There are meaningful advantages to naming Vanguard Music and Performing Arts as the beneficiary of your IRA, retirement plan, or investment account.

Because Vanguard Music and Performing Arts is a nonprofit organization, it does not pay taxes on distributions it receives. This means the full value of your gift can be directed toward supporting our mission and the young artists we serve. While the value of assets designated to Vanguard is included in your gross estate, your estate may receive a charitable tax deduction that can help offset estate taxes.

Designating Vanguard Music and Performing Arts as a beneficiary is typically a simple process. In most cases, you can complete a beneficiary designation form through your employer, financial institution, or plan administrator. You will need Vanguard’s legal name, mailing address, and Tax ID number to complete the form.

Vanguard Music and Performing Arts
Legal Name: Vanguard Music and Performing Arts
Mailing Address: 1795 Space Park Drive, Santa Clara, CA 95054
Tax ID / EIN: 23-7073438

Once you establish your gift, you may receive an immediate income tax deduction. The annuity income you receive each year is then taxed at advantageous rates. Upon your passing, Vanguard Music and Performing Arts receives the remaining gift to support its mission.

Jennifer Bauman can prepare personalized illustrations showing the potential tax deduction and income stream for your consideration. You can contact her at 408-320-7592 or jbauman@scvanguard.org.

As a qualified nonprofit organization under IRS section 501(c)(3), Vanguard Music and Performing Arts can receive gifts from life insurance policies without paying taxes on the amount received. Naming Vanguard Music and Performing Arts as the beneficiary of your policy is a meaningful way to support the future of music, education, and the performing arts.

Designating Vanguard Music and Performing Arts as a beneficiary is typically straightforward. When completing your beneficiary designation, you will need the organization’s legal name, mailing address, and Employer Identification Number (EIN).

Legal Name: Vanguard Music and Performing Arts
Mailing Address: 1795 Space Park Drive, Santa Clara, CA 95054
Tax ID / EIN: 23-7073438

You may choose to leave Vanguard Music and Performing Arts publicly traded securities as part of your estate plan. If you decide to bequeath securities, we ask that your trustee or executor contact Vanguard Music and Performing Arts to obtain current securities transfer instructions at the time the transfer is initiated.

Vanguard Music and Performing Arts may be listed as the pay-on-death beneficiary of bank accounts. When naming Vanguard Music and Performing Arts as a beneficiary, you will need the organization’s legal name, mailing address, and Employer Identification Number (EIN).

Legal Name: Vanguard Music and Performing Arts
Mailing Address: 1795 Space Park Drive, Santa Clara, CA 95054
Tax ID / EIN: 23-7073438

In 2024, individuals who are 70½ years old or older may make a Qualified Charitable Donation (QCD) of up to $105,000 directly from an IRA to Vanguard Music and Performing Arts. This type of gift is sometimes referred to as an IRA Rollover.

While QCDs are not eligible for a charitable income tax deduction, they are not counted as taxable income, which may help reduce your overall taxable income. If you are required to take a Required Minimum Distribution (RMD), a QCD may be used to satisfy all or a portion of that requirement for the year.

All QCDs must be transferred directly from your IRA administrator to Vanguard Music and Performing Arts. Your IRA administrator may require specific forms to complete the transfer, so we recommend contacting them directly to ensure all necessary steps are followed. We also encourage you to consult with your tax advisor when considering a gift through a QCD.

Vanguard Music and Performing Arts is a qualified nonprofit organization under IRS section 501(c)(3). The information below may be needed to complete your QCD:

Legal Name: Vanguard Music and Performing Arts
Mailing Address: 1795 Space Park Drive, Santa Clara, CA 95054
Tax ID / EIN: 23-7073438

Many donors consider leaving Vanguard Music and Performing Arts specific items of personal property, such as instruments or valuable artwork. We ask that donors please contact us to discuss Vanguard’s ability to accept all gifts of personal property.

For many donors, real estate represents one of their most significant assets. If you are considering leaving real estate to Vanguard Music and Performing Arts, we encourage you to contact us to discuss your intentions. It’s important that you, your advisors, and Vanguard Music and Performing Arts work together to explore the best way to structure the gift so it aligns with your goals while supporting our mission.

If you have other types of assets that you are considering leaving to Vanguard, such as closely held business stock, please contact us to discuss Vanguard’s ability to accept the gift.