Planned Giving
Mayhew offers a variety of planned giving options to individuals who would like to support our mission.
Bequests
• A specified dollar amount or percentage of your estate
• A specified asset, such as securities or real estate
• A residuary bequest, in which Mayhew receives all or a percentage of the remainder of your estate after all other obligations have been satisfied; or
• A contingent bequest, in which Mayhew becomes the beneficiary only if the named beneficiary is unable to accept the bequest.
“I hereby bequeath ________________________ (specify a dollar amount or percentage of your estate, a specific asset or a residual percentage of your estate) to Mayhew, Inc., a voluntary New Hampshire corporation with a principal place of business at 293 West Shore Road, P.O. Box 120, Bristol, New Hampshire 03222.”
Life Insurance
To add Mayhew as a beneficiary of your life insurance policy, request a beneficiary change form from your Life Insurance Company or insurance broker. Please contact Monica Zulauf, Development Director, at 603-744-6131 or monica@mayhew.org if you are interested in naming Mayhew as the owner of your insurance policy.
Retirement Plan Assests
Retirement accounts [including 401(k)s, 403(b)s, IRAs and Keoghs] if left to heirs may be subject to income and estate taxes. Naming Mayhew as a beneficiary of your plan limits this potential double taxation.
To name Mayhew as a beneficiary of your retirement plan, simply request a beneficiary change form from your plan’s administrator and indicate a percentage to be distributed to Mayhew upon your death.
Charitable Gift Annuity
• Guaranteed lifetime income
• Charitable income tax deduction
• Avoidance of capital gains tax
• Savings on gift and estate taxes
• Future support for Mayhew
Charitable Remainder Trusts
A Charitable Remainder Trust can be established with a gift of cash, securities, real estate, or other marketable assets. Managed by a trustee of your choice, the charitable remainder trust enables you to make a future contribution to Mayhew while you and/or your spouse receive lifetime annual payments.
The charitable remainder trust can be established to provide annual payments based on either the investment performance of the trust or a fixed amount determined when the trust is established. The type of trust you chose depends on your personal and financial goals.
When the trust terminates, the remainder value comes to Mayhew to be used for general charitable purposes or we can create an endowment fund for a specific purpose designated by you.
A minimum gift of $100,000 is advised to establish a charitable remainder trust.
Charitable Lead Trusts
The Charitable Lead Trust allows you to transfer assets to your heirs at a substantially reduced gift and estate tax cost while providing an income stream to Mayhew for a term of years.
As a lead trust donor, you irrevocably transfer assets — usually cash or securities — to a trustee of your choice. During the term of the trust, a fixed or variable income is paid to Mayhew for general charitable purposes or for a purpose you designate. At the end of the trust’s term, the assets are distributed to your heirs. Any appreciation of the trust assets over the trust term is not subject to gift or estate tax.
Typically, a lead trust is most effective when funded with a minimum gift of $500,000.
If you or your professional advisor have any questions about your charitable gift planning, please contact Jim Nute, Executive Director, at 603-744-6131 or jim@mayhew.org.
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