How Will You Leave Your Legacy?
A Legacy Gift is a lasting investment to ensure that Mainly Mozart can continue to bring world-class music to San Diego and educate future generations of young musicians
Anyone can make a lasting impact that benefits Mainly Mozart while enjoying tax advantages and other benefits.
Legacy Gifts offer many benefits to you and your loved ones:
Your assets remain in your control throughout your lifetime
You can modify your gift to address changing circumstances
Your investment in Mainly Mozart may reduce potential estate taxes and may also help your loved ones avoid paying income tax on their inheritance
Mozart Society
If Mainly Mozart is already included in your estate plans, please let us know.
We would be grateful for the opportunity to thank you for your support and welcome you into the Mozart Society, a group of forward-thinking individuals who have shown their support for outstanding live performance and quality music education with a legacy gift.
Mozart Society members receive benefits such as acknowledgement in programs, concierge ticket and exchange privileges and invitations to exclusive events.
There Are Many Different Ways to Leave a Legacy Gift to Support Mainly Mozart
Below are some ways to include a charitable gift in your estate plan. Click each tab to learn more.
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The most common form of planned gift is a Bequest from a will or trust, Bequests may be a fixed amount (ex: $10,000), a percentage (such as 10%) or a remainder after all other specific bequests have been distributed. If you want to add a gift to your existing will or trust, it may be as easy as adding a simple amendment.
Sample Bequest Language
To make a Cash Gift:
“I give to Mainly Mozart, Inc., a California nonprofit corporation, Tax ID #33-0320305, located in San Diego, CA <the sum of $_________> or <x percent of my/our estate> for its general charitable purposes.”
Residual or Proportional Bequest: Substitute “<xx percent> for <all of the residue of my estate>”
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Name Mainly Mozart as the remainder beneficiary of an investment account or life insurance policy, a simple way to make a future impact without writing or re-writing your will.
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When deciding which assets to leave to heirs and which assets to leave to causes you care about such as Mainly Mozart and MMYO, choose to make bequests to nonprofits from retirement plans such as an IRA. Retirement plan gifts are taxable to heirs, but not to charities.
Bequests from IRAs are one of the easiest legacy gifts to set up: all it takes is a simple change of beneficiary form – your financial advisor or IRA administrator can direct you to an online form.
If you are over age 70 ½, you may also take advantage of the tax-wise strategy of a Qualified Charitable Distribution from your IRA and make an immediate gift to Mainly Mozart.
Gifts can also be applied to your annual RMD. Click here for more information.
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Gift highly appreciated property, such as real estate or stocks, offering a wonderful way to invest in Mainly Mozart’s future while reducing or eliminating capital gains tax.
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Include Mainly Mozart in charitable annuities and remainder trusts allowing you to provide income for yourself or loved ones while also supporting future generations of great music.