Join the Weilands

“We considered the charitable gift annuity to be a wonderful way to give back to the University of Maine and, at the same time, receive guaranteed income at a great rate. We appreciate that the University of Maine Foundation’s planned giving staff made the process simple and easy.”

50 years ago Bud and Val Weiland graduated from the University of Maine. In anticipation of their 50th reunion they established two charitable gift annuities.

A charitable gift annuity is a simple contract whereby the Foundation agrees to pay the beneficiaries income for life at a guaranteed rate in exchange for a gift by the donor. The University of Maine Foundation follows the rates that are published by the American Council on Gift Annuities. Once the donor passes away, the remaining money goes to support the University of Maine.

Charitable gift annuities:

• Are easily established without fees or costs
• Provide the beneficiaries with guaranteed income for life
• Provide competitive rates much higher than a CD
• May provide donors with generous tax advantages, including income tax deductions and reduced capital gains taxes
• Provide great support to programs, scholarships and other activities at the University of Maine

If a charitable gift annuity is of interest to you, contact the Foundation Planned Giving Staff with any questions that you may have. A planned giving officer can answer your questions and provide you with much more information.