By providing for the Foundation in a will, a donor can make a substantial contribution without diminishing assets during one’s lifetime. Since bequests are deductible from an estate, there is also the potential for significant estate tax savings. Here is sample language for remembering the University of Maine 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 herein.
To establish the __________________Fund.
The principal is to be endowed and only the income, as established by the University of Maine Foundation Board of Directors, shall be used for _______________________.”
The University of Maine Foundation has professional giving officers ready to work with you and your advisors. We may be reached Monday-Friday between the hours of 8 am and 5 pm by calling 1.800.982.8503 or via email at email@example.com.
Donors who let us know they have provided for the University of Maine or its affiliated organizations by making a bequest or other form of planned or deferred gift of at least $10,000 become members of the Charles F. Allen Legacy Society.