Ways to Give
There are many options when it comes to giving to an endowment fund. Finding the one that works best for you and the organization is important. The following are some of the most common ways to give:
Remembering Downeast Horizons Foundation (DEHF) in your Will is one of the easiest ways to give. Such a gift may be for a specific amount or a percentage of your estate’s value.
Life Insurance and Retirement Assets
Transfer of a life insurance policy can provide an income tax deduction while creating a significant gift, either of the present cash value or the eventual death benefit proceeds. DEHF also accepts gifts from retirement plans including IRA’s, 401(k)’s, and 403(b)’s. Please see our representatives for more information on how this works.
Establishing a Charitable Remainder Trust allows the donor to receive a life time income stream for themselves or a family member. The principal of the trust can be designated for an endowment fund. There are many tax benefits to giving this way.
For older donors, a gift of cash, securities, or other assets to a Charitable Gift Annuity may be a more beneficial way to establish fixed income payments for up to two beneficiaries during their life. The donor still receives tax benefits for the gift. The portion of the gift that transfers becomes a permanent part of the endowment fund.
You might consult with your own tax, financial, or estate planning professional for guidance on making a special gift.
For more information, please contact: Anthony Zambrano, Executive Director, at [email protected] or 207-667-2400, ext. 18.
Gifts are tax-deductible to the extent allowed by law. DEHF is a non-profit organization under Section 501©(3) of the Internal Revenue Code.
Thank you for your support!