"WILL" You Remember Us?

Making a Charitable Bequest In Your Will

(Central Maine Area Agency on Aging dba Spectrum Generations - EIN 01-0318051)

In your will, you can name Spectrum Generations or any Center in the Spectrum Generations family as your beneficiary:

Muskie Community Center in Waterville
Cohen Community Center in Hallowell
Southern Midcoast Center in Topsham
Coastal Community Center in Damariscotta
Knox Community Center in Rockland
Waldo Community Center in Belfast
Somerset Community Center in Skowhegan

Choices To Consider With A Gift of a Bequest In Your Will

When you include a gift to Spectrum Generations in your will, you help ensure our mission of serving seniors and disabled adults across Central Maine while creating powerful benefits for yourself. You can make a charitable bequest for a specific dollar amount or for a percentage of your estate. And you can direct your charitable bequest to be used for a specific purpose or that it be used in the most beneficial way for Spectrum Generations.

Benefits That Come With a Gift of a Bequest In Your Will

A bequest offers key benefits to you as a donor:

Flexible: Because a charitable bequest comes after your lifetime, you can change your mind should conditions change
Advantageous: You may receive a charitable estate tax deduction that excludes the amount of your bequest from your taxable estate
Versatile: Your bequest can be for a specified dollar amount or a percentage of your estate's value and you can direct your gift to be used for general or specific purposes
Significant: Because the charitable bequest comes after your lifetime, you can make a significant gift without affecting your current income or cash flow

SUGGESTED WORDING FOR A BEQUEST OF A SPECIFIC DOLLAR AMOUNT (downloadable)

I give, devise and bequeath to Spectrum Generations, a not-for-profit organization headquartered in Augusta, Maine, the sum of $_________ in cash (and or ________ shares of _______________ stock:

___ to be used at the discretion of the Board of Directors of Spectrum Generations for the general purposes of Spectrum Generations and its related entities

OR

___ to be used for the purpose of _____________ at Spectrum Generations. If changed circumstances should at some future time make it impractical to continue using the gift for the purpose designated, then the Spectrum Generations Board of Directors may redesignate the purpose to adhere as closely as possible to my original intent.

SUGGESTED WORDING FOR A BEQUEST FOR A PERCENTAGE OF AN ESTATE (downloadable)

I give, devise and bequeath to Spectrum Generations, a not-for-profit organization headquartered in Augusta, Maine, ______ % of the rest, residue and remainder of my estate:

____as an unrestricted gift to be used at the discretion of the Board of Directors of Spectrum Generations for the general purposes of Spectrum Generations
OR

___as a restricted gift for the purpose of _________________ at Spectrum Generations. If changed circumstances should at some future time make it impractical to continue using the gift for the purpose designated, then the Board of Directors of Spectrum Generations may redesignate the purpose to adhere as closely as possible to my original intent.

Note: The information in this website is not intended as legal advice. Spectrum Generations strongly encourages you to consult your legal, tax and financial advisors to determine which charitable giving options are best for your individual circumstances.

QUESTIONS?

Please contact the Director of Finance at 1-800-282-0764 (extension 112) with questions.