Planned Giving

By making a charitable gift through your estate, you ensure that Settlement Music School will continue to transform lives long into the future.

A planned gift can help you achieve financial and estate goals while providing a secure future for loved ones – and accomplishing something very meaningful to you in your life. Benefits can include substantial tax savings, annual income for you and/or your spouse, making a much bigger gift than you thought possible, and a host of other benefits depending on your particular circumstances and philanthropic goals.

We are happy to discuss planned giving opportunities with you and also encourage you to seek professional legal and financial counsel.

Creating and naming gift funds provides a meaningful way for donors to pay tribute to loved ones, friends and mentors, and is a source of vital support for Settlement Music School. Settlement is grateful to donors for enabling scholarships and programming now and in the years ahead. We are honored to steward the individual stories associated with all of these named funds and dedicated spaces in our care.

LEGACY GIFTS

Settlement Music School is especially grateful to the growing number of friends who ensure that their tradition of support continues well into the future by providing for the School through their estate plans.

The Cadenza Society was established to thank and recognize those generous individuals who have remembered Settlement Music School in their estate plans through their Wills or other Planned Gifts. You can ensure that your tradition of support continues in the future by providing for the School through a Bequest, a Charitable Annuity, or a gift of Life Insurance. Your participation will set an important example for others, and awareness of your intentions will help us in our long range planning.

By remembering Settlement in your will or beneficiary arrangements, you create a legacy of transforming lives, expressing gratitude and making a difference in the world through music education.

Whether you wish to provide general operating income for Settlement to use wherever it is most needed (which provides the most flexibility) or to support a specific department or program, your bequest expresses your lasting commitment to Settlement.

Make Settlement a beneficiary of your will, trust, retirement account plan or life insurance policy. Settlement Music School of Philadelphia is a 501(c)(3) non-profit organization.  Our Federal Tax ID number is 23-1352676.

Sample Bequest Language can be found in Settlement's list of Planned Giving opportunities.

Gifts from your IRA

Are you 70 ½ years of age or older? Please consider taking advantage of an opportunity to reduce your taxable income while supporting Settlement Music School with an IRA Charitable Rollover Gift.

The Qualified Charitable Distribution from an IRA allows donors 70 ½ years or older to make gifts directly to Settlement Music School and not include the amount gifted as taxable income. An IRA Charitable Rollover Gift can satisfy some or all of your annual Required Minimum Distribution, and reducing your taxable income could provide a variety of tax savings opportunities.

If you qualify, please consider using these funds to support Settlement’s programs that benefit thousands of students each year.

Please speak to your advisors about how to make this part of your long-term charitable plans.

For more information please consult with your tax advisor or contact Amelia Schmertz, Chief Advancement Officer. at 215.320.2682. 

Since each individual's tax situation is different, you should consult with a professional advisor before making a charitable IRA distribution to Settlement Music School.