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.