Support Mayo Clinic's Work After Your Lifetime
Passionate about supporting Mayo Clinic even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name Mayo Clinic as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will — which makes this approach an easy way to give.
Not only is it an easy way to give, but it's also flexible — you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want. The process will forever tie your name to Mayo's mission of providing the best possible care to those in need.
Have you made a qualifying gift to Mayo Clinic? Let us know here.
Check Out This Potential Scenario
Robert and Carol treasure the financial help they've been able to give their children and Mayo Clinic over the years. Now that their kids are grown, Robert and Carol changed their estate plan so it could work harder for the people and causes they love. The couple updated their will to leave stocks and real estate to their kids. And they left us a $75,000 IRA to be transferred after their death. Because Mayo Clinic is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.