Page 59 - Spring Summer 2023

What to Give . . .

. . . Popular Planned Giving Tools

By Jon A. McLaughlin, ’73,
Fundraising Co-Chair

We have talked about several different Planned Giving tools in past newsletters. I thought it would be helpful to give a brief
summation of “What to Give” for philanthropic giving, a refresher, that I found on the Maine Community Foundation site.
Please do not hesitate to have your attorney, accountant, or estate planner contact Ms. Richards at the address below for
more information. Just have your advisor(s) tell her that you are interested in setting up your giving for the benefit of the
Houlton High School Alumni Association after your Planned Giving need is satisfactorily met.

Cash IRA Charitable Rollover
A gift of cash is a simple and easy way for you to make Congress has enacted a permanent IRA charitable
a gift to the Maine Community Foundation for the rollover. As a result, you can make an IRA rollover gift
Alumni Association. this year and in future years. If you are 70½ or older, an
IRA charitable rollover is a way you can help continue
Real Estate our work at the HHSAA and benefit this year.
Donating appreciated real estate, such as a home, To learn more about any of these means of giving,
vacation property, undeveloped land, farmland, ranch, please contact the Maine Community Foundation.
or commercial property can make a great gift to the They would be happy to assist you and answer any
HHSAA through MaineCF. questions you and/or your advisors might have.

Insurance Jennifer Richard
Director, Gift Planning
A gift of your life insurance policy is an excellent way 245 Main Street
to make a gift. If you have a life insurance policy that Ellsworth, ME 04605
has outlasted its original purpose, consider making Telephone: 207-761-2440
a gift of your insurance policy. For example, you may jrichard@mainecf.org
have purchased a policy to provide for minor children
and they are now financially independent adults. The
MaineCF can help set this up for the HHSAA.
Jen works to increase
Closely Held Stock charitable assets by
working with professional
When it is time to transfer business ownership – advisors and promoting
whether to create income for retirement or to pass planned gifts from new
on an inheritance – business owners have special and existing donors.
opportunities to give something back to their
community. Have your advisors call MaineCF to learn
more about this opportunity.
Stocks and Bonds

Donating appreciated securities, including stocks or
bonds, is an easy and tax-effective way for you to make
a gift to the HHSAA through MaineCF.

Retirement Assets
Donating part or all your unused retirement assets The articles featured in this newsletter from time to time are informational
such as a gift from your IRA, 401(k), 403(b), pension or and educational in nature. They are not offering professional tax, legal,
other tax-deferred plan is an excellent way to make or accounting advice. For specific advice about the effect of any planning
a gift to HHSAA. MaineCF can assist your advisor in concept on your tax or financial situation or with your estate, please
consult a qualified professional advisor.
setting this up for the HHSAA.

www.houltonalumni.com 59