Charitable Gift Annuities & Deferred Gift Annuities
With a gift annuity, you make a donation in cash, marketable securities or other assets and the University of Maine Foundation pays you a fixed amount for life. The remainder is endowed to support what means the most to you at UMaine.
Please fill the form below and we will send you a free, no-obligation illustration showing you the benefits of a gift annuity, including your potential income tax charitable deduction and our annual payments to you for life.
Charitable Gift Annuities
With a simple contractual agreement, a donor can establish an educational endowment fund benefiting a particular area of interest and receive a guaranteed lifetime income. With a gift, a donor receives guaranteed quarterly income payments for the rest of his or her life. Annuity rates vary and depend on the age and number of income recipients. Gifts of cash, securities, real estate or other appreciated property can be used to fund a gift annuity. There are no start-up fees, the donor qualifies for a substantial charitable tax deduction and capital gains taxes can be reduced and spread over a number of years.
Deferred Gift Annuities
By establishing a deferred gift annuity now and directing the quarterly payments to begin after one’s 65th birthday, a donor can enhance retirement income substantially and receive a larger charitable deduction.
Please note that the University of Maine Foundation is not authorized to offer charitable gift annuities in all states. To read more about state regulations of charitable gift annuities, please see https://www.acga-web.org/state-regulations.