Contributions, Instrument Donations and Loans

Contributions of Cash or Securities

Contributions made by patrons are used to support the Foundation's initiatives in aiding young musicians at all levels of skill.  Among the Foundation's major efforts is the support of string music teaching activities targeted at children in ecconomically depressed areas of inner-cities.  The Foundation believes that it takes a major force to change the life of a child and that music is such a force.  The Foundation functions with an all-volunteer administrative staff which allows great efficiency in passing donor contributions directly to Foundation supported programs.

An online tax-deductable financial contribution to the Foundation can be made; click here. 

Supporters who wish to contribute marketable securities can do so by having them transferred to the Foundation's brokerage account.  Securities contributed to the Foundation ordinarily are tax-deductable in an amount equal to their value as of the date of transfer.  To arrange for a contribution of securities, contact us. 

Instrument Donation

Instruments donated to the Foundation are evaluated for their appropriatness for eiither The Scholarship Program, which places, through Scholarship loans, cellos, violins and violas suitable for advanced students, or the Mentor Program, which places instruments with students in their early years of study.  The Foundation actively supports string music teaching programs which serve children in economically depressed inner-city areas.  Among the reasons patrons donate instruments to the Foundation are: (a) they wish to see their instrument used to benefit a young musician; (b) to secure a federal tax credit (c) as part of estate planning; (d) to memorialize or honor a family member or loved one who played the instrument.  Any playable instrument will find a suitable home with a deserving young musician.

If you wish to discuss donating an instrument, contact us.

Instrument Loan

The Foundation will accept on loan instruments suitable for the Scholarship Program. There are no tax benefits which accrue upon the loan of an instrument. Among the reasons owners of scholarship quality instruments choose to loan the instrument to the Foundation are: (a) they are uncertain if they wish to part with the instrument at this time; (b) they desire that the instrument be played and benefit a young musician but choose to retain ownership; (c) they want to evaluate how well Virtu manages the instrument before making a decision on donation; (d) they hold the instrument as an investment and wish it to be played during the holding time. Instruments loaned to the Foundation are fully insured.

Patrons who loan Scholarship instrument may follow the activities and career of the musician with whom the instrument has been placed on the Foundation's web-site. If you wish to discuss loaning a Scholarship quality instrument, contact us.