Planned Giving

 

Create your legacy and help secure the future of the Great American Songbook Foundation. You can make a significant future gift to the Songbook Foundation without affecting your current lifestyle, and you will be able to reduce your estate taxes, too.

 

The Songbook Foundation is currently working to establish an Endowment Fund to ensure our efforts in perpetuity. With a strong financial base, the Songbook Foundation can fulfill its mission and vision to serve as the expert on the Great American Songbook as well as preserve and promote this vital musical history.

 

Become a member:

To become a member of the Legacy Society,

  • make an estate plan gift OR
  • provide a written gift intention of an estate plan gift OR
  • make a gift (single or multi-year) directly to the endowment of $10,000 or more during your lifetime.

Members of $10,000+ will receive donor listing recognition for five years (unless anonymity is requested). Gifts of $100,000+ can establish a named endowment fund. The named

endowment fund can support our overall programs and activities OR endow a particular program; Artistic, Education, and Operating. Membership in the Great American Songbook Foundation’sLegacy Society allows you and your family to create a lasting legacy that will provide ongoing support of our efforts to perpetuate the love of the Songbook genre.

 

Consider these simple tools:

 

  • Life Insurance Change of beneficiary: You can name the Great American Songbook Foundation as the beneficiary of all or part of the proceeds from a life insurance policy but retain ownership. Your estate will be entitled to an offsetting charitable estate tax deduction.
  • Life Insurance Change the beneficiary and ownership: If you change the beneficiary and transfer ownership of the policy to the Great American Songbook Foundation you will receive an immediate income tax deduction and reduce your inheritance tax.
  • 401k/403b: You can designate the Great American Songbook Foundation as the beneficiary of all or part of your retirement plan assets. That is all you have to do! You don’t have to change your will.
  • IRA: Designating the Great American Songbook Foundation as a beneficiary of your retirement IRA avoids income tax and estate tax on those retirement-plan assets because the Songbook Foundation is tax exempt.
  • Consider a percentage bequest by leaving a percentage of your estateor a percentage of your residuary estatein your will.
    • Make a general bequest byleaving a specified dollar amountto the Songbook Foundation in your will.
    • Make specific bequest by designating a specific assetthat you want the Songbook Foundation to receive. A bequest of 1,000 shares of GE stock, for example, is a specific bequest.
    • Use a residuary bequest to give the Songbook Foundation all or a portion of your estate after all other obligations have been paid.
    • Sample will language: I give and bequeath to the Great American Songbook Foundation, a not-for-profit corporation [Tax ID 26-0620716] with principal offices located at 1 Center Green, Carmel, IN 46032 the sum of $_____ (or ___% of any residuary estate) to be used for general charitable purposes.

 

Create your legacy:

  • The Great American Songbook Foundation will work with you and your financial advisor to help you choose the type of gift to best accomplish your goals.
  • If you have already named the Great American Songbook Foundation in your will or estate plans, thank you! Please let us know so we may include you as a member of the Legacy Society.

 

Questions? Please contact:

Michael Pettry, Vice President of Development

317.660.3379, MPettry@TheCenterPresents.org