CHARITABLE GIFT ANNUITIES

Advancing the quality of health care in Hancock and western Washington Counties through philanthropic and community support for Maine Coast Memorial Hospital.

Having a reliable stream of income in retirement is something we all desire, and a foundation Charitable Gift Annuity (CGA) is one of the most reliable investment tools available to our donors.

The Charitable Gift Annuity (CGA) is a simple contract between the donor and Maine Coast Memorial Hospital Foundation. It provides the opportunity to make a charitable gift and secure a stream of income for life. Under this arrangement, donors transfer assets (usually cash or appreciated securities) to the foundation in exchange for a commitment by the foundation to pay them (and a second annuitant, if the donor so chooses) a fixed and guaranteed payment for the remainder of their life. The foundation utilizes uniform gift annuity rates as set by the American Council on Gift Annuities (ACGA).

Wondering how a foundation Charitable Gift Annuity can work for you?

For a personalized, confidential annuity calculation, or to discuss your questions privately, please call the foundation office at: 207-664-5548.

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Thank you for Supporting Maine Coast Memorial Hospital!

 Maine Coast Memorial Hospital Foundation is a 501(c)(3) nonprofit organization.
All contributions are tax-deductible to the full extent provided by law

Types of Gifts

You Can Make a Difference
When you first bought a life insurance policy, you probably hoped to ensure the financial stability of your family should something happen to you or your spouse. Similarly, you can help protect Maine Coast Memorial Hospital's future through your life insurance policy. In addition, gifts via life insurance can offer exceptional leveraging and important tax advantages for you.
Here are options:

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Works of art, antiques, paintings, automobiles, and boats are all examples of tangible personal property that can be donated to the Maine Coast Healthcare Foundation. Such gifts can provide desirable charitable tax deductions. The allowable deduction is dependent upon an appraisal and its related use.
Contact the Foundation Office to have a confidential conversation regarding your interest in donating personal property. The Maine Coast Healthcare Foundation encourages philanthropy at all levels and we provide donor counseling services to ensure your comfort in donating your valuable assets to support our mission.  

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A gift of real estate establishes a legacy gift to the Foundation — leading to a stronger hospital and stronger community for future generations. Before you sell real estate, consider your options. If you'd like to help fulfill our mission, your property opens the door to a unique giving opportunity. Residence, forest land, or other real property may be given to Maine Coast Healthcare Foundation as an outright gift. You may prefer to donate your home or farm to the Foundation and continue to utilize the property throughout your lifetime. Both options enable you to enjoy personal financial benefits while supporting our mission in a meaningful way.

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One possibility for developing a Charitable Remainder Trust is to rollover assets from your retirement savings (i.e. –IRA savings). You may use retirement plan assets to benefit yourself during your lifetime and Maine Coast Healthcare Foundation thereafter using a charitable remainder trust.

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If you are like many people, either you don't have a will, or it has been years since you looked at it. Perhaps this is the time to review and update your will.

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