Bequests

Deepen Your Connections

You want to leave money to Settlement Music School in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both.

In as little as one sentence, you can complete your gift. This type of donation to the School in your will or living trust helps ensure that we continue our mission for years to come.

Sample Language 

For an unrestricted gift that allows Settlement Music School to determine how to use the funds based on the most pressing needs, use the following language for your will and/or trust: 

  • Specific Cash Gift:
    • I bequeath to Settlement Music School of Philadelphia, a 501(c)(3) nonprofit organization, Federal Tax ID 23-1352676, with main offices located at 416 Queen Street, Philadelphia, PA 19147 $________ for its general purposes (or for a designated purpose). 
  • Percentage of Estate: 
    • I bequeath____ percent (%) of my estate to Settlement Music School of Philadelphia, a 501(c)(3) nonprofit organization, Federal Tax ID 23-1352676, with main offices located at 416 Queen Street, Philadelphia, PA 19147 ________% of the rest, residue and remainder of my estate for ___________ for its general purposes (or for a designated purpose). 
  • Residuary Gift:
    • I bequeath to Settlement Music School of Philadelphia, a 501(c)(3) nonprofit organization, Federal Tax ID 23-1352676, with main offices located at 416 Queen Street, Philadelphia, PA 19147 ________% of the rest, residue and remainder of my estate for ___________ for its general purposes (or for a designated purpose).  
  • Conditional Gift: 
    • If (one or more individuals) does not survive me, I bequeath to Settlement Music School of Philadelphia, a 501(c)(3) nonprofit organization, Federal Tax ID 23-1352676, with main offices located at 416 Queen Street, Philadelphia, PA 19147 the sum of $________ for its general purposes (or for a designated purpose).  

To designate your provision for a particular purpose: 

  • “I give to Settlement Music School, a nonprofit corporation currently located at 416 Queen Street, Philadelphia, PA 19147, or its successor thereto, [written amount or percentage of the estate or description of property]. This gift should be used for (state purpose) if and so long as Settlement Music School determines that the need exists. If Settlement Music School shall determine at the outset or at a later time that the need does not exist, or no longer exists, or for some reason it is not possible (or prudent) to administer my gift as originally intended, then Settlement Music School may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above.” 

 

Restricted Gifts or Gifts of Property: Settlement Music School relies on its Gift Acceptance Policy to determine whether a bequest that has restrictions or is a gift of property will be able to be accepted. If you are interested in making such a bequest, please be in contact with us. 

 

Next Steps: 

  1. Contact Amelia Schmertz at 215-320-2682 or amelia.schmertz@settlementmusic.org for additional information or to chat more about the different options for including Settlement Music School in your will or estate plan. 
  2. Seek the advice of your financial or legal advisor. 

Questions? 

CONTACT US