Gift planning is an important tool for many donors to make significant gifts to MECA while enjoying tangible tax savings in return. Planned gifts may include gifts of cash or appreciated securities in exchange for a guaranteed life income, real estate, life insurance policies, bequests, or combinations of outright and deferred arrangements. MECA will work closely with you to accomplish a planned gift that is right for you and benefit the College simultaneously.
Through the generosity of its many friends and supporters, Maine College of Art continues to be a stimulating environment for today's aspiring artists, scholars, and designers. Planned Giving to the College ensures the continuation of its mission and is a lasting way for you to personally show your support.
Financial support for MECA strengthens the underlying foundation of its successful educational programs. With some planning, a gift can benefit the College and create tax advantages for the donor. There are several means of making planned gifts. Please consult with us on how these different forms might be most beneficial to you. Before entering into any agreements with Maine College of Art or other charitable organizations, be sure to consult your tax advisor.
Please call us at 207.775.5098 for more information.
The 1882 Society is a group of donors who have chosen to include Maine College of Art in their estate plans. 1882 Society members have made a decision to leave their legacy through a bequest, charitable trust, future gift of real estate or other planned gift.
Members of the 1882 Society are invited to the College annually for special events and educational opportunities.
Please call us at 207.775.5098 for more information.
You can make provisions in your will for a specific dollar amount, a percentage of your estate, or specific items or assets. Sample language for each provision is provided here:
Percentage of Residuary
“I give to Maine College of Art of Portland, Maine, or any institution succeeding to its interests, whether by merger, consolidation or acquisition of assets, to be used [for its general purposes] [for a specific program, such restriction heretofore accepted by the College] ______% of my residuary estate”
Specific Dollar Amount
“I give to Maine College of Art of Portland, Maine, or any institution succeeding to its interests, whether by merger, consolidation or acquisition of assets, to be used [for its general purposes] [for a specific program, such restriction heretofore accepted by the College] the sum of $_______________”
Specific Assets
“I give to Maine College of Art of Portland, Maine, or any institution succeeding to its interests, whether by merger, consolidation or acquisition of assets, to be used [for its general purposes] [for a specific program, such restriction heretofore accepted by the College] ________________(e.g., 500 Shares of xyz stock)
If you already have a will and wish to make a provision for the Maine College or Art without rewriting your will, you may add such a provision with a codicil.
Please call us at 207.775.5098 for more information.
You can name Maine College of Art to receive the proceeds of a life insurance policy or a retirement plan, such as an IRA, 401(k), 403(b) or other pension benefit plan. This can only be accomplished by using the beneficiary designation form available from the insurance company, retirement plan administrator or IRA trustee. Because these assets often carry heavy income and/or estate tax burdens, they are ideal assets to use for charitable gifts. Donors should be careful to name the charity on the designation of beneficiary form to obtain the maximum tax savings and administrative efficiency.
Please call us at 207.775.5098 for more information.