Retirement Plan Gifts

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

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.

You arrange a lump-sum distribution from your qualified retirement plan. Then, you contribute the after-tax amount to an irrevocable trust that assures you an income for life while committing the remaining assets to us after your lifetime. A portion of the trust qualifies for an income tax deduction. At the death of the last income beneficiary, the assets in the trust are distributed to the Foundation to be used as the donor has designated.

Note that each individual’s Charitable Trust must be reviewed by a professional financial advisor or trust officer to determine the exact financial benefits. You can be assured that our Foundation director along with your financial advisor will provide the assistance you need to make an informed and generous gift.
 Maine Coast Healthcare Foundation is a 501(c)(3) nonprofit organization.
All contributions are tax-deductible to the full extent provided by law.