The Susan T. (Suki) Sommer Society: Leave a Legacy for MLA
The Music Library Association invites you to become a member of the Susan T. (Suki) Sommer Society, a planned giving initiative that is designed to ensure the legacy of both the Association and you, the donor. Planned giving is a way for individuals to arrange for future gifts of money or property. (MLA is not supporting the establishment of charitable trusts at this time).
Through a bequest in your will, you may give cash, securities, real estate, and other types of property. You can specify a particular asset, a stated sum of money, or the whole or stated percentage of the residuary estate. You can also designate that your gift be used for a specific purpose (such as the MLA Fund, or a travel grant).
- A gift to MLA through a will bequest has several advantages for you:
- Gifts made through a will qualify for the estate tax charitable deduction.
- A charitable bequest might place your estate in a lower estate tax bracket.
- When you notify MLA of your bequest intention, you are invited to join the Susan T. (Suki) Sommer Society.
- A bequest enables you to provide substantial future support for MLA without sacrificing any current income.
For many who have devoted much of their lives to the profession of music librarianship and who have been longtime supporters of MLA, planned giving represents a way to leave a lasting legacy to our organization. The President of MLA, and the MLA Development Officer will be happy to discuss your interests, your situation, and the giving options available to you. Please contact Mark McKnight, MLA President, or Lindsay Hansen Brown, Development Officer.
Ways of Giving
Wills and Living Trusts
Beneficiary Designations (including pensions and retirement plans)
IRA Charitable rollover
What is Planned Giving?
Planned giving is a vehicle for individuals to arrange for future gifts of money or property. (MLA is not supporting the establishment of charitable trusts at this time.) Such gifts usually take the form of bequests, but planned giving may also be effected by naming the Music Library Association as a beneficiary of an insurance policy or retirement fund, or by making an outright gift.
Why Think About Planned Giving?
For many who have devoted much of their lives to the profession of music librarianship and who have been long-time supporters of MLA, planned giving represents a way to leave a lasting legacy to the organization. Many individuals may feel that they are not now in a position to give as large a financial contribution to MLA as they may like; planning for future gifts can make possible more generous donations.
What Will Your Gift Support?
Planned giving can benefit any number of MLA programs—publications, research, travel grants or other activities of the Association—whatever is most significant to you. Planned gifts can be used to establish new funds (with a $50,000 initial amount donated), or can be added to any existing designated funds. Planned gifts can also be directed to the MLA operating budget as an unrestricted donation (that is, the money can be made immediately available to support MLA).
Whom Do You Contact?
The President of MLA and the MLA Development Officer will be happy to discuss with you your interests, your situation, and the options available to you. Please contact Mark McKnight, MLA President or Lindsay J. Hansen Brown, Development Officer.
Establish an Endowment
Endowments can be established to support a wide range of activities and research projects, including research leading to the improvement of music library services and collections, continuing education for music librarianship, or the establishment of a scholarship to attract talented individuals to the profession. A minimum of $50,000 and the approval of MLA's Board of Directors are needed to designate an endowment for a specific purpose. Any conditions placed on a bequest must be worked out with the MLA Board at the time your will is drawn up.
To discuss gifts of any kind, please contact the Music Library Association's Development Officer:
Lindsay J. Hansen Brown
Development Officer, Music Library Association
18111 Nordhoff St.
California State University
Northridge, CA 91330-8326