Pooled Life Income Funds
Because gifts to these funds are invested jointly in a large investment pool similar to a mutual fund, yearly income generated from the funds is shared proportionately among participants. A donor would: incur no capital gains taxes on the transfer of appreciated long-term securities, receive a charitable deduction for a portion of the gift, and receive a lifetime income. The minimum gift is $5,000. The fund may be designated for any purpose at the University.
The University of Maine Foundation has professional giving officers ready to work with you and your advisors. We may be reached Monday-Friday between the hours of 8 am and 5 pm by calling 1-800-982-8503 or via email at email@example.com.