Charitable Gift Annuities & Deferred Gift Annuities

We have exciting news! The American Council on Gift Annuities has increased the charitable gift annuity rates which have been in effect since 2012.

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.

Contact us to begin!

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 can be offered for one or two people and range from 2% to 9%, depending 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.

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 umainefoundation@maine.edu.

American Council on Gift Annuities

The American Council on Gift Annuities (ACGA) is a qualified nonprofit organization formed in 1927 as the Committee on Gift Annuities for the purpose of providing educational and other services to American charities regarding gift annuities and other forms of planned gifts.