If they need to use their assets themselves during their lifetimes, they can do so.
Bequests come from assets accumulated during lifetime, rather than from earned income.
The Federal Tax Identification Number for Paper Mill is 22-1550515. This might be particularly appropriate when the estate is distributing large amounts of money. For example, it might be prudent to establish a trust in the will which pays income to an heir for life or for a period of years, rather than simply giving him or her a large lump sum. When a gift to Paper Mill Playhouse is also part of the plan, the trust could take the form of a qualified Charitable Remainder Trust, thereby saving estate taxes. The entire amount passing to a qualified non-profit organization like Paper Mill is exempt from Federal and New Jersey Estate Taxes.