Faq – Donations

STM does not accept donated instruments. We have found it more cost effective to purchase full packages of brand new instruments, technology and equipment.

Learn more about our approach here and read more about our Grant Types here

For suggestions for where you can possibly donate your instrument, click here.

Save the Music is committed to transparency. That’s why we make our financial statements, administrative costs and funding available for your review online HERE

In FY22

76% of Save The Music’s spending goes to support music programs.

18% of our budget goes to fundraising costs, primarily development staff compensation and events.

6% goes to cover administrative costs such as legal and accounting.

Yes. Please contact us for more information https://www.savethemusic.org/contact-us/.

Yes. Making a donation in memory or in honor of someone is a wonderful way to celebrate a loved one. If you are making a memorial donation, Save The Music can send an automatic email notification or mail a letter on your behalf to a recipient of your choice. You can do this by checking the box for “Dedicate my donation in honor or in memory of someone” on the donation page – Donate now in memory of someone.

You can choose to name Save The Music Foundation as a beneficiary of your last will and testament or your living trust. There are several ways that you can make a bequest or gift through your will or living trust to Save The Music Foundation. The provision you choose will depend upon your circumstances, what type of property you wish to bequeath, and your other obligations. Here are some of the kinds of bequests that you can make:

• Specific Bequest: This is where you bequeath a specific sum of cash or other property that you name. 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.”

• 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. “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.”

• 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.

Please consult with your attorney or financial advisor on which strategy would work best for you, as well as to learn more about the tax benefits of your bequest to your estate tax return.

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 of” a will. Like a bequest, these gifts help ensure the future of instrumental music education for students attending public schools in the US.

• These gifts are easy to implement, and giving retirement funds is a tax-wise strategy for many donors. Contact your plan or policy administrator for a change of beneficiary form for retirement and life insurance accounts. For bank or brokerage accounts, you will need to complete the appropriate form. You will need the following information:

• Legal Name*: Save The Music Foundation

• Address: 1515 Broadway, 26th Floor, New York, NY 10036-8901

• Telephone: 212-846-4391
• Tax ID: 13-6089816

*DBA VH1 Save The Music Foundation, DBA MTV Save The Music Foundation

Some of the above-mentioned planned giving strategies may have a greater tax benefit to you than others, so please consult with your attorney or financial advisor on which strategy would work best for you and your loved ones.

You can reach out to your HR department to see if our organization is registered as an approved charity for your company. If not, you can register us as a new charity in your system! We are a 501(c)(3) nonprofit and can prove documentation upon request. Save The Music’s Tax ID is: 13-6089816.

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Donations from within the U.S. are tax-deductible, as Save The Music Foundation is a registered 501(c)(3) non-profit. Our audited financials and 990 information can be found here.

Tax ID Number: 13-6089816

If you would like to request a refund or tax receipt for your donation, please email us with the name, amount, and date of your donation at [email protected].

Unfortunately, we do not make grants of individual instruments to students or schools.

Learn more about our approach here and read more about our Grant Types here