You can name Save The Music Foundation as a beneficiary of your last will and testament or your living trust.
Many donors have found that a bequest is a relatively easy way to make a significant investment in the future of our mission. 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 and your needs as well as the tax benefits of your bequest to your estate tax return.
Select Save The Music Foundation as a beneficiary of your retirement plan, IRA, life insurance policy, appreciated stock, bank account, or other financial vehicles.
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. Like a bequest, these gifts help ensure the future of instrumental music education for children attending public schools in the United States of America.
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, 21st Floor, New York, NY 10036-8901
Tax ID: 13-6089816
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 love ones.
*DBA VH1 Save The Music Foundation, DBA MTV Save The Music Foundation
DONATE BY MAIL
Make checks out to: Save The Music Foundation
Save The Music Foundation
Attn: Julia Hare
P.O. Box 2096
New York, NY 10108-2096