A Smart Way to Leave a Gift to Mayo Clinic

Like retirement plan assets, commercial annuities provide for tax-deferred growth while the owner is living. Because distributions from commercial annuities are subject to income taxes, they are often considered among the best assets to leave to charity. Due to our tax-exempt status, Mayo Clinic can receive your commercial annuity completely tax-free. The best way to give a commercial annuity in support of our work after your lifetime is to name us as beneficiary.

Making this gift is as simple as updating your beneficiary form with your bank or insurance company. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary does not survive you.

Learn How to Fund It

Get Your Free Guide

You can make a big difference with just a little effort by including a gift to benefit Mayo Clinic your will or living trust. Learn more in our free kit Transforming Care With a Gift to Mayo Clinic.

Learn More

Not Sure How to Begin Planning?

This comprehensive estate planning kit will help you protect loved ones, organize everything in on place and save on taxes.

Download My Kit

Next Steps

  1. Contact the Mayo Clinic Office of Gift Planning at 800-297-1185 or giftplanning@mayo.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. 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