Wills and Bequests

You can leave a legacy to the Maine Masonic Charitable Foundation when creating your will, or have your attorney add a codicil to your existing will. There are several different approaches to giving, such as specifying a fixed dollar amount or a designation of residuary estate, which leaves that portion of assets after all gifts are bequeathed and debts paid. Beneficiary Designations If you would like to include a gift in your estate plans without changing your will, consider making the Foundation the beneficiary of one of these:

• A life insurance policy
• Your IRA or other retirement plan
• A savings account
• A stock brokerage account or mutual fund

Simply get in touch with your bank, insurance agent or IRA administrator and ask for a change of beneficiary form (which may be available online).   We are happy to provide you with some sample bequest language: Sample bequest language for an unrestricted gift: I give _______[the sum, percentage, or description of property] to the Maine Masonic Charitable Foundation, to be used for its general tax-exempt purposes, but without other restriction as to use. Sample bequest language for a restricted gift (please contact the Foundation for giving options): I give ______[the sum, percentage, or description of property] to the Maine Masonic Charitable Foundation, to be used to support ________.   Please contact Susan Scacchi at director@masoniccharitablefoundation.org for more information on wills and bequests.   The Maine Masonic Charitable Foundation is a nonprofit public charity designated as tax-exempt under Section 501(c)3 by the Internal Revenue Service. Donations are tax-deductible to the fullest extent permitted by law. Our tax ID is 22-3211042.