The Foundation is managed very carefully and effectively around several key principles.
First, its overhead is kept close to zero. It has no staff, with board members handling pro bono most of the administrative duties of the Foundation. Those administrative duties which it cannot preform are provided at little to no cost by the staff of the NMPhil. Second, the funds of the Foundation are managed at a total cost of no more than 1%, with the board participating directly with fund managers to make investment decisions, far less than alternative fund managers. Finally, the distribution of the proceeds of the corpus of the Foundation observe the “total return” or “unitrust” approach, guaranteeing long term sustainability and health of the Foundation’s funds.
The founding board members of the Foundation are passionately committed to both keeping alive professional orchestral music AND honoring the intent of all donors. When you provide an immediate or legacy gift to the Foundation, you will know that your gift will permanently support Albuquerque and New Mexico’s premier symphony orchestra and it programs.