Commit Today and Give in the Future:
Through your will or living trust, you can designate a specific percentage, dollar amount or item to be donated to Maine Cancer Foundation. You can also designate that after other specific bequests have been filled, the remainder be directed to the Foundation. Download a sample bequest provision.
You can name Maine Cancer Foundation as a beneficiary, or owner and beneficiary, of a life insurance policy. You can change the owner and/or beneficiary designation of an existing policy or purchase a new policy with such designations.
Retirement Plan Assets
Retirement plan assets are subject to income taxes during your lifetime and upon your death. If you leave retirement assets to a non-spouse beneficiary, they may be subject to both income and estate taxes. Many people prefer to avoid this double taxation by directing retirement plan assets as a gift to charity, in which case the gift is fully tax deductible from the estate as a charitable gift. Other assets can be left to family members that are not subject to income taxes when received
Give a Gift That Returns an Income to You:
Charitable Gift Annuity
A charitable gift annuity is a simple contract between you and the Maine Cancer Foundation. In exchange for your gift of cash, real estate, stocks or bonds, the foundation will pay a fixed income to the named beneficiaries for their lifetime. You receive an immediate charitable income tax deduction.
A deferred gift annuity allows you to delay receiving fixed income payments to a future date while receiving an immediate charitable income tax deduction. Deferring the payments increases the payout rate, thereby providing higher annuity payments. Additionally, a portion of the income payments are considered a nontaxable return on investment and not subject to income tax.
Planned giving is a major decision. We welcome the opportunity to talk with you about your goals and how Maine Cancer Foundation might be part of your decision. Please call us and we’ll be glad to provide the information you need.
Contact us at [email protected] or call 207-773-2533