All of the funds from the sale of the autographed guitar will benefit The Fender Music Foundation, a national music charity.
The black Fender Geddy Lee Jazz Bass is listed for sale on Reverb.com through January 28, 2013, and will be on display at the Fender Music Foundation table within the private NAMM Show in Anaheim. Once the bass is sold, Escrow.com will waive all fees to the winner and the Foundation as the funds are paid through Escrow.com’s escrow system.
Andrew K. Sokol, General Manager of Emerging Markets at Escrow.com, also sits on the Board of The Fender Music Foundation as the Chairman of the Grants Committee. “I’ve been involved with the Foundation for many years and obtaining support from corporate entities is paramount to our success in providing musical instruments to music education programs across the country,” said Sokol.
Escrow.com’s services are available worldwide and eliminate risk for manufacturers, for non-payment, and retailers, for non-delivery or misrepresentation of goods. When using the service, both parties agree to the terms online and the retailer sends the agreed-upon funds to Escrow.com. The company then verifies the payment and instructs the manufacturer to ship the goods. Upon delivery, the retailer has a pre-determined amount of time to inspect and accept the goods. Once accepted, the funds are released by Escrow.com to the manufacturer. The cost of using Escrow.com is extremely reasonable in comparison to other payment options and can either be paid in full by one party or split evenly between the manufacturer and the retailer.
“This is yet another organization we are passionate about” says Brandon Abbey, Escrow.com President and Managing Director. “We just recently co-sponsored a golf tournament and raised $120,000 for the Semper Fi Fund and Americas Funds. When Andrew approached me with the idea to sell this bass to benefit The Fender Music Foundation, it simply fit right into our model of wanting to help others.”
The Fender Music Foundation is a public 501c3 charity that provides musical instruments to programs across the nation. They select grant recipients based on the sustainability and success of their music programs that give more people the opportunity to make music. The Fender Music Foundation offers operates from funds received through sales, including transactions on their online store where the public can purchase authentic celebrity music memorabilia.
“Escrow.com has gone out of their way to support our efforts in music education,” said Moriah Scoble, Executive Director of The Fender Music Foundation. “Projects with generous companies like Escrow.com will certainly go a long way in helping us achieve our goal of donating 15,000 instruments this year.”
Reverb.com is also stepping up their participation by agreeing to donate an additional 10% of the sales price to the Foundation. Reverb.com, created by the Chicago Music Exchange, leads the industry on the buying and selling of vintage and used instruments.
“The Fender Music Foundation is an important organization and we are glad to support their efforts,” said David Kalt, CEO of the Chicago Music Exchange. “We look forward to doing similar sales like this in the very near future.”
NAMM attendees can view the guitar at The Fender Music Foundation table within Fender’s NAMM booth, #300, at the Anaheim Convention Center. This annual, trade-only music product trade show supports the $17 billion global music products industry.
To purchase or make an offer on the Rush autographed bass, click here.