Advisors Guide for Planned Giving
Gifts from Wills and Trusts:
When making a charitable gift to a nonprofit organization, it is vital that the charity's legal name, address and other identifying details be used. To name Mercy Foundation North in your will or trust, please use the following suggested language:
Residual Bequest Language
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to Mercy Foundation North, Redding, CA, (EIN 94-313-6799) all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).
Specific Bequest Language
You can also name Mercy Foundation North as a beneficiary of a specific amount from your estate:
I give and devise to Mercy Foundation North, Redding, CA, (EIN 94-3136799) the sum of $ _________________________ (or "____ shares of __________________ stock") to be used for its general support (or for the support of a specific fund or program).
Contingent Bequest Language
Mercy Foundation North can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert individual heir's name) is not living at the time of my demise, I give and devise Mercy Foundation North, Redding, CA, (EIN 94-3136799) the sum of $ ______________ (or "all" or " ___________ percentage of the residue of my estate") to be used for its general support (or for the support of a specific fund or program).
Gifts of Appreciated Securities
Please contact Mercy Foundation North at (530) 247-3424 for gifting instructions.
Beneficiary Gifts from Retirement Plans, Life Insurance, Brokerage Accounts, or any other plan with a Beneficiary Designation:
Please contact your plan provider for a change of beneficiary form. Once you have filled out the form, please send a copy to Mercy North Foundation at MFN@commonspirit.org
Legal name: Mercy Foundation North
Tax ID number: 94-3136799
Address: 2625 Edith Avenue, Suite E
Redding, CA 96001
Note to Attorneys, Accountants, and other Professional Advisors:
Thank you for helping your client with their charitable planning. As a professional advisor, you build your client relationships on trust and mutual respect. The same is true for our relationships with our friends and donors.
We understand that financial, philanthropic, and estate goals are unique to the individual. For this reason we welcome the opportunity to assist as you incorporate your clients' philanthropic objectives into wellcrafted estate plans. Furthermore, we encourage prospective donors to consult with their professional advisors before making decisions based on information we provide.
If you have any questions or concerns, please call (530) 247-3424 or email MFN@commonspirit.org.
Disclosure: This information is not intended as legal advice. For more specific advice, please consult your attorney or financial adviser.