Your Gift Can Last Forever

The Power of an Endowed Gift to Bates

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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

Couple Smiling 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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Next Steps

  1. Contact the Office of Gift Planning at (207) 786-6246 or Toll-free: (800) 762-3145 or to discuss endowed gifts.
  2. Seek the advice of your financial or legal advisor.
  3. 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