Invest in Our Future
An endowment gift to Mayo Clinic today can help us advance medical progress by supporting innovative programs in medical research and education. When you make a donation to Mayo Clinic's endowment, you provide a gift with both immediate and long-term benefits.
Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Mayo Clinic. The remaining funds are reinvested to ensure support in perpetuity.
An Example From Mayo
The gratitude of a patient who depended on Mayo Clinic for more than 40 years was expressed through one of the largest gifts ever received by Mayo Clinic. Barbara Woodward Lips left a bequest to Mayo Clinic of $127.9 million. The funds were placed in the Mayo Clinic endowment in support of Mayo's research and education programs aimed at achieving excellence in patient care.
Mrs. Lips was born in Oklahoma. In her early years she worked as a sales clerk in a department store and later as a secretary at a sawmill. She met Charles Storch Lips in the 1940s, and the couple married in 1949 at his home in San Antonio. The family had extensive oil, gas and ranching interests in Kansas and Texas. When Mr. Lips became ill, Mrs. Lips began learning the business. After the death of her husband in 1970, she expanded the family businesses.
Mrs. Lips was a Mayo patient for more than 40 years and made many significant gifts to Mayo during her lifetime, including $10,000 to have fresh flowers placed at all times in the Lips Atrium on Mayo's campus in Rochester, Minnesota. She believed that philanthropy is a way to "cultivate hope."
- Seek the advice of your financial or legal advisor.
- Contact Mayo Clinic Office of Gift Planning at email@example.com or 1-800-297-1185 to discuss endowed gifts.
- If you include Mayo Clinic in your plans, please use our legal name and federal tax ID.
Legal Name: Mayo Clinic
Address: 200 First Street SW, Rochester, MN 55905
Federal Tax ID Number: 41-6011702
Ensure Your Future Is Secure.Download our FREE Personal Estate Planning Kit
Get Your Free KitReady to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever.
Make a Distribution to Mayo Clinic Through Your Donor Advised Fund
If you have a donor advised fund with another provider, please consider making a distribution to Mayo Clinic or listing us a final beneficiary. You may request an immediate distribution utilizing the tool below.
Contact the Mayo Legacy
Jess Nelson LeMay
TML Phone: 1-844-330-5855
TML E-Mail: TheMayoLegacy@mayo.edu
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Mayo Clinic policies may impact gift acceptance, gift structure, and options available. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.