MEET OUR DONORS
Every gift has a story: David and Kay Ingalls
Kay and David Ingalls moved to Santa Fe after he retired from his bookstore and publishing business in 1993. They first met in 1971 while working on an opera project sponsored by USC, but both had had a long prior history of love for and involvement with opera.
Kay, a native Montanan, had studied voice at Northwestern University and the Music Academy of the West in Santa Barbara. There she had studied with Lotte Lehmann and had sung the role of the Marschallin in a student performance of Der Rosenkavalier. Subsequently she had a career as a recitalist, often collaborating with her first husband, the composer Vernon Duke.
David’s love for opera began as a child listening to Met broadcasts and attending performances of the old Chicago Civic Opera. While a student at Yale he made frequent trips to New York for piano lessons and opera performances. After graduation, while studying music in Chicago, he helped Carole Fox and Larry Kelly start the Lyric Theater, which later became the Lyric Opera. During a tour of duty with the US Army in Germany he went to operas whenever he had a chance.
After moving to Los Angeles, David became heavily involved with the Boards of the Los Angeles Chamber Orchestra and the Music Center Opera. Having fallen in love with New Mexico’s Landscape and culture, he began making summer trips to Santa Fe for opera and chamber music in Santa Fe. His two boys grew up in the children’s program at Bishop’s Lodge where he had first vacationed with his parents in 1946. After a several summer interlude with the boys at a ranch near Bozeman, Montana where Kay was raised, the two resumed the Santa Fe tradition.
Shortly after joining the Santa Fe Opera board in 1994 David began serving on the Planned Giving Committee, and he started to think about doing something in his estate plans for the company. He had initially created a living trust in 1970 but without a charitable component. Thanks to some sound advice from his financial consultants, David established a Charitable Lead Trust and a Charitable Remainder Trust in 1999 to benefit a number of his favorite performing arts groups including The Santa Fe Opera. By creating a lead trust, David was able to provide the Santa Fe Opera with a stream of dependable annual income without the restrictions of charitable deduction limitations. David removed these assets from his taxable estate and the income generated by the trust assets was excluded from his yearly taxable income for the twenty year term of the lead trust. With this arrangement, David can take care of his kids and grandchildren while also benefiting The Santa Fe Opera.
Learn more about Charitable Lead Trusts
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