Ways to Make a Difference in the Future
Your will can include gifts in the form of cash, stocks, bonds, real estate, or personal property; a specified percentage of your estate; or the balance of your estate after family members have been taken care of.
Bequests to YCCC are as easy to make as including the following words in your will, or in a codicil to your will:
"I do hereby give to York County Community College Foundation in Wells, Maine, a Maine non-profit corporation [501(c)(3), #22-3451600], (the sume of $_________); or (all my right, title, and interest into the following described property: _________________); or (_____% of the rest, residue, and remainder of my estate), such bequest to be used in the manner as determined appropriate by the College and Foundation as it, in its sole discretion, shall determine."
The preceding, of course, are suggested examples only. Be sure to work closely with your attorney for proper legal advice.
You can make a substantial gift with modest premium payments, or it’s a good use of paid-up policies that are no longer needed for family members.
Ways to Make a Creative Gift
Charitable Gift Annuities
You give the YCCC Foundation a gift of money, stocks, bonds, or other liquid assets, when the YCCC Foundation will pay you or a beneficiary a fixed amount on a regular basis until death. A large part of this income is tax-free, and you will also receive a charitable deduction for part of the gift. The Foundation will work with the Maine Community Foundation to make this option available for you.
Charitable Remainder Trusts
By transferring assets to the YCCC Foundation to establish a trust, you or a beneficiary receive a lifetime income. Eventually, the remaining assets of the trust pass on to the YCCC Foundation.
Charitable Lead Trusts
You may transfer assets to a trust for a fixed number of years. The interest earned will go to the YCCC Foundation, and later the principal will go back to you or your beneficiaries.
For more information on which method is best for you, please contact the YCCC Foundation.