The University of Maine welcomes unrestricted gifts of cash, stocks,
bonds and property. Unrestricted gifts provide an important and
flexible resource that can be used to respond to broad institutional
needs. Restricted or designated gifts direct your support to a
specific university program, department, school, or college.
Memorial or special occasion gifts (birthdays and anniversaries,
etc.) in honor of a relative, friend, or classmate represent still
another way to designate a gift. You may also direct your gifts to
UMaine's
Office
of University Development,
University Alumni Association, the
University of Maine Foundation,
Maine 4-H,
or the
Pulp and Paper Foundation.
Cash
A great many gifts to the university are made in the form of cash.
These gifts produce immediate benefits to the university. Your gift
may qualify as a federal income tax deduction.
Real Estate and Tangible Personal Property
As with gifts of highly appreciated securities or real estate, a
gift of tangible personal property (such as works of art, rare
books, paintings or antiques) to UMaine may provide desirable tax
benefits. The allowable deduction for a gift of such property is
dependent upon the related use
Life Insurance
You may make a gift of life insurance to the university, or its
affiliated units, by naming it as owner and irrevocable beneficiary
of a whole life policy. The gift may be a paid policy, an existing
policy with cash value, or a new policy.
Appreciated Securities
A gift of long-term appreciated securities has at least two
advantages: it provides the donor both an income tax deduction equal
to the fair market value of the securities and may obviate capital
gains.
