Page 50 - Newsletter_Winter_2021

Maine Community Foundation Teams Up with the National Gift
Annuity Foundation (NGAF)...

...Allows the Maine CF to Work with NGAF to Make Charitable

Gift Annuities Available for HHSAA Alums in 49 States.

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

This information was gleamed from several pieces of information
recently received from the Maine CF as well as from their website.
Please do not hesitate to have your attorney, accountant or estate
planner contact Ms. Richard at the address shown for more
information. Just make sure your advisor(s) let her know that you
are interested in setting up a Charitable Gift Annuity that will
ultimately benefit the Houlton High School Alumni Association.

We certainly hope that the Houlton High School Alumni
Association will be part of your estate planning.
Charitable Gift Annuity
How a charitable gift annuity works
You may be tired of living at the mercy of the fluctuating stock
and real estate markets. A charitable gift annuity is a gift made to A charitable gift annuity is a way to make a gift to support the
the Maine Community Foundation that can provide you with a Maine Community Foundation.
secure source of fixed payments for life.
1. You transfer cash or property to the Maine Community
A charitable gift annuity is the oldest and simplest type of life Foundation.
income arrangement. You make a charitable gift in exchange for
a fixed income payment to you, or up to two people you would 2. In exchange, they promise to pay fixed payments to you for
like to support. On the death(s) of the individual(s) receiving life. The payment can be quite high depending on your age,
the payments, the remaining money becomes a permanent fund and a portion of each payment may even be tax-free.
at the Maine Community Foundation to benefit, in our case, the
Houlton High School Alumni Association. 3. You will receive a charitable income tax deduction for the gift
portion of the annuity.
Benefits of a charitable gift annuity
4. You also receive satisfaction, knowing that you will be helping
• Receive fixed payments to you or another annuitant you further support the HHSAA in its endeavors to help future
designate for life graduates of your alma mater.

• Receive a charitable income tax deduction for the charitable If you decide to fund your gift annuity with cash, a significant
gift portion of the annuity portion of the annuity payment will be tax-free. You may also
make a gift of appreciated securities to fund a gift annuity and
• Benefit from payments that may be partially tax-free avoid a portion of the capital gains tax. Please contact the Maine
CF to inquire about other assets that you might be able to use to
• Establish a future legacy gift through the Maine Community fund a charitable gift annuity.
Foundation to support the Houlton High School Alumni
Association Jennifer Richard
Director, Gift Planning
Maine Community Foundation
245 Main Street, Ellsworth, ME 04605
Telephone: 207-761-2440

Look for emails from the HHSAA later this winter for information on a virtual presentation/webinar we will be hosting with the Maine
Community Foundation to outline several of the Planned Giving programs in more detail with the ability to ask questions of their experts.
Another service of the Houlton High School Alumni Association.

PAGE 50 www.houltonalumni.com