Photo by Richard Cahan
A Future Shaped by Music
Your legacy gift ensures that the powerful role music plays in your life is passed on, creating pathways to lifelong journeys with music for everyone, regardless of age, ability, or background.
Pathways to Planned Giving
At MIC, your estate gift can be directed to fund what is most aligned with your passion.
A legacy commitment is a planned gift that helps support the Music Institute through your estate plan or through a charitable giving arrangement established during your lifetime. These types of gifts can include:
- Bequests (your will or trust)
- IRA/401(k) beneficiary designations
- Gifts of marketable securities
- Gifts of real estate
- Gifts of life insurance
- Charitable remainder trusts
- Charitable lead trusts
- Charitable gift annuities
- Donor advised fund
In addition to leaving a meaningful legacy by supporting an organization and cause you care deeply about, planned giving may offer a variety of financial and tax benefits, including:
- Federal income, estate, or gift tax benefits
- Reduction or avoidance of capital gains tax on certain appreciated assets
- The ability to provide income for life for yourself and/or other beneficiaries
Types of Planned Gifts
There are many ways to make a planned gift. Please discuss the best option for you with your tax advisor and/or legal counsel.
LEGAL INFORMATION
Legal Name: Music Institute of Chicago
Legal Address: 622 Davis Street, 4th Floor, Evanston, IL 60201
Tax EID: 36-2374224
SAMPLE BEQUEST LANGUAGE
Please contact Jennifer Bienemann, Vice President and Chief Development Officer, for the exact language to share with your estate partner.
Unrestricted Gift
"I give and bequeath to the Music Institute of Chicago, an Illinois not-for-profit corporation, currently located at 622 Davis Street, 4th Floor, Evanston, Illinois 60201, the sum of [$] OR [%] of my estate (or the residue of my estate) to be used by the Music Institute of Chicago for unrestricted purposes consistent with the charitable mission of the organization."
Program or Scholarship Gift
"I give and bequeath to the Music Institute of Chicago, an Illinois not-for-profit corporation, currently located at 622 Davis Street, 4th Floor, Evanston, Illinois 60201, the sum of [$] OR [%] of my estate (or the residue of my estate). It is my wish that this gift be allocated to [program or scholarship name]."
In-Kind Gift
"I give and bequeath to Music Institute of Chicago, an Illinois not-for-profit corporation, currently located at 622 Davis Street, 4th Floor, Evanston, Illinois 60201, my [in-kind gift]. It is my wish that this be maintained and made available for study and performance by students, consistent with the charitable mission of the organization."
Notify us of your interest in making a planned gift
Click here for a print version of the Estate Gift Notification Form
Further Questions?
Please do not hesitate to contact Jennifer Bienemann, Vice President and Chief Development Officer, with any questions you may have.