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 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 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 a worksheet to help you get started.
Already Have a Will/Trust?
Perhaps you already have a will or trust, but would like to add a gift to benefit the University of Maine to it. Your attorney may be able to help you make this change without having to change other parts of your planning documents by preparing a codicil.
If you have already included support from the University of Maine in your will or trust, thank you! 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 Soceity.
Inspiration for Giving
On August 6, 2020 Agnes Ann Walsh ’41 will celebrate her 100th birthday. The University of Maine has been in existence for 154 years, and Agnes A. Walsh ’41 has been a proud Black Bear for more than half that time. Since her graduation in 1941, at...
A lifetime of investing leads to a significant legacyMarguerite Picard lived a very simple life and was a very astute investor. When she passed in 2016 at the age of 100, her estate plans included significant gifts to several organizations which...