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Why give to the Catholic Foundation of Maine?
- Through your gifts to the Catholic Foundation of Maine's endowments, you ensure the future support of the designated ministry, need, scholarship, and group. Endowments are perpetual, ever lasting evidence of the belief and commitment of many people, just like you.
Two Main Types of Giving
I. An outright gift or pledge
- Cash
- Stocks
- Appreciated Assets (Securities and mutual funds, real estate, insurance policies)
Your income deductions may be enhanced by giving the Catholic Foundation of Maine assets which you purchased at a lower cost than their current value. Your annual contributions have significant impact on the Foundation's support to all the designated beneficiaries of the endowments.
II. Future or Deferred Gifts (Planned Giving)
- Gifts by Will or Trust
You may always include the Catholic Foundation of Maine in your will or living trust. Leaving such a gift may well save tax dollars and be able to pass greater value to your family. Gifts to CFM are deductible for both state and federal estate taxes.
- Establish a Named Endowment Fund
It takes very little time to establish a named endowment with the Catholic Foundation. As the donor, you name the endowment fund you wish to create. Next, you determine the type of gift you want to open the fund with, and finally designate the purpose of your endowment fund. Named funds also include scholarship endowment funds.
- Give to an Existing Endowment Fund
You can also give to an existing fund at the Catholic Foundation through an outright or planned gift. Your gift of any size to any endowment is welcome.
- Establish a Donor Advised Fund To establish a donor advised fund, a minimum investment of cash, stock, or other assets (including a planned gift) of $10,000. is required. A fund agreement stipulating the way the fund will be administered will be filled out by the Foundation and you, and will govern the operation of the fund, in keeping with State and Federal laws, the IRS, and the policies of the Foundation.
- Name a Parish, School or the Catholic Foundation in Your Will
Through a bequest or other planned giving vehicle, you can establish an endowment fund or give to one that exists, benefitting a specific school, parish, church, congregation, ministry, or other need. A legacy gift is the ultimate act of stewardship.
- Giving to the Catholic Foundation of Maine Endowment Fund
When you give to the Catholic Foundation of Maine Endowment fund, you support the operation of the Foundation and help us fulfill our mission, forever.
The Catholic Foundation of Maine is a 501 c 3 public charity whose mission is to establish, steward and grow endowments as directed, providing opportunities to financially support ministries, organizations, other charities and non profits, schools, churches, parishes, missions, scholarships, vocations and more.
The execution of its primary purpose shall not prevent the Foundation from supporting religious, charitable, benevolent, and educational activities which are not sponsored or controlled by the Catholic Church, provided that such activities are conducted by organizations which qualify as tax-exempt under Section 501(c)(3) of the Internal Revenue Code and the activities and values of which are consistent with the teaching and discipline of the Catholic Church. Determination of acceptability of gifts, distributions of support and establishment of endowment funds will be made in keeping with the policies of the Board of Trustees as well as laws and accounting practices governing foundations.