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Benefits of Planned Giving

A planned gift not only allows you to make a substantial contribution toward our future needs, which you might not be able to make through a current gift of cash, securities, or real property, but also provides substantial financial benefits.

Gifts of Real Estate

A gift of real state offers an opportunity for you to make a significant gift to Aroostook Aspirations Initiative (AAI), which otherwise may be impossible or impractical. Your personal residence, undeveloped land, vacation home or even commercial or farm property may provide an asset more suitable to contribute than cash or securities.

Benefits

  • A charitable tax deduction
  • No capital gains taxes
  • Reduction of estate taxes
  • A lifetime income if establishing a unitrust with property
  • Opportunity to continue living in your home while making a gift and receiving income tax benefits
  • Reduction or elimination of property management concerns
  • An easy way to support AAI while receiving personal financial benefits

Charitable Remainder Unitrusts

Charitable remainder unitrusts provide donors with the opportunity to create a personalized investment plan while making a significant gift to AAI. Further, the unitrust makes a lifetime income available to you based on an established percentage of the annual current value of the unitrust investment.

Benefits

  • A lifetime income provided
  • Immediate income tax savings
  • Avoidance of capital gains taxes if appreciated assets are used to fund the unitrust
  • Relief from investment concerns for the assets donated
  • A hedge against inflation
  • Ability to make a large gift to AAI

Retirement Plans and Life Insurance

Benefits
Leaving retirement plan assets to the Aroostook Aspirations Initiative (AAI) shields your heirs from taxes on the retirement assets and frees you to give them other assets that are not as heavily taxed.

Other Gift Options
Create a charitable remained trust for heavily taxed retirement plan assets. Such a trust could be set up to receive the proceeds of your retirement plan at your death. The trust would pay income for life to a family member of your choosing, after which the remaining assets pass to AAI.

Gift of Life Insurance
A gift of life insurance can be made by changing the owner of the policy to AAI or by making AAI the primary or contingency beneficiary in existing or new policies.

Benefits

  • Ease of setup
  • Tax benefits to the donor without affecting current income
  • Opportunity to make a larger gift than otherwise possible to AAI


Making a Bequest

A Gift in Your Will
We hope you’ll consider including a gift to the Aroostook Aspirations Initiative (AAI) in your will or living trust. Called a charitable bequest, this type of gift offers these benefits:

  • Simplicity: Just a few sentences in your will or trust are all that is needed. See AI for Sample; add a link to that page AI
  • Flexibility: Because you are not actually making a gift until after your lifetime, you can change your mind at any time
  • Versatility: You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
  • Tax Relief: You are entitled to an estate tax charitable deduction for the gift’s full value.
Benefits
  • Retain use of all assets during your lifetime
  • Designate a percentage or residue of your estate after family members benefit first
  • Ensure that your favorite cause continues to receive your support for generations to come
  • Offset tax obligations at death


Please click here to request a charitable bequest.

Gifts of Appreciated Securities to Aroostook Aspirations Initiative

The transfer of appreciated securities to a nonprofit has tax-saving advantages. For more information, send us an email at info@gauvinfund.org.

*This information should not be considered legal advice. We recommend contact with your attorney for legal advice on planned giving matters.