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- Planned Giving
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There are several rewards for making a planned gift.
As College of the Atlantic embraces the changes and challenges of the future, we know the generosity of our friends will make all the difference. At the same time,we want to make sure you know how planned gifts to the College can provide benefits to you.
There is, of course, the satisfaction that comes from knowing you’ve made a positive impact in the lives of faculty and students — sometimes in perpetuity. In addition, a deferred or planned gift can improve a donor’s financial and tax circumstances, now or in later years.
Some benefits to you as a donor can include a current income tax deduction, possible minimization or elimination of long-term capital gains tax, an increase in income, an effective rate of return from poorly performing assets, and a reduction in estate and gift taxes.
There are many ways your philanthropic goals can blend with your financial needs and tax planning. To design a gift that benefits the people and organizations you care about most, we recommend that you seek the counsel of an attorney who specializes in estate planning. We can work with your advisors to help you plan for tomorrow and receive maximum benefits today.
Why I Made a Planned Gift
In addition to my annual giving, I decided to establish a planned gift for COA. While my income prevents substantial giving now, I hope and expect to have an estate. I give to COA because for me, it has the right balance of form and freedom, it is an activist culture, and its emphasis on seeing the whole picture holds hope for the earth and for human beings. And we need all the hope we can get.
Stu (Dickey) Summer | Class of 1982
Northern Lights SOciety
The Northern Lights Society is an association for individuals who have made planned gifts to benefit COA. These gifts include bequests, charitable gift annuities, and gifts of life insurance, to name a few.
Please give us a call at 207-288-5015 if you would like to join the Northern Lights Society.