Your support is critical to sustain NAMI-Maine's programs and all gifts are appreciated. These trusts do not pay income tax but the income distributed to beneficiaries is taxable. This type of gift arrangement pays income to a designee for their lifetime at a fixed amount, and once the designee passes on, the funds payments are given to NAMI Maine. The original contribution is tax deductible, estate taxes are reduced, and income from the annuity is taxed at a favorable rate. A Bequest - is a simple provision in a will that provides property from the Estate to NAMI Maine.
Bequests are deductible for estate tax purposes.
This charitable gift is pooled with all other donors to the fund, and income form the pool is pro-rated based on the share of the pool and pool's earnings and the pool's earnings are paid to the designated recipient. When the recipient passes on, the payments are made to NAMI Maine. The donor is allowed a federal income tax deduction in the year of the contribution. Donations for Special Purposes Memorial Gifts are made in memory of a deceased family member or friend, often in lieu of flowers. Honorary Gifts are made in honor of family and friends for any occasion such as Mother's or Father's Day, birthdays or wedding anniversaries, graduation or retirement recognition or other notable occasions to show how much you care.