UMaine Foundation Announces $100,000 Maine Day of Giving Gift

UMaine Foundation Announces $100,000 Maine Day of Giving Gift

Joe and Sue Cyr

University of Maine Foundation President Jeffery Mills announced the receipt of a $100,000 gift today to kick off the annual Maine Day of Giving event led by the Foundation. Donors Joe and Sue Cyr of Old Town have provided $50,000 to name a biomedical engineering prep lab in the Ferland Engineering Education and Design Center, $40,000 to support the MaineMBA program and up to $10,000 as a Maine Day of Giving matching challenge to support gifts to the Collins Center for the Arts. 

“Over the course of our lives, we have had the opportunity to observe the countless services, contributions and good deeds made by the University of Maine Foundation to the citizens, students and local community, and Maine as a whole,” said the Cyrs. “We believe these actions should be recognized, rewarded and encouraged.”

Maine Day of Giving was created in 2016. UMaine alumni and friends unite from wherever they happen to be and are invited to support an area they love at the College of Our Hearts Always as their way to participate in the traditional annual UMaine day of service

The annual Maine Day tradition was established in 1935 by University of Maine President Arthur Hauck. He stated that the day would help the campus, through work projects, become a more attractive place, foster the spirit of friendliness and cooperation, identified as the Maine spirit and strengthen loyalty among people and to the University.

“The gift from the Cyrs exemplifies the Maine spirit fostered by President Hauck. Each area receiving support has a large impact on the greater community,” said Mills. “We are very grateful to Joe and Sue for this generous gesture and gifts they have provided previously.”

The engineering center and the MaineMBA program contributions will help UMaine to meet the matching requirements of the recently announced Harold Alfond Foundation grants.

“Support for UMaine engineering and MaineMBA is an investment in the state and its workforce, and aligns with our UMS TRANSFORMS initiative made possible by the Harold Alfond Foundation,” said UMaine President Joan Ferrini-Mundy. “Joe and Sue Cyr are community leaders who have long been partners in helping UMaine advance its mission. We appreciate their vision and are grateful for their ongoing support.”

Interim MaineMBA Dean Faye Gilbert and College of Engineering Dean Dana Humphrey agree that gifts like these are critical to moving their programs forward and attaining the matching requirements of the Harold Alfond Foundation grants. They acknowledge that projects of this magnitude rely on the generosity of UMaine alumni and friends like the Cyrs. 

The Collins Center for the Arts will use the funds to encourage others to support the center by matching their Maine Day of Giving donations with the Cyr gift. CCA has been closed to public performances for over a year, and has been functioning as a classroom and COVID testing facility to support the campus community during the pandemic. 

Collins Center for the Arts Executive Director Danny Williams was very pleased to receive the Maine Day of Giving opportunity, “We are so very grateful to Joe and Sue for their generosity. Like the CCA itself, they have always been about community support and engagement. A gift of this magnitude is always something to be celebrated, but given the additional challenges the performing arts community has faced this past year, we are even more grateful for their generosity and support,” he said.

In 2020, the Maine Day of Giving effort was pivoted to fundraise for the Student Crisis Fund. Over $271,000 was raised to help students in need as a result of the pandemic. With this gift, the 2021 Maine Day of Giving is off to a great start to help raise money to support all areas across campus.

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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Giving Supports Student Leaders in Cohen Institute

Giving Supports Student Leaders in Cohen Institute

Abby Despres

The William S. Cohen Institute for Leadership & Public Service at the University of Maine has received over $110,000 in gifts since the start of the fiscal year from alumni, parents and friends of UMaine.

“These investments in the Cohen Institute ensure that we will continue to be able to develop innovative opportunities for the next generation of leaders at UMaine,” said Rich Powell, professor and director of the Cohen Institute for Leadership & Public Service, and UMaine’s 2020 Distinguished Maine Professor. “Whether down in our nation’s capital or right here in Orono, Cohen Institute students are developing hands-on, advanced leadership skills for the 21st century — a time of dramatic, unpredictable change.”

“In leadership courses offered by professors Powell and (Peter) Madigan, and as a Congressional intern my sophomore spring, I was challenged to develop a new perspective that drove me toward opportunities I’m not sure I would have found anywhere else,” said Abby Despres, a senior political science major minoring in French, legal studies and international affairs, who participated in multiple classes and programs offered by the Cohen Institute. Despres, who is from Fayette, serves as the student representative on the University of Maine System Board of Trustees.

The Cohen Institute models, promotes and teaches leadership and public service through programs that reflect and honor the rich legacy of Secretary Cohen’s public service. It trains future generations who are destined for leadership roles in a variety of disciplines to be ethical, visionary, innovative, civil, thoughtful and independent-minded in the service of Maine, the United States and the world. The Cohen Institute sponsors UMaine’s interdisciplinary leadership studies minor, which launched in 2014 and now enrolls nearly 100 students, with about 500 students annually taking at least one course in the program.

In 2016, the Cohen Institute began its highly competitive Washington, D.C. Leadership Institute Travel Course. The course, which rivals those found at the nation’s most elite universities, offers an immersive experience for about 15 students each year to develop hands-on, advanced leadership skills by taking advantage of the unique opportunities available in the nation’s capital to meet and learn from notable leaders in government, the military, business, nonprofit organizations, athletics, education and the arts.

In 2019, the Cohen Institute launched its inaugural High School Leadership Program. The program immersed 20 rising high school seniors, including at least one student from each of Maine’s 16 counties, in both the theory and practice of leadership. The program welcomes numerous high-profile leaders from a wide range of fields to share their practical insights on leadership and public service, including Secretary Cohen, Sen. Susan Collins, UMaine President Joan Ferrini-Mundy, author and speechwriter Mark Salter, and coaches from UMaine athletics teams. Postponed in 2020 due to the COVID-19 pandemic, it will hopefully resume in Orono in summer 2021.

Since 1998, the signature program of the Cohen Institute has been the biannual Cohen Lecture that has welcomed leaders to campus from the highest levels of public service for lectures open to the public. Past speakers have included senior cabinet secretaries, heads of state and nationally known journalists. The most recent Cohen Lecture, in fall 2019, featured a conversation between Secretary Cohen and his special guest, John Kerry, former Secretary of State and 2004 Democratic nominee for president.

“Whether as an alum, a donor, or getting to know and help students as their professor, I am continually impressed and inspired to be affiliated with this great program. It’s a gem for UMaine, whose impact I’ve seen continued to grow,” says Madigan ’81, Cohen Institute Board of Advisors chair and adjunct professor for the Cohen Institute.

Due to the designations of the gifts, the majority of the funds will be made available immediately to help students while a portion supports the Institute’s endowment to provide ongoing support.

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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UMaine pursues transformative $110 million athletic facilities plan

UMaine pursues transformative $110 million athletic facilities plan

The University of Maine has unveiled its transformative $110 million athletic facilities master plan. The initiative honors Harold Alfond’s legacy of support for Maine education and athletics by providing modern facilities for all 17 varsity programs at Maine’s only Division I athletic program, and improving the overall UMaine student experience.

In October, the Harold Alfond Foundation announced an historic $500 million investment in Maine and its people. The University of Maine System is to receive $240 million over 10–12 years, including $90 million in support for UMaine’s $110 million Athletics Facilities Master Plan.

Read more.

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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Installation of final beam, time capsule highlight UMaine Ferland Engineering Education and Design Center ceremony

Installation of final beam, time capsule highlight UMaine Ferland Engineering Education and Design Center ceremony

The University of Maine will celebrate the placement of the last beam atop the structural steel frame of the new Ferland Engineering Education and Design Center during a virtual Topping Off Ceremony. 

The livestreamed ceremony, a tradition in building construction, is tentatively scheduled for 1 p.m. Friday, Feb. 12, pending weather conditions and the construction schedule. Confirmation of the event date will be available on the University of Maine Foundation website.

Earlier this month, Consigli Construction made the painted beam available on campus for members of the UMaine community to sign in person, following all health and safety protocols. In addition, a virtual beam signing is online.

A time capsule welded to the beam will include messages, as well as a Crosby Clip. Patented by Dexter, Maine native and UMaine mechanical engineering alumnus Oliver Crosby, Class of 1876, the Crosby Clip is still in use today as an essential tool in steel construction. The Crosby Clip will be used to hoist the beam into place during the Topping Off Ceremony. Oliver Crosby’s company, American Hoist & Derrick, made the world’s first crawler mounted crane, like the one being used to lift the beam.

Construction of UMaine’s 108,000-square-foot engineering facility began in May 2020, with workers following appropriate COVID-19 health and safety guidelines. 

“This is a fantastic milestone for the UMaine community and the state,” says UMaine President Joan Ferrini-Mundy. “When the Ferland Center is dedicated in August 2022, it will provide amazing opportunities for collaborative, cross-discipline learning, and the creation of practical innovations by our students and faculty, such as those patented by alumnus Oliver Crosby. This Engineering Education and Design Center will be key to helping meet Maine’s workforce and economic needs. And we will have a beautiful facility to help attract diverse and innovative students from Maine and beyond.”

Read more.

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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Charitable gift annuities are a win-win for Betty Brown Calkins ’50, ’57G

Charitable gift annuities are a win-win for Betty Brown Calkins ’50, ’57G

Betty Brown Calkins and her late husband Jay recognized that a charitable gift annuity could be a “win-win” for their financial planning and for the students they someday hoped to help. “With a charitable gift annuity, you are really helping the University, even though you are receiving something back,” said Betty.

Betty and Jay grew up in Maine and worked as teachers and school administrators in Maine and other states before retiring in Maine. They called the gift planning staff at the University of Maine Foundation in 2002. “Our planned giving officer provided a lot of information and laid it out in a way that made it easy to understand,” Betty shares. “The calculations were easy, and we liked that the models showed us the exact benefits we would receive from the charitable gift annuity. It’s very simple—we just had to write a check!”

“We learned that if we made a donation with a charitable gift annuity, we could get a tax benefit and income from our gift for the rest of our lives. It made so much sense to us for the tax advantages, as well as to support graduate mechanical engineering and education students, that we ended up creating five charitable gift annuities over thirteen years.” Betty says.

Charitable gift annuities are appealing to many for their immediate benefits. Donors have a chance to make an impact on their community by donating to a charity, while receiving immediate tax advantages. In addition, donors receive a guaranteed income stream for life, and the return is generally much higher than interest rates on CDs or bonds. Therefore, the actual cost of a gift is significantly less, dependent on each individual’s tax situation.

“I don’t see any disadvantage to creating a charitable gift annuity,” Betty says. “Even if we had passed away before we were able to receive many of the annuity payments, that’s okay, because the main thing was for the Foundation to receive the money they need to continue their good work in helping students for the future.”

 

A charitable gift annuity is a simple way to support the future of the University of Maine and to enhance your financial security at the same time. The University of Maine Foundation is not able to offer gift annuities in all states because of registration requirements, but in most states:

Here’s how it commonly works:

  • You make a gift of cash and/or appreciated stock to the University of Maine Foundation to fund a charitable gift annuity for the benefit of the University of Maine.
  • Fixed payments will then be made to you for life and, if desired, for the life of a loved one such as a spouse, partner or sibling.
  • The amount of the fixed payments will depend on the annuity rate for the age of the person(s) who will receive the payments.
  • The gift portion of the annuity will become endowed at the University of Maine Foundation only after the annuity ends with the distributions used for the purpose you choose.

Benefits:

  • If you itemize deductions on your federal income tax return, you can claim an immediate charitable tax deduction for a portion of your gift.
  • You will receive fixed payments for life, a portion of which are nontaxable for a period of time.
  • You will have the satisfaction of knowing that you have made a meaningful gift to support the University of Maine in perpetuity.

Contact us for more information and if you would like to know if the Foundation could offer a gift annuity in your state.

  

 

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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William and Harriet Currie: Providing for UMaine’s Future

William and Harriet Currie: Providing for UMaine’s Future

William D. Currie, fondly known as Bill, was always full of hope for the future. Bill also planned for the future of a place that was near and dear to his heart: Buchanan Alumni House. In 2013 in his role as Co-President of the Class of 1952 Bill facilitated the creation of the Class of 1952 Buchanan Alumni House Fund, a permanently endowed fund at the University of Maine Foundation that provides financial assistance for the operation and maintenance of the Robert D. Buchanan Alumni House facility.

Bill and his wife, Harriett, spent a lot of time at the place he considered the home of Black Bear alumni. They enjoyed attending Reunions, Class of 1952 meetings, and visiting their friends at the University of Maine Foundation and Alumni Association, both of which are fortunate to have Buchanan Alumni House as their home.

During Bill’s lifetime, he and Harriett consistently donated to the Class of 1952 Buchanan Alumni House Fund. In Black Bear spirit, he asked many of his classmates to do the same. Bill wanted his legacy of exemplary leadership and extensive service to the University of Maine as a proud alumnus to live in perpetuity, so he decided to name the University of Maine Foundation as a beneficiary of an employer-sponsored life insurance policy to benefit the Class of 1952 Buchanan Alumni House Fund.

Bill’s remarkable leadership and service as a Black Bear alumnus were recognized with several alumni achievement awards, including the Block “M” Award (1997), Black Bear Award (2002), Golden “M” Award (2002), and the Pine Tree Emblem Alumni Service Award (2011). Bill was grateful for his UMaine undergraduate experience, which he believed gave him a strong foundation for his success in life – both professionally and personally. Bill was also fortunate to meet his classmate Harriett, and the Bear Pair built a wonderful life together. Sadly, Bill and Harriett both passed away in 2020. They will be missed dearly by all who were fortunate to be part of their Black Bear family.

None of the information on this website should be considered legal or financial advice. We encourage you to consult with your own legal counsel or financial/tax advisor before deciding whether or not to proceed with a gift or change to your estate plan.

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