Dear Members and Friends of the Philharmonic Society Family,

We are pleased to announce that the Trustees of the Philharmonic Foundation of Orange County (the Foundation) have authorized our first modest donation of $5,000 to the Philharmonic Society of Orange County (the Society), which was paid at the end of the current fiscal year ending June 30, 2009.

Previously, in our first letter to you we discussed the fact that the Foundation was completely in place as a separate and distinct legal entity from the Society, and that its sole purpose was to support the Society’s mission with annual donations from the Foundation’s endowment assets.  

In our second letter we announced the fact that we had completed the legal and audit arrangements necessary to receive, hold and manage funds donated to the foundation and to be able to make donations to the Society.  That having been accomplished, we started to receive donations to the Foundation.  As a result were able to make our first annual donation to the Society.

From this small beginning we envision growing the endowment fund to a level that will offer a secure and reliable base of annual donations that will protect the Society in difficult times, ensuring the Society’s mission to bring the world’s best orchestras and artists to Orange County, and to bring musical enrichment programs to the county’s youth.

We know that we have a strong and loyal community of subscribers and supporters who donate regularly to the operations of the Society.  We also know that many members of the society either have made provisions or intend to make provisions for the benefit of the Society in their estate plans.  We, Elaine and I, are among those who have intended to take action.  In the last week we met with our attorney and found out it was so simple.  All we had to do was add an amendment naming the  “PHILHARMONIC FOUNDATION OF ORANGE COUNTY” as a beneficiary.

We encourage those of you who have such good intentions but have not acted on them to do so, and to let us know that you joined with those who have already made direct contributions and deferred contributions for the preservation and betterment of the Philharmonic Society in perpetuity.

Sincerely Yours,

James Alexiou
Chairman

Philharmonic Foundation of Orange County
Contact: 949•417•9969