Graphic about individual retirement accounts

Ways to Use Your IRA for Good

Contribute Now – If you are 70 1/2 or older, you can make charitable gifts directly from your IRA and avoid paying taxes on these distributions. If you would like to support UMaine and save taxes on your RMDs, ask us or your IRA custodian about making qualified distributions from your IRA.

Give Later – Many UMaine supporters have named the University of Maine Foundation as a beneficiary of an IRA or other retirement plan. This is simple to do and can often be done online. It can also save significant taxes.

Annual Report 2023

Enrichment Through Philanthropy

What do you see when you think of the future of our University? At the Foundation, we see a campus flourishing with opportunity, achievement, and growth. Philanthropy is the cornerstone that enriches our campus with new potential and encourages our students to blossom into valued leaders in our communities and beyond. UMaine is nourished through scholarships, professorships, endowed funds, planned gifts, and endless other forms of donor generosity. The impact the University of Maine has around the world is because of dedicated Black Bear alumni, friends, and fans like you — your philanthropy fortifies and enriches this magnificent campus that bestows its greatness on so many.

$43.8m Record-breaking FY23 fundraising

Over 100% increase in annual fundraising since 2016

Endowment at a record- high $436,131,510

Entering our 90th year of service to UMaine donors

News

Reunion Logo

This fall we will be celebrating the University of Maine Classes of 1954, 1959, 1964, 1969, 1974, 1979, 1984, 1989, 1994, 1999, 2004, 2009, 2014, 2019, and Senior Alumni. Your gift might qualify for a match from the University of Maine Foundation!

Abby Cadorette

Abby Cadorette

Abby Cadorette, a Senior Ecology and Environmental Science major at UMaine, is grateful for the scholarships that have helped her during her time at UMaine. She explained that “[My scholarships] alleviated the stress of covering college costs, and has allowed me to...

read more
Ross Sousa

Ross Sousa

While working part-time on farms and in greenhouses, University of Maine senior Ross Sousa of Somerset, Massachusetts learned firsthand how disease can ruin crops. Memories of farmers’ plight, combined with a passion for plant pathology and finding more sustainable...

read more
Crispin Kamundala

Crispin Kamundala

Our student gratitude story this week features Crispin Kamundala, a 4th-year political science student with a double minor in legal studies and foreign affairs. He received the John M. Nickerson scholarship. The John Mitchell Nickerson University of Maine Memorial...

read more
Chanthu Millay

Chanthu Millay

Chanthu Millay’s art is raw and intimate: a technicolor self-portrait in painstaking detail, a metal sculpture comprised of pieces of her old prosthetic leg, a ceramic sculpture depicting the emotions she experienced as her family’s lone survivor of the violent Khmer...

read more

Gifts in Memory

Any gift you make may be in honor or in memory of someone. Specific people being honored with memorial gifts are listed on the gifts in memory page.

To set up memorial giving please visit the create a memorial giving opportunity page.

Legacies 2024 Cover
2022 Annual Report

Black Bear License plate voucher

Find out how you can get your first year with your State of Maine Black Bear license plate for free!

Maine Magazine Cover