Planned Giving

Donors may transfer publicly traded appreciated securities to Maine Children's Home, which offers favorable capital gains impact for the donor. Securities are then sold upon transfer with all proceeds benefiting Maine Children's Home. Charitable tax deductions are based on the fair market value of the securities. 

How to give stock / appreciated securities: 

• Plan in advance for the transfer to occur during the tax year, as institutions could be closed on December 31.

• Electronic Transfer Instructions:

  Contact: Julie Shephard, Bangor Savings Bank 

  o: 207.248-4204 | fax: 207.941.2726 | Julie.Shephard@bangor.com

  • DTCC Instructions –

    Participant ID: 2663

    Agent Bank ID: 78914

    Institution ID: *78914 (Used only by Non-ID participants)

    Agent Internal Account: 90440D

    Interested Party: 64728 (**)

    Interested Party Account: Maine Children’s Home IMA #610220014

*THIRD PARTY INSTITUTION ID PREVAILS WHERE THIRD PARTY AFFIRMATIONS ARE IN EFFECT

**DO NOT USE IF THE BROKER ACCOUNT IS NOT DESIGNATED FOR ONE CLIENT ACCOUNT AND ONE CLIENT ACCOUNT ONLY

• Charitable tax deduction based on the fair market value of the securities
• Favorable capital gains impact
• Easy process for donor and MCH

• Donors who have established donor-advised funds can easily recommend gifts to Maine Children's Home and/or name Maine Children's Home as a beneficiary of the donor-advised fund.

• DAF gifts to Maine Children's Home are not considered tax deductible, as the tax deduction was already given to the donor when the funds were deposited into the DAF itself. 

• Note that by law, DAF gifts may not cover any portion of event tickets or tables, auction items, or any payment which also provides goods or services to the donor. 

How to recommend a DAF gift: 

• Contact your DAF administrator or log in to its online portal. You will need the following information: 

  • Your desired gift amount

  • The Maine Children's Home address and EIN:
     93 Silver Street, Waterville ME 04901; EIN 01-0267392

• Please inform Maine Children's Home if you are recommending a gift from a DAF.  Sometimes DAF gifts arrive without contact information for the original donor. We want to appropriately thank you and let you know the gift arrived!

• Designate MCH as beneficiary of your will, trust, or other financial instrument

• Estate tax charitable deduction
• Lifelong use and ownership of property

• Designate MCH as your Life Insurance policy beneficiary
• When the time comes, MCH receives proceeds

• Donor can provide a large gift to benefit MCH
• Policy proceeds distributed to MCH are exempt from estate tax for heirs

• Transfer Real Estate to MCH
• MCH can sell property or keep property for use of the organization

• Removes large taxable asset from estate
• Charitable tax deduction equal to appraised fair market value of property
• No capital gains tax due on transfer

IRA holders aged 70.5 or older may make qualified charitable donations (QCDs) of up to $100,000 directly from a traditional IRA to a nonprofit 501(c)3 like Maine Children's Home

• QCDs of up to $100,000 are not considered a taxable distribution. 

• QCDs effectively lower your adjusted gross income (AGI) for the year. 

• QCDs can also help meet all or part of the IRA's required minimum distribution (RMD) for the year.

How to give from your IRA:

1. Contact your IRA Administrator and arrange for them to send a check directly to Maine Children's Home from your IRA. (To count as a QCD, you cannot personally withdraw from your IRA and then send a personal check.) You will need the following information:

   • Your desired gift amount

   • The Maine Children's Home address and EIN:

     93 Silver Street, Waterville ME 04901; EIN 01-0267392

2. Plan in advance if you need the gift to count for this calendar year's taxes and/or RMD. The check from the IRA must be postmarked by December 31.

3. Please inform Maine Children's Home if you are making a gift from your IRA. The check from the IRA could arrive without fully identifying you as the donor, and we want to appropriately thank you and issue an acknowledgement for your records! 

• The deduction effectively lowers your adjusted gross income (AGI)
• The donation can also help meet all or part of the IRA's required minimum distribution (RMD) for the year

• When estate is settled, designated amount passes to MCH
• No income and estate tax impact on heirs

• Transfer cash or property to MCH
• Fixed income is paid to designee for life

• Charitable tax deduction
• Fixed income to designee
• Favorable capital gains impact possible

• Transfer cash or appreciated property to fund MCH
• Trust sells property tax-free and provides income for life, or specific term of year

• Charitable tax deduction
• Income for life or specific term of years
• Possible income growth
• Favorable capital gains impact

• Transfer cash or property to a lead trust, designated a gift to MCH for a period of years
• Family receives remainder with tax savings

• Charitable tax deduction at inception
• Gift or estate tax deduction
• Asset and appreciation pass to family

• MCH accepts gift of lien-free home or farm
• You retain use of property for life

• Tax deduction for remainder of value
• Preserve lifetime use of property