LEGACY GIVING
LEAVE A LASTING LEGACY
Remembering ELM in your estate planning. It is an easy way to make a lasting contribution that will help ensure our sustainability. You may wish to consider a gift to ELM through a bequest in your will or trust, retirement assets, life insurance policy, or Donor Advised Fund.
As a member of our Legacy Circle you get VIP invitations to ELM’s signature events and performances, and exclusive insider access.
A gift in your will or trust – a legacy of giving
Making a gift to ELM in your will or living trust is easy to arrange and costs nothing to make now. Your gift is revocable and remains under your control during life. You can leave specific property (like real estate and securities), a dollar amount or a percentage of your estate to ELM.
A gift of retirement plan assets – the perfect gift asset
Distributions from tax-deferred retirement plans, like IRAs, are taxable to owners during life — and to heirs when inherited. When used to make a charitable gift, retirement plan assets are transferred tax-free. By naming ELM as a full or partial beneficiary of your retirement plan, you can reduce or eliminate taxes for your heirs while knowing 100% of your gift to ELM will be used to provide youth with an immersive music education.
A gift of life insurance – a simple way to give a significant gift
Donating a life insurance policy you no longer need can be a powerful strategy to make a larger gift than you might otherwise afford, while receiving immediate tax benefits. If you assign and transfer ownership of a fully paid policy (permanent policy) to ELM during life, you’ll receive a tax deduction for your gift. You can also make a gift of life insurance by designation. Simply request a beneficiary designation form from your life insurance company and name ELM as a full, partial or contingent beneficiary.
A gift from a Donor Advised Fund – an unmatched opportunity to make an impact
In addition to recommending immediate or recurring grants to ELM from your donor advised fund (DAF), you can name ELM as the full or partial beneficiary of your fund — ensuring future support for ELM’s mission to provide youth with an immersive music education.
Planning for the future for you and your community
Other legacy gifts include a charitable gift annuity, charitable remainder trust and charitable lead trust.
*Sample bequest language:
“I give to Enriching Lives through Music, Inc. of San Rafael, California, Federal Tax ID#: 46-3586448, the sum of $ for its general purposes.”
“I give to Enriching Lives through Music, Inc. of San Rafael, California, Federal Tax ID#: 46-3586448, [all, or percent of] the rest, residue and remainder of my estate for its general purposes.”
“I leave the real estate described as follows: [property description] to Enriching Lives through Music, Inc. of San Rafael, California, Federal Tax ID#: 46-3586448, for its general purposes.”
*To make a gift of retirement plan assets, life insurance, or Donor Advised Fund, contact your plan administrator or financial institution for a change of beneficiary form. On the beneficiary form, decide what percentage (up to 100%) you would like ELM to receive.
Please list us as:
Legal Name: Enriching Lives through Music
Address: 2955 Kerner Blvd, Ste B, San Rafael, CA 94901
Federal Tax ID #: 46-3586448
* This language is for illustration purposes only. Always consult a professional advisor or attorney when making or revising your will.
If you have already included ELM in your estate plans or would like additional information, please contact Andrea Lloyd, Development Director
ELM provides primarily Latino youth from the Canal neighborhood of San Rafael with an immersive music education that empowers them to pursue their dreams and access resources they need to succeed in life.
ELM is a 501(c)(3) non-profit organization. Our Tax ID is 46-3586448.