The MTNA Benevolence Fund is an officially recognized and designated fund established by MTNA. As such it is an approved recipient for designated giving. It has no budget for either income or expense. Other than the initial contribution by the MTNA FOUNDATION FUND to establish the fund, its receipts consist entirely of designated giving, and its expenses consist of funds disbursed for its stated and intended purposes at the direction of the Executive Director and the MTNA Board of Directors.
Purpose The purpose of the MTNA Benevolence Fund is to assist individual music teachers in reestablishing their teaching studios due to losses from a major natural disaster or catastrophe. The fund achieves this purpose through specific disbursements to individual music teachers. Assistance from the MTNA Benevolence Fund will not exceed $1,000 per person.
IncomeThe only ongoing sources of income for the MTNA Benevolence Fund are contributions designated to the fund. In addition, MTNA may implement a special campaign for contributions to maintain and grown the fund. The fund cannot accept in-kind donations of any kind, including, but not limited to, sheet music, instruments, and equipment.
Determination of a Natural Disaster MTNA shall use the following criteria to determine when a major natural disaster or catastrophe has occurred:
Guidelines for Disbursement Assistance from the MTNA Benevolence Fund is intended to be a one-time gift for the replacement of teaching materials and teaching instruments. The fund is not intended for payment of MTNA dues or replacement of lost income. Those requesting help must be willing to give MTNA permission to follow up on any of the information provided to the association in relation to the application. In addition, recipients of grants over $650 (or the current amount stated by IRS guidelines) are considered taxable income and as such, a 1099 form will be issued as required.
Recipients In order of priority, recipients of funds disbursed from the MTNA Benevolence Fund are:
Procedure for Disbursement
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