Winter Open House at Thomas College

Planned Giving

Planned giving is the process of donating planned gifts, also known as legacy gifts, which are contributions that are arranged in the present and allocated at a future date. Commonly donated through a will or trust, planned gifts are usually granted when a donor passes away.

It is so much more than a donation. Your gift represents your desire to make a lifetime impact on students and the College as a whole. Thomas College is ever grateful to alumni, families, faculty, staff, trustees, and friends who prearrange these invaluable gifts to support the long-term success of the College. Terriers Together.

Direct Gifts

Cash Gifts

A gift of cash is the most common and convenient way to give. Gifts may be made outright or pledged over a period of up to five years. Checks should be made payable to Thomas College. If you prefer, you may charge your gift through Visa, MasterCard, American Express or Discover.

Appreciated Securities

An outright gift of long-term appreciated securities (securities held for more than a year, such as stocks, mutual funds and bonds) avoids capital gains taxes and, in most cases, the donor obtains a charitable income tax deduction equal to the market value of the securities.

Life Insurance

You can use life insurance to make a gift by naming Thomas College as the owner and beneficiary of a life insurance policy. You would receive a charitable income tax deduction based on the lesser of the policy’s fair market value or the net premiums paid. You may also wish to make gifts of paid-up policies, resulting in a charitable income tax deduction for the policy’s cash surrender value.

Estate Gifts

Wills & Bequests

A provision in your will for Educare Central Maine allows for a substantial contribution without diminishing assets during one’s lifetime. Since bequests for Educare Central Maine are deductible from the estate, significant tax savings are possible. A gift through your estate can provide significant support to Thomas College. The gift can be made through a will or a trust, and both documents enable you to distribute assets to individuals and non-profit organizations in the amounts or proportions you indicate.

Example Language for Gifts

I hereby give, devise and bequeath to Thomas College, a non-profit corporation, organized, and existing under the laws of the State of Maine, and with a current headquarters address of 180 West River Road, Waterville, Maine, 04901, tax identification number 01-0263385, the sum of $______ or _% of my estate or % of the residue of my estate.

Tax ID

Thomas College’s Tax Identification numbers is 01-0263385.
Thomas College is tax exempt under section 501(c)3 of the Internal Revenue Code.