By making a planned gift to Tecnologico de Monterrey Foundation, you have the power to leave a meaningful philanthropic legacy that goes beyond your lifetime and amplifies your impact. With a legacy gift, you may also have the capacity to give at a level not possible during your lifetime.
Legacy gifts might include Bequests, Retirement and Investment Accounts, Charitable Remainder or Lead Trusts, and/or Beneficiary Designations, such as Life Insurance Policies.
Are you considering a legacy gift, or would you like to let us know about your existing plans for a legacy gift to Tec Foundation?
Please complete our non-binding intent form
Include a gift to Tecnologico de Monterrey Foundation in your estate plans through your will or living trust. You may indicate a specific amount, a percentage of the balance remaining in your estate or trust, or even a specific asset, such as securities or other marketable property.
Information you may need for making a bequest to Tecnologico de Monterrey Foundation.
Organization’s Legal Name: Tecnologico de Monterrey Foundation Mail Address: 13020 SW 133rd Ct, Miami, FL 33186 Tax ID#: 26-1857750.
The Foundation is a Texas nonprofit corporation Please consult with your financial and legal advisors for specific language to include in your estate documentation.
You can leverage your retirement assets to benefit you and your family, and support Tecnologico de Monterrey Foundation far into the future. Because retirement assets are subject to both income and estate tax, they are often considered among the best assets to leave to charity.
As a charity, Tec de Monterrey would not pay taxes on these assets and would have full use of them. Name Tecnologico de Monterrey Foundation as a beneficiary of your 401(k), 403(b), or other qualified retirement plan. Pass the balance of your retirement assets to Tec de Monterrey by contacting your plan administrator.
Important! Tell Tec de Monterrey about your gift, so we can document and acknowledge it properly. Your plan administrator is not obligated to notify us.
The IRA Charitable Rollover provides you with an excellent opportunity to make a gift during your lifetime from an asset that would be subject to multiple levels of taxation if it remained in your taxable estate.
To qualify:
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You must be age 70½ or older at the time of gift
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Transfers must be made directly from a traditional IRA account by your IRA administrator to Tecnologico de Monterrey Foundation. Funds that are withdrawn by you and then contributed do NOT qualify. Gifts from 401k, 403b, SEP and other plans do not qualify.
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Gifts must be outright. Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities do not qualify.
Benefits – Qualified Charitable Distributions:
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Can total up to $100,000.
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Are not included in your gross income for federal income tax purposes on your IRS Form 1040 (no charitable deduction is available, however).
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Count towards your required minimum distribution for the year from your IRA
Charitable Remainder or Charitable Lead Trusts allow you to make a significant gift toward the future of Tec de Monterrey while safeguarding assets or providing an income for yourself and family or friends.
Please consult your financial and legal advisors for more information, or call Tec de Monterrey at 917-865-3532
If you have a life insurance policy that is no longer needed for your family, designating Tecnologico de Monterrey Foundation as a beneficiary offers a simple way to support our work. You transfer ownership of a paid-up life insurance policy to Tec de Monterrey, which elects to cash in the policy now or hold it.
You receive an income tax deduction equal to the cash surrender value of the policy.
Please consult your financial and legal advisors for more information, or call Tec de Monterrey at 917-865-3532.