We invite you to make a lasting legacy by putting Friends of Casco Bay in your will. In a will or a trust, a cash amount may be left to Friends using the following language: “I give and devise to Friends of Casco Bay, located in South Portland, Maine, the sum of $______ to be used for its general charitable purposes.” Alternatively, a gift of a fraction of an estate’s or trust’s value may be made using language such as, “I give and devise to Friends of Casco Bay, located in South Portland, Maine, ______ percent of the value of my residuary estate” (or “of my trust”).
Gifts that will pay you an income
If you are in or approaching retirement, a charitable gift annuity allows you to donate
to Friends of Casco Bay and receive guaranteed income for the rest of your life. Charitable gift annuities allow a donor to make a gift in exchange for our organization’s agreement to pay a fixed payment for life, either on an immediate or deferred basis.
Real estate and other gifts
A complete list of the type of gifts Friends of Casco Bay accepts can be found in our Gift Acceptance Policy. Gifts, such as closely held securities, real estate, and other personal property, can be accepted only with the approval of our Board of Directors — and we would be delighted to explore the options with you.
Beneficiary designation of retirement plan assets
Designating Friends of Casco Bay as a partial or full beneficiary of your retirement plan can reduce income and estate taxes. Contact the administrator of your retirement fund to designate our organization as a death beneficiary.
IRA charitable rollovers
If you are 70 1⁄2 or older, you can use the IRA charitable rollover to donate up to $100,000 per year to Friends of Casco Bay and avoid paying income taxes on the gift. The gift must come from your IRA or Roth IRA.
Gifts of life insurance
We accept fully-paid whole life, ordinary life, or endowment policies on which no future premium payments are due.
You can view a copy of our Gift Acceptance Policy here. To have a confidential discussion about making a planned gift to Friends of Casco Bay, please contact Executive Director Will Everitt [willeveritt [at] cascobay [dot] org, (207) 799-8574 ext. 204].