Mayhew offers a variety of planned giving options to individuals who would like to support our mission.
Including a charitable bequest in your estate plans is a simple way to make a lasting gift to Mayhew.
The most common and useful gift is an unrestricted bequest for the general charitable purposes of the Mayhew Program. This allows Mayhew to use your gift wherever it is most needed. However, if there is a particular purpose you wish to support, we would be happy to help ensure that your gift is directed effectively.
• 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.
Our suggested language for making a bequest is as follows:
“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.”
An insurance policy can be used to make a significant gift to Mayhew and provide a variety of tax benefits. Transferring ownership of a policy provides you with an immediate tax deduction, while naming Mayhew as a partial or sole beneficiary may result in an estate tax deduction.
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 Lisa M. Clark, Development Director, at 603-744-6131 or email@example.com if you are interested in naming Mayhew as the owner of your insurance policy.
Retirement Plan Assets
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
A charitable gift annuity offers a tax-advantaged way to provide you with annual income and make a future gift to Mayhew.
• Guaranteed lifetime income
• Charitable income tax deduction
• Avoidance of capital gains tax
• Savings on gift and estate taxes
• Future support for Mayhew
A charitable gift annuity can be established with a gift of cash or publicly-traded securities. Our administrative partner accepts minimum gifts of $50,000 to establish a gift annuity.
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.