Home|Legacy Giving

Legacy Giving

Legacy Giving2024-03-26T09:28:28-07:00

A meaningful way to give the gift of music into the future is through a legacy gift donated through your will, trust, or other assets. Leaving a legacy gift to Healdsburg Jazz is a powerful way to ensure your love of music lives on for generations to come, and there is no gift too large or small.

Who can I contact to discuss leaving a legacy gift to Healdsburg Jazz?2023-01-26T16:00:37-08:00

Contact our team at info@healdsburgjazz.com.

Can I just write a check?2023-01-26T16:00:18-08:00

Of course! You are welcome to make a tax-deductible cash donation to Healdsburg Jazz at any time. An easy way to make cash donations directly from your bank is through our online portal. Through the portal you can choose to donate on regular basis such as monthly or annually, which helps us plan events and education efforts into the future. 

Checks can be mailed to: 

Healdsburg Jazz
PO Box 266
Healdsburg, CA 95448

You may also consider an option referred to as a qualified charitable distribution (QCD). A QCD is a one-time donation made to the eligible cause of your choice directly from your IRA, provided you are at least age 70 1/2 this year. Everyone’s situation is unique, so it’s a good idea to discuss the QCD option further with your tax advisor.

Is there a minimum gift required?2023-01-26T15:59:50-08:00

No gift is too small.

What is the Healdsburg Jazz tax ID?2023-01-26T15:59:31-08:00

71-0910474

What if I don’t have a will or trust?2023-01-26T15:59:18-08:00

There are several ways you can leave a gift for Healdsburg Jazz even if you do not have a will or trust:

  • Retirement plans, such as 401(k) or 403(b) plans, allow you to designate one or more beneficiaries that will receive the money after you have passed. You can also choose to include Healdsburg Jazz as a secondary beneficiary to receive money only after primary beneficiaries, if you prefer.
  • If you have a life insurance policy, you can name Healdsburg Jazz to receive the whole amount or a percentage.
I’ve already set up my will or trust; can I update it?2023-01-26T15:59:01-08:00

Yes. You can amend an existing will or trust to include Healdsburg Jazz in your estate planning. This is a popular way to leave a legacy gift with nonprofit organizations and can ensure your donation is applied in accordance with your wishes.

This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances. Laws and regulations governing all gifts and availability of certain life income gifts vary by state.

A $100,000 legacy gift powering the 25th Anniversary of Healdsburg Jazz and beyond

We are honored to share that Healdsburg Jazz has received a generous legacy gift of $100,000 from Michael Jaret through The Michael Jaret Fund for Healdsburg Jazz Festival, a component fund of Community Foundation Sonoma County.

Michael Jaret was always a music lover and natural musician. He grew up playing guitar in rock bands with his younger brother, Peter, during their high school years, and the two continued their regular jam sessions throughout his life. Michael moved to California in 1992, working as an independent consultant in Silicon Valley and playing music around the Bay Area and at annual family reunions.

Michael’s particular love of jazz and Brazilian music grew later in his life, and he developed a passion for education as he pursued several degrees and continued his music education through private lessons. Michael and his wife, Susan, discovered the unique community of Healdsburg and broader Sonoma County, often coming to town to enjoy dinner at Dry Creek Kitchen and our free live jazz concerts at Hotel Healdsburg’s Spirit Bar. He and Susan regularly attended the annual Healdsburg Jazz festival and Michael was a big fan of Randy Vincent, a regular performer at our events. Eventually, the couple bought a home in Healdsburg, making plans to relocate to enjoy wine country full time. 

Along with his passion for music and education, Michael was a champion for social justice. His family shared with us that music always helped Michael get through tough periods in his life, and he would be gratified to know that his gift will help ensure that live performances and music education continue to be available to those who may not be able to afford them on their own.

In 2020, Michael passed away after battling cerebellar ataxia, a degenerative illness that slowly robbed him of mobility and movement. He is survived by his wife, Susan, his family, and by his incredible generosity in the form of funding to carry on free live performances and the Healdsburg Jazz festival for years to come.

Michael’s generous legacy gift gives Healdsburg Jazz more freedom to begin planning a broader vision for our annual festival and educational efforts in Sonoma County public schools. The gift is structured to grant $5,000 every year for the first ten years, with the remaining balance available at the ten-year mark—helping to secure our vision for the future and ensure Michael’s love of the annual festival, free live jazz, and music education, lives on. 

The Healdsburg Jazz team is eternally grateful for Michael’s thoughtful gift and the opportunity to steward these funds to bring music and education to the Healdsburg and broader Sonoma County community for years to come. 

In warm remembrance of Michael Edward Jaret, 1947-2020

Qualified Charitable Distributions Can Offer Simple Tax Advantages

In addition to making a donation by credit card, if you are age 70 1/2 or older and considering donating to Healdsburg Jazz, you may want to use an annual donation option referred to as a qualified charitable distribution (QCD). 

A QCD is a donation made to the eligible cause of your choice directly from your Individual Retirement Account (IRA). The great news is, requesting a QCD from your IRA keeps the money from being considered regular income when you file your taxes. The funds are instead donated directly to Healdsburg Jazz (up to a limit of $100,000 in a calendar year per account owner) for a “two-birds-one-stone” win: satisfying your RMD requirement (for those age 72 and older), and keeping the funds tax-free.

Most types of IRAs qualify for the QCD option, and your IRA provider is a good resource to answer questions about the required steps to send your distribution to Healdsburg Jazz—you’ll need to work with your provider directly to coordinate. As with any decision related to your tax strategy, it is important to pay close attention to the IRS rules to ensure the options and benefits meet your goals.

Everyone’s situation is unique, so it’s a good idea to discuss the QCD option further with your tax advisor.

To learn about other ways to support Healdsburg Jazz, visit our https://healdsburgjazz.org and thank you board member Jessica Lusher for this research and article.

This is intended for general information only and not to be considered personal tax, financial, or investment advice.
Go to Top