Cash or Check |
A quick and easy way to help support many worthy funds or create a new one. Please call us for details on creating a new fund. To send a check, please mail it to:
Catholic Foundation of Maine
P.O. Box 799 Portland, ME 04104
Mail your check, along with a note or notation on the check indicating which endowment fund you wish to donate to.
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Stock Shares and other Securities |
Investment securities include stock shares, bonds, mutual fund shares, and other types of investments and are often a great alternative to cash as a charitable gift. A charitable gift of a security that has risen in value may avoid capital gain tax liability, in addition to the income tax deduction. A security may be used to set up a charitable gift arrangement that provides income back to you. Please contact the Executive Director at (207) 321-7820 for the up to date stock instructions. |
Estate Bequest through your written will or trust |
Make a bequest through the Foundation and help almost any Church ministry or other charitable organization. We’ll manage endowment funds that benefit one or more organizations or charitable purposes for the long-term and make sure that your gift is used the way you intended. Setting up a bequest is straightforward. Tell your attorney to add a statement in your Will that you would like to give a certain amount, percentage, specific asset, or whatever is left over to the Catholic Foundation of Maine. A written indication from you regarding which specific fund or purpose you would like to support completes the process. We’ll send a written acknowledgment back to you for your records. Drawing up your will is fairly easy and inexpensive and will allow you to provide for your loved ones the way you want, rather than have the courts determine who gets what. Tell us about your charitable estate plans and allow us to make sure that your wishes are carried out precisely." Multiply the value of your charitable gift by becoming a member of our legacy society and giving others an example to follow. (You always have the option of changing your estate plans, and we will NEVER treat your estate plan as a guarantee of a gift.) Tell us about your plans and help your designated charity plan effectively; other donors and creditors often base their own decisions on knowing if a charitable organization is getting support from people like you. Contact us for sample bequest/trust language. |
Gifts of Retirement Assets |
Tax-qualified retirement plans and IRAs can be wonderful tools for accumulating savings for retirement. There are some items to consider, however:
Retirement plan assets may be particularly useful for charitable giving.
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Gifts of Life Insurance |
There are two ways to use life insurance to make a charitable gift:
Life insurance can be an attractive way to give charitably:
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Gifts that provide income to the donor or someone else |
Certain arrangements for charitable giving allow you or someone else to receive a regular payment of income during your/their lifetime. These types of giving arrangements can make charitable giving a lot easier:
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Small business interests or closely held shares |
A gift of closely-held stock is a great opportunity to generate charitable and tax benefits from one of your primary assets. It often requires that the organization receiving the gift understand and cooperate with the donor to ensure the best outcome. The Foundation is a good partner for charitable gifts of closely-held stock:
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Gifts of real estate and future gifts that earn income tax deductions now |
A charitable gift of real estate is an opportunity to make a big impact with an asset that may otherwise be a burden. There are also special tax-saving opportunities. Benefits of giving real estate:
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Gifts that reduce gift tax and estate-tax on transfers to heirs |
A “charitable lead trust” gives you an opportunity to reduce the gift- and estate-taxes that may be due for a transfer to one or more heirs. A “charitable lead trust” may be a true win-win opportunity for many people:
When interest rates are low, the charitable deduction on gift taxes can be even more attractive. |