Your Gift Can Last Forever
The Power of an Endowed Gift to Bates
Start Paying It Forward
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An endowment gift to Bates provides a brighter picture for the future. When you make a gift to the endowment, you give a gift with both immediate and long-term benefits.
Endowment gifts are invested. A portion of the annual income from the investment may be used to address immediate needs at Bates, while the remaining funds are reinvested to ensure indefinite support.
How It Works
Longtime supporters Susan and Charlie want to make sure Bates continues to thrive long after they're gone. So they make a $500,000 gift to Bates, which is invested. Each year, a portion of the income from the invested money will be used to support Bates in honor of the Joneses. The rest of the income is reinvested in the fund, which allows it to support the college indefinitely. Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
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Not Sure How to Begin Planning?
- Contact the Office of Gift Planning at (207) 786-6246 or Toll-free: (800) 762-3145 or firstname.lastname@example.org to discuss endowed gifts.
- Seek the advice of your financial or legal advisor.
- If you include Bates in your plans, please use our legal name and federal tax ID.
Legal Name: President and Trustees of Bates College
Address: 2 Andrews Road, Lewiston, ME 04240
Federal Tax ID Number: #01-0211781
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.