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Planned Giving

In addition to helping to sustain Maine's islands and working waterfront communities, you may benefit from income and capital gains tax savings when you establish a planned gift with the Island Institute.

Bequests

Naming the Island Institute in your will can be a financially responsible way to make a special gift that otherwise may not be possible during your lifetime. Bequests can be designated or unrestricted.

Life Income Plans

There are several types of life-income plans, all of which combine life payments for one or more income recipients that are designated by the donor. In exchange for a transfer of cash, securities, or in some cases real estate, the Island Institute provides specified annuity payments to the donor or other beneficiary. Several other forms of life income plans are available to meet your specific needs.

Retirement Fund (IRA)

Donors can direct their retirement funds and IRAs in support of the Island Institute. This designation often allows the donor to make a considerable gift. Careful planning is necessary in the use of IRAs and other retirement plans to fund charitable gifts.

Life Insurance

While many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection, its role in planned charitable giving is frequently overlooked.

To learn more about the benefits of this program contact Nancy McLeod Carter at ncarter@islandinstitute.org or 207-594-9209. Please discuss any action that affects your overall estate plans with your professional advisors.

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