Maine Children's Home (MCH) has been the recipient of a number of very supportive planned gifts throughout its history. Planned gifts can help provide on-going resources that will create opportunities for the children and families we serve and preserve the future of Maine Children’s Home. A planned gift to our agency also allows you to leave a legacy with lasting, positive impact that can continue far into the future. You can also feel assured by our consecutive-year 4-Star Charity Rating from Charity Navigator!
There are many options from which you can choose, from bequests and trusts to gifts of retirement benefits. Determining what gift is right for you is just as important as making the gift. We encourage you to speak with your financial advisor, accountant, and/or attorney to explore which options will best meet your family and giving goals. Contact us today to learn more about how your meaningful charitable gift will help change lives for generations to come.
Here are some avenues of giving that you might consider (please consult your financial professional!)
| HOW TO GIVE |
HOW IT WORKS |
POSSIBLE BENEFITS |
|---|
| Bequest |
- Designate MCH as beneficiary of your will, trust, or other financial instrument
|
- Estate tax charitable deduction
- Lifelong use and ownership of property
|
| Appreciated Securities |
- Public traded Appreciated Securities that a donor has owned for more than one year can be transferred to MCH
- MCH sells the securities and keeps the proceeds, which can be applied to whatever purpose the donor designates
|
- Charitable tax deduction based on the fair market value of the securities
- Favorable capital gains impact
- Easy process for donor and MCH
|
| Life Insurance |
- 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
|
| Real Estate |
- 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
|
Qualified Charitable Distribution of IRA
(IRA Rollover) |
- IRA holders aged 70.5 or older who make a contribution directly from a traditional IRA to MCH can donate up to $100,000 without it being considered a taxable distribution (must "rollover" funds directly to MCH)
|
- 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
|
| Retirement Plans |
Name MCH as beneficiary of a portion or all of IRA, 401(k), or other Retirement Plans |
- When estate is settled, designated amount passes to MCH
- No income and estate tax impact on heirs
|
| Charitable Gift Annuities |
- 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
|
| Charitable Remainder Trust |
- 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
|
| Charitable Lead Trust |
- 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
|
| Life Estate Reserved |
- 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
|
Set up an appointment to discuss your goals and to invest in the future of the Maine Children's Home mission by calling us at 207-873-4253.
If you have already decided to include MCH in your legacy giving plans, please let us know by filling out this form, and sending it in (email or postal service, Attn: Development)
Maine Children's Home | 93 Silver Street | Waterville, ME 04901