
Allow the magic of ballet to continue to enrich the lives of West Australians, just as the ocean continues to touch our shores. You can play a role in ensuring this certainty for our community for generations to come.
When you make a gift to the Endowment or intend a gift in your Will, you are supporting the future dancers, performances and activities of West Australian Ballet. All bequests and gifts to the Endowment are placed in a protected capital reserve with earnings by the fund then supporting the Company in perpetuity, creating a legacy of arts in WA.
If ballet has been an important part of your life, we invite you to consider making or leaving a legacy gift which will continue to create new and enriching memories in the future.
Endowment Matching Campaign – extended.
We are thrilled to announce that in response to the wonderful support from our community, the $2 million Endowment Matching Gift offer from the Wright Burt Foundation has been extended to include all gifts and pledges received prior to 31 December 2020.
With no limit to the offer, every gift made to the Endowment will be matched 100% by the Foundation so that your gift will have double the impact on the future of West Australian Ballet.
With this generous offer comes a once-in-a-lifetime opportunity for all supporters, patrons and lovers of ballet to play a significant role in the history of West Australian Ballet. If you have had a connection with our Company over our 68 year history, we invite you to become a Founding Investor of the West Australian Ballet Endowment by contributing to this exciting new future fund, and setting WAB on course for an even brighter future.
Frequently Asked Questions
Below we have compiled some of the most frequently asked questions regarding the Endowment. We encourage you to read these carefully and then invite you to contact us if you require further information.
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An endowment is an investment fund whose capital is invested and where only the interest or earnings on that capital are withdrawn from the fund. The capital balance comes from financial gifts and can increase over time as gifts are given. By preserving the capital, the fund is designed to support West Australian Ballet in perpetuity – forever.
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The Endowment is not a separate entity. Endowment gifts will be placed in a separate restricted account, so that these funds are protected and are not able to be used for annual programs.
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The Board of Directors have already approved and adopted a constitution, which spells out the purpose of the Endowment and the restrictions on the use of the funds. For example only the earnings may be spent on Company projects, and, only in extreme conditions may the capital be accessed (say, if the very life of the Company is in danger).
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Each year, earnings and interest will be earned through the investment of the Endowment funds. It is these earnings and interest which will help provide additional resources for the general operations of West Australian Ballet (such as dancer salaries, annual seasons), and specific projects (such as Young Artist Scholarships, Commissions and Access Programs).
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The investment decisions for the Endowment will be made by the Endowment Investment Committee which will include two Board Directors, the Finance Director and Philanthropy Director of West Australian Ballet, and three independent members who hold appropriate investment expertise.
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The Philanthropy Team will provide a report to Endowment Patrons at least once per year to report on earnings received by the Endowment and how those earnings have been spent.
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This is a very personal decision. You have a choice of making a gift now to the Endowment, or making a gift in the future through a Bequest in your Will.
We invite you to think about making a gift to the Endowment before 31 December 2020. This is because the Wright Burt Foundation will match all gifts 100% if donated during this period. You will also be included in the Founding Investors group if you support now, acknowledging early contributors to the establishment of the Endowment Fund.
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This is a timing question. An Endowment Gift is a capital gift made now. The capital amount will then be preserved by West Australian Ballet and the interest and earnings will support the Company into the future. It means you are able to see the impact of your gift now, and share the successes of the Company.
A Bequest is a gift that will be made in the future, as directed by your Will. If you are not in a position to make a capital gift now, then making a Bequest is a wonderful way of including West Australian Ballet in your legacy plans. Some donors will choose to make both a capital gift now, and include a Bequest to the ballet in their Will. All donations made by Bequest will be placed in the Endowment Fund unless otherwise directed by you.
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This is also a very personal decision. There is no minimum for an Endowment gift. A gift of any amount will help to build the capital base of the Endowment. As stated above, given that this is a capital fund, it means that only the earnings will be spent. It is worth thinking about this when considering the amount that you might like to give. For example – if you made an Endowment gift of $10,000, this would mean that at a conservative rate of return, earnings of between $500-$600 per year would be achieved. A gift of $100,000 would provide the Company with approximately $6,000 each year. In guiding your gift, we invite you to think about a one-time gift that is personally significant to you, and reflects your desire to support the future of ballet in WA.
Gifts can be made as a single sum, or spread over several years. Because these gifts are tax-deductible, you may like to consider making a gift over 3-5 years, which may provide a more tax-effective result for you*.
A Bequest gift is a different question, because there are many options to choose from. For specific examples about the different ways you can leave a gift in your Will, please ask for further information about “Leaving a Bequest”.*
It is important to note that the Wright Burt Matching gift will match gifts AND pledges (multi-year gifts), however the match will not be applied to Bequests.
*We encourage you to speak to your financial and legal advisers with specific questions.
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Endowment Patrons will receive a number of unique event invitations throughout the year, including VIP invitations to watch Company Class, performance events and the opportunity to participate in a ballet class.
Endowment Patrons will also be acknowledged on the Endowment page in programs and other print materials, and on an Honour Board in the Ballet Centre foyer.
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When you indicate a gift in your Will, you are invited to join the Kira Bousloff Circle. This Circle hosts a number of events each year to which Members are invited, to allow patrons to get to know the dancers, visit the Ballet Centre, and hear about plans for the future. Members of the Kira Bousloff Circle also receive a silver WAB Pin to acknowledge their commitment.
If you have any further questions or would like to discuss the role that you can play in the future of West Australian Ballet, we invite you to call our Philanthropy team for a confidential conversation.
If you have any further questions, or would like to discuss your role in the future of West Australian Ballet, we invite you to call us for a confidential conversation.
Penny Dolling, Philanthropy Manager on (08) 9214 0714 or pdolling@waballet.com.au
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