Gifts through a Will or Trust (Bequest)
By providing for the Foundation in a will, a donor can make a substantial contribution without diminishing assets during one’s lifetime. Since charitable bequests are deductible from an estate, there is also the potential for significant estate tax savings.
Creating a Will or Trust
If you are in the process of creating a will or trust and would like to include a gift to support the University of Maine, thank you! We would be happy to help with suggested language and fund descriptions to document how you would like your gift to be used.
Sample language for remembering the University of Maine Foundation in a will or trust
“I give and bequeath to the UNIVERSITY OF MAINE FOUNDATION for the benefit of the University of Maine, Orono, Maine (possible choices follow):
- the sum of $______________; or
- ____________ percent of my estate; or
- the property [described here]
to establish the __________________Fund. The principal is to be endowed and only the distributions, as established by the University of Maine Foundation Board of Directors, shall be used for _______________________.”
The Foundation’s Tax Identification Number is 01-6011501.
Having Trouble Getting Started?
Do you need to draft your first will or update your revocable living trust? We’ve created our Estate Planning Guide to help you get started. Of course, please feel free to contact us. We are happy to help.
Let us thank you
Including the University of Maine or its affiliated organizations in your estate plans entitles you to membership in the university's Charles F. Allen Legacy Society. Your gift need not be irrevocable and we understand that situations change. It is your current expression of commitment to the university that is important. Charles F. Allen Legacy Society members receive a membership certificate recognizing their intentions and a lapel pin. Members are also listed in the Society's Annual Report and are honored periodically at special events.
If you have already included a gift for the University of Maine in your estate plans or you intend to, please let us know. We would like to thank you for your generosity, ensure that we understand the purpose of your gift, and recognize you as a member of the Charles F. Allen Legacy Society.
Learn how loyal benefactors Dan ’63 and Betty Churchill maximized their bequest to the University of Maine.
See how Marguerite Picard ’38 planned ahead for her gift to UMaine.
Lee Gagnon ’59 provided for the Fogler library through a legacy gift.
See how Sylvio Normandeau created a legacy through estate giving.
$2 million planned gifts from UMaine alumnus will enhance Fogler Library digital resources and Maine Business School scholarships.
Request more information - Bequests
Nothing on this site is intended as legal, financial, or tax advice. We encourage you to consult with your attorney, financial professional, and/or tax advisor in your estate planning and charitable giving.
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