*DBA VH1 Save The Music Foundation, DBA MTV Save The Music Foundation For bank or brokerage accounts, you will need to complete the appropriate form. Contact your plan or policy administrator for a change of beneficiary form for retirement and life insurance accounts. These gifts are easy to implement, and giving retirement funds is a tax-wise strategy for many donors.Like a bequest, these gifts help ensure the future of instrumental music education for children attending public schools in America. Naming Save The Music Foundation as beneficiary of your retirement plan, IRA, life insurance policy, appreciated stock, bank account or other financial vehicles is a generous way to make a legacy gift “outside” a will. ![]() Please consult with your attorney or financial advisor on which strategy would work best for you and your needs as well as the tax benefits of your bequest to your estate tax return. Contingent Bequest: In this case, you direct that a specific amount or a percentage of your estate be paid to Save The Music Foundation, only if your other beneficiary(ies) does not survive you.“I hereby give and bequeath _ percent (_%) of the rest and residue of my estate to Save The Music Foundation, located at 1515 Broadway, 21st Floor, New York, NY 10036 or its successors-in-interest, to be used for general purposes.” Residuary Bequest: In this case, you bequeath a specified percentage or all of the assets remaining in your estate after other expenses and bequests have been paid. ![]() Here is suggested wording for making a specific bequest: “I hereby give and bequeath the sum of $_ to Save The Music Foundation, located at 1515 Broadway, 21st Floor, New York, NY 10036 or its successors-in-interest to be used for its general purposes.” Specific Bequest: This is where you bequeath a specific sum of cash or other property that you name.Here are some of the kinds of bequests that you can make: The provision you choose will depend upon your circumstances, what type of property you wish to bequeath, and your other obligations. There are several ways that you can make a bequest or gift through your will or living trust to Save The Music Foundation. Many donors have found that a bequest is a relatively easy way to make a significant investment in the future of our mission. You can name Save The Music Foundation as a beneficiary of your last will and testament or your living trust. See current market list here. Alternatively, if we end up not restricting your donation, we can guarantee your money will go to good use rebuilding music education in public schools that really need it. If you are committed to raising a good amount of funds with a group of people and your city of choice is within our project grantee schools, we are happy to restrict donations to a particular area and follow up on which school benefitted that following fall. ![]() However, we understand that it feels more impactful if you know exactly where the donations are going and therefore we want to try and make it work for you. In the past we reserved restricted contributions for donations at $15K or more because it covers an entire program, while smaller donations are reserved to fill in the gaps for less popular cities that don’t get as much attention. If your preferred city to donate is not within our projected markets and you know of need in that area, contact us.ĭonations under $15K: We could potentially restrict your donation if you have an idea of how much you think you could raise. Donations at $15K or more: We can absolutely restrict your donation to a specific city or district and eventually a specific school the following September as long as the school falls within our projected grantee schools.
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