– Dr. Edward J. Benz, Jr. and Dr. Margaret A. Vettese
Gifts of Retirement Assets
Did you know, most retirement funds are highly taxed when transferred to others?
With a simple change of beneficiary form, you can designate MDI Biological Laboratory as a beneficiary of a percentage or dollar amount of your retirement assets. With this gift you can:
- Leave other, less heavily taxed assets to your loved ones
- Maintain maximum flexibility and change your beneficiaries at any time
- Take action without the expense of an attorney
- Support the critical research and education programs of MDIBL
IRA Qualified Charitable Distributions
If you are at least 70 ½ years old and have a traditional IRA, there’s a smart way to give to MDIBL. You can make a qualified charitable distribution (QCD), from your IRA that is 100% tax free, whether or not you itemize deductions on your tax return. Individuals age 70 ½ and older can distribute up to $100,000 each year from their IRAs to their favorite 501(c)(3) without counting the distribution as income.
To learn more about how to leave your legacy, please contact Jeri Bowers, Director of Development, at email@example.com or 207-288-3147.
MDI Biological Laboratory is a registered nonprofit organization incorporated in Maine with tax identification number 01-0202467 and located at 159 Old Bar Harbor Road, Salisbury Cove, Maine 04672
Please note that we are prohibited from giving legal or financial advice and none of the information above should be interpreted as such. We encourage you to consult with your own legal counsel or financial advisor before deciding whether or not to proceed with a gift.