A bequest to Pen Bay Healthcare Foundation is a gift from your estate, and a very personal way of supporting the future of health care in Maine’s mid coast communities. A bequest may enable you to accomplish something more significant than you could during your lifetime.
A bequest is a legacy—it signifies what has been important in your life and the lives of loved-ones while supporting the health care of future generations.
There are no income tax benefits to making a bequest, but it allows you to retain total control of and access to your assets during your lifetime. However, a charitable bequest may reduce state or federal estate taxes. Additionally, you may incorporate any of the life-income-producing gifts, such as a testamentary charitable remainder trusts, into your will or trust for the benefit of your heirs, and you may leave an income stream to Pen Bay and ultimately pass assets to the next generation through a testamentary charitable lead trust, rather than or in addition to an outright bequest.
However you structure a bequest and whatever the amount, leaving a bequest to Pen Bay Healthcare Foundation for the benefit of future generations is a powerful legacy.
A Bequest Intention indicates how you have included Pen Bay Healthcare Foundation in your estate plans, whether through a will, trust, beneficiary designation of a life insurance or retirement plan, or other planned gift. A Bequest Intention qualifies you for recognition in the Legacy Society. Additionally, if accompanied by an enforceable pledge agreement, can be counted towards Pen Bay Healthcare Foundation’s Better Together campaign.
Your participation can, with your permission, inspire others to participate, or you may remain an anonymous member of the Legacy Society. You may access a Bequest Intention Form here, print it, fill it out and mail it to the Pen Bay Healthcare Foundation at 22 White Street, Rockland ME 04841, or the Pen Bay staff would be pleased to send you a form and a return envelope. Call (207) 594-6705 or e-mail email@example.com to have these items sent to you. Upon documentation, you will be inducted into the Legacy Society, either by name or anonymously, as you wish.