We appreciate your interest in donating to the Music Academy Scholarship Fund. We have formatted our donor information page with frequently asked questions (FAQ) our contributors inquire about before they make a donation. If you do not find the answers to your questions on this page, please feel free to call (828) 693-3726 to discuss.
You can make your tax-deductible donation by clicking the link below.
Donations of up to $5,000.00 can be made online. You may also make your donation via check, payable to Fractured Atlas with “Music Academy Scholarship Fund” written in the memo line. If you have any questions regarding your donation please call 828-693-3726 or read the FAQ below.
Q: Are monetary donations to the Music Academy Scholarship Fund tax deductable?
A: YES! The Music Academy Scholarship Fund is a sponsored project of Fractured Atlas, a non-profit arts service organization. Contributions for the purposes of the Music Academy Scholarship Fund must be made payable to Fractured Atlas and are tax-deductible to the extent permitted by law. Fractured Atlas accepts all monetary donations on our behalf and administers the financial distribution of our scholarship fund. Having this fiscal sponsorship produces zero administrative and regulatory expense for the Music Academy and results in more of our donor’s gifts going toward actual scholarship funding. Fractured Atlas will generate a tax receipt to each donor for every contribution. For more information on Fractured Atlas, please visit their website.
Q: How do I contribute to the Music Academy Scholarship Fund?
A: You may contribute to the Music Academy Scholarship Fund by writing a check or donating online by clicking HERE. All checks must be made payable to “Fractured Atlas” with “Music Academy Scholarship Fund” written in the memo line. Gifts of $1,000.00 or more made by check must have a signed Major Gift Letter accompanied with the donation. You can print a Major Gift Letter HERE. Please mail all check donations as well as applicable Major Gift Letters to the Music Academy of Western North, PO Box, 741, Etowah, NC 28729. We will forward these to Fractured Atlas on your behalf. Online donations of $1,000.00 or more do not require a Major Gift Letter. You may contribute up to $5,000.00 online. Check donations of any amount will be accepted. Individuals and businesses can also contribute to our scholarship fund multiple times a year or take advantage of a monthly reoccurring donation. These options are available from our Donation Page. Donors may also take advantage of our Scholarship donation tiers for special recognition on our website and at Music Academy events. If the donor chooses, their gifts can also be held in the strictest of confidence. You may give us a call at 828-693-3726 to discuss your donation or if you have any additional questions prior to donating.
Q: What percentage of donations actually fund Music Academy scholarships?
A: Since we have a fiscal sponsorship agreement with Fractured Atlas and do not incur any administrative or regulatory expenses, 93% of all donations received fund our scholarships. Fractured Atlas charges the Music Academy a flat fee of 7% to administer our scholarship fund. Donors may also opt to pay this 7% fee when they submit their donation.
Q: Can donations be made in honor or memorial of a family member or loved one to the Music Academy Scholarship Fund?
A: Yes. All Diamond, Platinum, and Gold Sponsors can designate their scholarship donations for private lesson and ensemble students in named honor or memoriam of a loved one or family member. Please give us a call at 828-693-3726 to discuss the details.
Q: How does the Music Academy award scholarships to students?
A: Students are awarded scholarships based on financial need. Each scholarship applicant will complete an online financial assessment form accompanied by a $30.00 application fee. All completed forms are sent to a third party financial assessment company to determine financial need. The Music Academy currently uses FACTS Management Company out of Lincoln, Nebraska. FACTS will analyze each applicant’s financial information to determine financial need. Financial need and ability to pay calculations are given to the Music Academy Scholarship Committee. There is no charge to the Music Academy for this finiancial assessment and all costs related to this service are paid for by the student’s $30.00 application fee. The scholarship committee will review the FACTS financial assessment results for each applicant and determine final scholarship amounts. The decision of this committee in final.
(Minimum Donation of $1,000.00)
(Minimum Donation of $750.00)
(Minimum Donation of $500.00)
(Minimum Donation of $250.00)
(Donations Up To $249.99)