Legacy of Hope.
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Mentors International (Tax ID # 43-1536498), located in Kaysville, UT, all (or state a percentage) of the rest, residue, and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Naming Mentors International as a beneficiary of a specific amount from your estate is easy:
I give and devise to Mentors International (Tax ID # 43-1536498), located in Draper, UT, the sum of $____ (or asset) to be used for its general support (or for the support of a specific fund or program)
Mentors International
290 North Flint Street, Suite A
Kaysville, UT 84037
43-1536498
You may name Mentors International (Tax ID # 43-1536498) as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming Mentors International as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Mentors International as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor’s death, the plan passes to support Mentors International free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change-of-beneficiary form from your plan administrator. When you have finished, please return the form to your plan administrator and notify Mentors International at (385) 429-4776 or email info@mentorsinternational.org
Please note that Mentors International is not in the business of providing tax advice. The information presented above is in simple terms and for presentation only.
If you are considering such a donation, please consult the services of a tax professional to assist you with your donation.
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