Ways to Give
Thank you for considering making a gift to Northern Light Eastern Maine Medical Center Children’s Miracle Network Hospitals. We have several different options available, and if you have any questions, please call Kelly Pearson, director, at (207) 973-5180 or email her at email@example.com.
Cash, checks, and credit card donations are the simplest way to support Northern Light Eastern Maine Medical Center Children’s Miracle Network Hospitals. Because of the tax savings from the charitable deduction, the net cost to a donor can be much less than the actual amount of the gift.
Securities and Real Estate
The gift of appreciated property, such as securities or real estate, is a popular alternative to cash. These can provide even greater tax benefits to the donor than an equivalent gift in cash, especially when the appreciated property has been held long-term (more than one year).
Tangible Personal Property
Generally you will be entitled to a charitable deduction for gifts of tangible personal property such as works of art, rare books, or items of value that help us fulfill our mission.
Life-Income Plans and Deferred Gifts
A life-income plan can allow you to make a substantial gift to the Northern Light Eastern Maine Medical Center Children’s Miracle Network Hospitals while still providing for your personal financial needs. There are several types of life-income plans, such as charitable gift annuities and charitable remainder trusts, all of which combine a life income to one or more beneficiaries designated by the donor with a gift to charity. Life-income plans are attractive to many donors because they offer substantial tax benefits and may increase cash flow to the donor or other beneficiary, depending on the asset contributed. Contact Kelly Pearson for more information about which life-income gift may be right for you.
Gifts by Will or Bequest
Gifts by will allow our donors to make significant gifts that they may not have been able to make during life. Bequests can take various forms: A specific bequest directs that the Northern Light Eastern Maine Medical Center Children’s Miracle Network Hospitals is to receive a specific piece of property. A general bequest directs that we receive a specified dollar amount. A residual bequest is used to give us all or a portion of whatever remains after all debts, taxes, expenses, and all other bequests have been paid. A contingent bequest takes effect only if the primary intention cannot be met. This can ensure that property will pass to us rather than unintended beneficiaries- including the government. Because of the charitable estate-tax deduction, a bequest in any of these forms can significantly reduce the tax burden of your estate.
Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You can name the Northern Light Eastern Maine Medical Center Children’s Miracle Network Hospitals as the primary beneficiary or as a successor beneficiary of a life insurance policy. When the proceeds are paid to us, your estate will be allowed a charitable estate-tax deduction.