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Life Income Plans - Charitable Gift Annuities and Deferred Gift Annuities

Charitable Gift Annuities

With a simple contractual agreement, a donor can establish an educational endowment fund benefiting a particular area of interest and receive a guaranteed lifetime income. With a minimum gift of $20,000, a donor receives guaranteed quarterly income payments for the rest of his or her life. Annuity rates can be offered for one or two people and range from 4.8% to 11.3%, depending on the age and number of income recipients. Click here for rate table for one-life annuity (PDF) or two-life annuity (PDF). Gifts of cash, securities, real estate or other appreciated property can be used to fund a gift annuity. There are no start-up fees, the donor qualifies for a substantial charitable tax deduction and capital gains taxes can be reduced and spread over a number of years.

Deferred Gift Annuities

By establishing a deferred gift annuity now and directing the quarterly payments to begin after one’s 65th birthday, a donor can enhance retirement income substantially and receive a larger charitable deduction.

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 umainefoundation@maine.edu.

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Contact Information

Office of University Development
101 College Avenue
Orono, ME 04473
Phone: (800) 671-7085 or (207) 581-1151
The University of Maine
Orono, Maine 04469
207.581.1110
A Member of the University of Maine System