Retirement funds for charitable giving.
Retirement accounts are often taxed more heavily than other assets, sometimes reducing the amount your loved ones ultimately receive. Withdrawals are generally subject to income tax, and these assets may also be included in your taxable estate.
That’s why many people choose to use retirement funds for charitable giving. By designating the University of Southern Maine Foundation as a beneficiary, you can reduce taxes, provide more for your heirs, and make a lasting difference through your philanthropy. With a little planning, your retirement savings can become a powerful way to support the causes you care about most.
Visit our dedicated Planned Giving Portal to learn more.
Let’s continue the conversation.
Contact Erin Macey, Executive Director of Development:
Phone: 207-780-4408 or Fax: 207-780-4778
Email: erin.macey@maine.edu
Mail: Make your check payable to University of Southern Maine Foundation and addressed to Erin Macey, USM Foundation, P.O. Box 9300, Portland, ME 04101-9300
When planning to make a gift to USM, seek the advice of your financial or legal advisor.