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.
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.
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.
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.
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:
The transfer of appreciated securities to a nonprofit has tax-saving advantages. For more information, send us an email at firstname.lastname@example.org.
*This information should not be considered legal advice. We recommend contact with your attorney for legal advice on planned giving matters.