strengthen the long-term financial security that is required to ensure high quality educational programs and artistic performances year after year.
Becoming a sponsor is one of many ways businesses can support the Brevard Music Center. The Brevard Music Center offers a wide variety of partnership opportunities. Sponsorships are available for performances, special events, products and services, new artistic initiatives, and more. Sponsors are included in BMC marketing collateral and other media, gain access to a highly desirable demographic group, gain opportunities to entertain clients in BMC's casually elegant environment, and much more.
The IRA charitable rollover legislation passed by Congress the week of December 14, 2015, is now law, extending this charitable rollover retroactively for 2015 and making it permanent. Donors age 70-1/2 or older are eligible to contribute up to $100,000 from their IRAs directly to a qualified 501(c)(3) charitable organization like Brevard Music Center without paying income tax on the money. Please check with your IRA custodian for more details.