2024-11-14T08:01:15-06:00 2023-12-31 346565596 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2023-01-01 236227203 PHILADELPHIA ORCHESTRA ASSOCIATION TRUST PHIL 4127474857 116 ALLEGHENY CENTER MALL P8YB3502L PITTSBURGH PA 15212 PNC BANK N A TAX MANAGER 4127474857 2024-11-01 true true JASON BELOT P00183464 3302555814 2024-11-01 2023 2024-10-15 13:58:12Z GREGORY NERI CO PNC BANK 116 ALLEGHENY CENTER MALL PITTSBURGH PA 15212 4467648 false X N/A X 1920 PA SUPPORT FOR THE PHILADELPHIA ORCHESTRA 1 0 0 0 0 0 0 446336 1253317 0 446336 1253317 1291362 1241723 0 20521 19866 0 0 1196 11157 1313079 1272746 -866743 -19429 17948906 17911877 0 0 17948906 17911877 SUPPORT FOR THE PHILADELPHIA ORCHESTRA false false 1241723 1241723 SUPPORT OF THE PHILADELPHIA ORCHESTRA 1241723 true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false false X 1 0 false false false false false false false false false false false true true true true false true false false false X PNC BANK NA 4127474857 116 ALLEGHENY CENTER MALL PITTSBURGH PA 15212 PNC BANK N A TRUSTEE 4.0 0.0 X 19866 0 0 19866 0 0 false false false 238848 238848 4228800 3214331 1014469 1014469 1014469 1253317 1253317 1241723 1241723 19866 19866 11157 11157 1272746 1241723 31023 0 15409 211234 17933497 17700643 17948906 17911877 0 0 X 17948906 17911877 17948906 17911877 17948906 17911877 X -19429 -17600 X false false false X X 1 THE PHILADELPHIA ORCHESTRA 231352289 10 true 1241723 0 1 1241723 0 true false false false false false false false false false false false false false false true false true X true true 0 0 0 0 0 0 PART IV, SECTION D, LINE 2 THE PHILADELPHIA ORCHESTRA ASSOCIATION DISBURSES FUNDS TO QUALIFIED CHARITIES AS DIRECTED AND USED IN ACCORDANCE WITH THE TRUST DOCUMENT. THE INCOME IS TO BE USED TO MEET THE OPERATING DEFICIT AS DIRECTED BY THE BOARD. THE BOARD MAINTAINS A CLOSE AND CONTINOUS WORKING RELATIONSHIP BY HAVING MEETINGS TO DISCUSS THE INVESTMENTS AND OPERATIONS OF THE TRUST. INVESTMENT STATEMENTS ARE PROVIDED PART IV, SECTION E, LINE 2A THIS TRUST FUND WAS CREATED BY THE PHILADELPHIA ORCHESTRA ASSOCIATION AS A RESTRICTED ENDOWMENT FUND. THE INCOME IS TO BE USED TO MEET THE OPERATING DEFICIT OF THE ASSOCIATION AS DIRECTED BY THE BOARD OF THE ASSOCIATION. AS AN ENDOWMENT FUND FOR THE ASSOCIATION, THE FUNDS WERE ALREADY PROPERTY OF THE ASSOCIATION, TO BE USED AS DIRECTED BY THEM FOR THEIR NEEDS. PART IV, SECTION E, LINE 2B THE PHILADELPHIA ORCHESTRA ASSOCIATION TRUST PROVIDES FINANCIAL SUPPORT TO THE PHILADELPHIA ORCHESTRA ASSOCIATION TO MEET THE OPERATING DEFICIT OF THE ASSOCIATION. PART IV, SECTION D, LINE 3 THE SUPPORTED ORGANIZATION'S INVESTMENT COMMITTEE MAKES ALL INVESTMENT DECISIONS. XXX-XX-XXXX VANGUARD SHORT TERM INVES 4848450 C XXX-XX-XXXX VANGUARD INDEX TR TOTAL S 1206830 C XXX-XX-XXXX TIFF GLOBAL EQUITY FUND 9181923 C XXX-XX-XXXX VANGUARD TOT WLD STK IND 2463440 C 17700643 true THE PHILDADELPIA ORCHESTRA ONE SOUTH BROAD STREET 14TH FL PHILADELPHIA PA 19107 231352289 501(C)(3) 1241723 FMV TO HELP DEFRAY EXPENSES AND GENERAL SUPPORT 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE PHILADELPIA ORCHESTRA ASSOCIATION ENDOWMENT IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUST'S GOVERNING INSTRUMENT TO BE USED ONLY IN ACCORDANCE WITH THE GOVERNING INSTRUMENT EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a THE PHILADELPHIA ORCHESTRA ASSOCIATION ENDOWMENT FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEEES WITH AUTHORITY TO ACT ON ITS BEHALF EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THE PHILADELPHIA ORCHESTRA ASSOCIATION ENDOWMENT FUND IS A TRUST FUND AND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEEES WITH AUTHORITY TO ACT ON ITS BEHALF FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW PNC BANK AS TRUSTEE OF THE PHILADELPHIA ORCHESTRA ASSOCIATION ENDOWMENT FUND PREPARES THE TAX RETURNS FOR THIS TRUST THUS FORM 990 IS PREPARED BY THE GOVERNING BODY. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c THE CONFLICT OF INTEREST POLICY OF PNC CHARITABLE TRUSTS REQUIRES AN ANNUAL AFFIRMATION THAT IT HAS BEEN RECEIVED, READ, UNDERSTOOD, AND AGREED TO BE COMPLIED WITH. IN ADDTION, THE POLICY REQUIRES AN ANNUAL DISCLOSURE OF THE EXISTENCE AND NATURE OF ANY AFFILIATION IN WHICH A PARTY WOULD BE CONSIDERED AN INTERESTED PERSON UNDER THE POLICY. FORM 990, PAGE 6, PART VI, LINE 18 FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH REQUESTS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. EXPLANATION FOR FORM 990, PART XI, LINE 9 2022 Transactions Posted in 2023 $9,778; 2023 Transactions Posted in 2024 ($15,269); 2023 sales settled in 2024 ($12,337), Cost Basis Adjustment $228 THE PHILADELPHIA ORCHESTRA ONE SOUTH BROAD STREET 14TH FL PHILADELPHIA PA 19107 231352289 Other cultural or historical activities PA 501(c)(3) 10 N/A false false true false false false false false false false false false false false false false false false false false THE PHILADELPHIA ORCHESTRA b 1241723 FMV