For each $1,000 investment given, a contributor is classified as a Golden Benefactor, pledging to give $100 annually for 10 years. Pledgees continuing the annual contribution will be classified as Double Golden Benefactor, and finally Sterling Benefactor.
Guidelines for Tax Deductible Gifts, Bequests, and Devises
All gifts/donations are tax deductible to the full extent allowed by law. If the donor specifies that the principal of and/or the interest from the donation is for education and/or charitable purpose or purposes, the disbursement shall be as the directors of the Mu Phi Epsilon Foundation shall deem advisable. If the Statement of Donation lists specific use for the funds, then the Statement shall determine disbursement of the donation.
Suggested Wording of Donations to the Foundation
- I give, devise, and bequeath to Mu Phi Epsilon Foundation, a nonprofit Nebraska corporation, the following (list money and/or real or personal property) to be used exclusively for the promotion and advancement of music, musicianship and scholarship as set for in the Purposes and Aims of Mu Phi Epsilon International Professional Music Fraternity.
- OR I give, devise, and bequeath to Mu Phi Epsilon Foundation, a nonprofit Nebraska corporation, the following (list money and/or real or personal property), the principal to be held and the income only to be used exclusively for the promotion and advancement of music, musicianship and scholarship in keeping with the Purposes and Aims of the Mu Phi Epsilon International Professional Music Fraternity.
A named endowment requires a minimum gift of $25,000.
Notification of all gifts should be sent to: Craig Young, Treasurer Mu Phi Epsilon Foundation 2656 Bluebird Circle, Duluth GA 30956
NOTE: Gifts, bequests and devises to the Mu Phi Epsilon Foundation are deductible in computing the federal income, estate and gift taxes imposed by the Internal Revenue code of the United States. The statement of donation should be adapted to the requirement of state laws.
A copy of the MFE Foundation’s Financial Report is available on request.
The Onyx Circle
Membership in The Onyx Circle is open to donors who pledge the sum of $5,000 to the Foundation over a period of ten years or less (e.g., a pledge of $500 a year within ten years). Once you complete your pledge, you will be presented with this handsome glass memento designed by Jeffrey Hoover, PhD.
Your donation to the Onyx Circle will make it possible for the Mu Phi Epsilon Foundation to provide unique educational opportunities during the Mu Phi Epsilon convention that help with the mission of the Fraternity by establishing a special fund.
The Mu Phi Epsilon Foundation was incorporated as a 501(c)(3) tax-exempt organization to receive contributions and administer the scholarships and philanthropic activities of Mu Phi Epsilon. Funding for the Foundation comes from members of the Fraternity, patrons, and other supporters of the arts. To contribute directly to the Foundation, click here.