Benefits:
- Reduces taxes upon death
- Easily executed with a beneficiary designation form
- Supports Marymount Manhattan for years to come
Did you know that you can support MMC's important educational mission by naming Marymount Manhattan as the partial or sole beneficiary of your IRA, 401(K), 403(B) or other retirement assets?
Why use retirement assets to make a gift?
Since retirement plan assets may be subject to both income and estate taxes if left to heirs, estate planners often recommend that you designate all or a portion of the assets to a charitable organization like MMC. By leaving such assets to MMC, you can pass other assets to your heirs which may lower the tax burden.
How can I name Marymount Manhattan College as a beneficiary?
You should request a "change of beneficiary" form from your retirement plan administrator. On this form you can name MMC as sole or partial beneficiary, or you can name the College as a contingent beneficiary in case you are predeceased by your immediate beneficiary.
On the form list us as:
Marymount Manhattan College
221 East 71st Street
New York, NY 10021
Tax ID # 13-1628206
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