2 minute read

Individual Giving: Frequently Asked Questions

CAN I DONATE BY CHECK?

YES! Please address your check to The NAMM Foundation and send to the following address: 5790 Armada Drive, Carlsbad, CA 92008. Please indicate the purpose of your donation on the check. Please provide your email address if you are willing to receive further communication from us. For additional information and other ways to give, visit: www. nammfoundation.org/donate

Advertisement

CAN I DONATE BY PHONE?

YES! To make a donation by credit card over the phone, please call Alisa Mize, Development Officer, at (760) 304-5820.

CAN I GIVE A GIFT OF STOCK?

YES! The advantages of making a gift of stock:

• The market value of a gift of stock and securities is tax-deductible, just like any other charitable contribution.

• Giving stock has an additional tax advantage over a cash gift: you avoid capital gains tax on the appreciation of the asset.

• To arrange a stock transfer, please contact Alisa Mize at alisam@namm.org The NAMM Foundation has an account with Charles Schwab. All account information will be sent to you upon request. Funds will be allocated by donor’s choice to programs outlined by the gift designation options.

Are you a financial advisor? If your clients are looking to make a gift of stock, please note the NAMM Foundation Federal Tax ID 33-0797657.

Always consult with your tax advisor for specific tax information when giving securities, as certain limitations to deductions may apply.

IS MY DONATION TAX DEDUCTIBLE?

Donations to The NAMM Foundation are deductible to the fullest extent allowed by law. The NAMM Foundation is a 501(c)(3) non-profit (Federal Tax ID 33-0797657). The NAMM Foundation is recognized by the IRS as a tax-exempt organization described in Section 501(c)(3) of the Internal Revenue Code. The NAMM Foundation is a Type I supporting organization and is classified as a public charity by the IRS. Like other public charities, contributions to The NAMM Foundation qualify for charitable deductions and, if made by a private foundation, generally can count towards the foundation’s annual distribution requirement.

WHAT IS YOUR PRIVACY POLICY?

We value the privacy of our supporters’ personal information and are committed to protecting it. We do not share your personal information with anyone outside of the organization. All information, whether submitted online or in person, is collected via secure channels and stored in secure databases.

GIFT DESIGNATION: SCHOLARSHIPS & AWARDS

Your donation to this gift category helps The NAMM Foundation encourage, recognize, and celebrate individuals and organizations who excel in their dedication to, and leadership in activities that expand access to music education. Programs include:

Best Communities For Music Education

Best Communities for Music Education (BCME) is a signature program of The NAMM Foundation that nationally recognizes and celebrates schools and school districts for their commitment to music education.

WILLIAM R. GARD MEMORIAL SCHOLARSHIP

This scholarship assists students who pursue education and careers in the music products industry. Named for the former NAMM Executive Vice President, the award is available to NAMM Member employees who attend college full time.

Bernice Ash Memorial Award

This award honors the remarkable life and legacy of Bernice Ash, a music retail visionary who spearheaded the expansion of the Sam Ash family-owned music stores, broadening inventory for the chain across multiple categories.

NAMM PRESIDENT’S INNOVATION AWARD

This award honors college students who are leaders in music. Winners are dedicated to pursuing a career in any area of music, be it performance, education, media, sound/audio engineering, event technology, production, administration, management, marketing, or product creation and innovation. A cash award supports travel to The NAMM Show.

College Music Society Fellows Program

This program supports college music faculty who are developing music business curricula in music, pro-audio, and event technology. A cash award supports travel to The NAMM Show to participate in professional development sessions, networking receptions, special events, and opportunities to preview the latest musical instruments, products, and tools.