To donate a remainder interest in your estate:
"After settling all just debts, expenses and other specific gift provisions, I give, bequeath and devise _______ percent of the rest, residue and remainder of my estate to the Montgomery College Foundation (Tax ID 52-126-7008), a charitable corporation presently having offices at 9221 Corporate Blvd., Rockville, MD 20850."
To donate a specific dollar amount or asset from your estate:
"I give, bequeath and devise $____________________ or ________________ (list specific asset or assets) to the Montgomery College Foundation (Tax ID 52-126-7008), a charitable corporation presently having offices at 9221 Corporate Blvd., Rockville, MD 20850."
In the case of beneficiary designations (life insurance, 401ks, etc.) please write "Montgomery College Foundation" where it requests the name of the beneficiary and "52-126-7008" where it requests the beneficiary's Social Security number.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.