The Power of an Endowed Gift on the Maine Seacoast Mission
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An endowment gift to the Maine Seacoast Mission today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the Mission. The remaining funds are reinvested to ensure indefinite support.
Name your own fund. If you have ever thought of honoring your family name in tangible ways, consider establishing a named fund at the Maine Seacoast Mission. Your family name or the name of other loved ones would live on, and the program you wish to endow will benefit, year after year. Minimum to establish: $25,000.
An Example of How It Works
Longtime supporters Susan and Charlie have two goals: First, they want to make sure the Mission continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to the Mission, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie get a federal income tax charitable deduction on their taxes because they made a lump-sum gift.