Page 36 - Newsletter_Fall_2022

Beneficiary Designation Gifts...

... A Popular Planned Giving Concept.

By Jon A. McLaughlin ’73 – Fundraising Co-Chair
This information was condensed from Maine Community Important considerations for your future:
Foundation’s website section on Planned Giving. Please
do not hesitate to have your attorney, accountant, or estate If you are interested in making a gift but are also concerned
planner contact Ms. Richards at the address shown for more about your future needs, keep in mind that beneficiary
information. Just make sure your advisor(s) let her know that designation gifts are among the most flexible of all charitable
you are interested in setting up a “Gift” that will ultimately gifts. Even after you complete the beneficiary designation
benefit the Houlton High School Alumni Association after form, you can take distributions or withdrawals from your
taking care of your Planned Giving needs. retirement, investment or bank account and continue to freely
use your account. You can also change your mind at any time
Giving directly to the Houlton High School Alumni in the future for any reason, including if you have a loved one
Association through The Maine Community Foundation who needs your financial help.
can provide tax benefits, and in some cases, even income.
You can designate us as a beneficiary of a retirement, Contact us
investment, bank account or your life insurance policy. If you have any questions about a give it twice trust, please
contact us. We would be happy to assist you and answer any
Benefits of a beneficiary designation gift: questions you might have.

• Support the HHSAA that you care so much about. Jennifer Richard
• Continue to use your account as long as you need Director, Gift Planning
to. 245 Main Street
• Simplify your planning and avoid expensive legal Ellsworth, ME 04605
fees. Telephone: 207-761-2440
• Reduce the burden of taxes on your family.
• Receive an estate tax charitable deduction.
Jen works to increase
charitable assets by
"Support the HHSAA that you working with professional
advisors and promoting
care so much about" planned gifts from new
and existing donors.

How a beneficiary designation gift works:

1. To make your gift, contact the person who helps
you with your account or insurance policy, such as
your broker, banker, or insurance agent.
2. Ask them to send you a new beneficiary
designation form.
3. Complete the form, sign it, and mail it back to
your broker, banker, or agent.
4. When you pass away, your account or insurance
policy will be paid or transferred to the HHSAA The articles featured in this newsletter from time to time are informational
and educational in nature. They are not offering professional tax, legal, or
through the Maine Community Foundation, accounting advice. For specific advice about the effect of any planning concept
consistent with the beneficiary designation. on your tax or financial situation or with your estate, please consult a qualified
professional advisor.
PAGE 36 www.houltonalumni.com