How to Donate
The Board of Directors encourages you to consider a donation to the Waldoboro Community Project. An investment in this capacity-building community project will pay dividends for the entire Mid-Coast of Maine. Enhancing the quality of life in the community not only benefits its residents but also increases the value of businesses and real estate. Play an important role in future of Waldoboro and the Medomak River valley; make a pledge to the Waldoboro Community Project, and watch the community grow. We thank you in advance for considering a donation to this worthwhile project and to our community.
The Medomak Valley Community Foundation is a 501 (c) (3) tax-exempt charitable corporation, and a registered Maine Charity. Donations are tax deductible to the extent permitted by law. *
For your convenience, we have provided a link below to our donation forms in order to document your donation or pledge to the Waldoboro Community Project. After completing the form, please mail it to the Medomak Valley Community Foundation, and we will contact you regarding fulfilling your pledge promise. Thank you for your generosity and investment in our community.
- Click here to download donation form in Microsoft Word® format (.doc)
- Click here to download donation form in Adobe Acrobat® (.pdf)
As a donor, we encourage you to use the full "menu" of giving vehicles to realize your philanthropic goals. We can help you establish and make additions to your gift using both current and deferred gifts.
Pledges are often a more convenient way to contribute to the Medomak Valley Community Foundation. A pledge allows you make a larger total donation than perhaps you could afford in a single payment. With a pledge, you can provide meaningful support to the Community Foundation and still stay within your personal financial budget. A pledge allows you to budget your donation over a specific number of years (for example, 2-4 years). In committing to a pledge, the Foundation will conveniently remind you of your annual pledge payment.
Appreciated property (publicly traded stock, closely held stock, real estate)
Contributing stocks, bonds, mutual funds or real estate to your donation may provide you with an income tax deduction based on the fair market value of the gift and eliminate all capital gains taxes. This would allow you to make a substantially greater gift (typically between 45-70 percent) than otherwise would have been possible for the same out-of-pocket cost.
Deferred Gifts (Planned Gifts)
Numerous deferred gift options exist within the Medomak Valley Community Foundation. For all gift plans, we strongly encourage you to meet with your professional advisors prior to executing any gifts. Some options are described below.
A bequest to the Medomak Valley Community Foundation is as simple as adding a codicil to your will. This is the most common planned gift and it may provide you with valuable estate tax savings. Bequests can be in the form of:
- a stated dollar amount or specific property,
- a percentage of the estate tax, or
- a portion or all of the residue.
The following language may be appropriate for a bequest:
- "I give and bequeath _____ percent of my adjusted gross estate (as that term is defined in the federal estate tax laws) to the Medomak Valley Community Foundation, subject to its governing instruments, policies and procedures, as amended from time to time."
- "This gift shall be devoted to the general charitable purposes of the Medomak Valley Community Foundation as set forth in its governing instruments, as amended from to time."
One of the simplest ways to make a significant contribution is to give a life insurance policy to Medomak Valley Community Foundation. You may do this in a number of ways. You may give a policy no longer needed, take out a new policy or name the Medomak Valley Community Foundation as a beneficiary of an existing policy. A gift of life insurance may provide valuable income and estate tax savings.
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) allows you to establish a trust for the ultimate benefit of the Medomak Valley Community Foundation, while retaining the income generated by the assets given. A CRT may help you eliminate capital gains taxes, reduce or eliminate estate taxes, improve lifetime cash flow, and when coupled with an asset replacement trust, will provide for heirs as well.
If you own valuable property that you would like to use during your lifetime but arrange to give it to the Medomak Valley Community Foundation upon death, you may receive a current income tax deduction and future estate tax deduction.*Please consult your personal tax advisor regarding the deductibility of any charitable donation.