Your legacy is more than a gift—it’s a promise we will keep. Planned giving lets you include Penquis in your will, trust, retirement account, life insurance policy, or other instruments to create lasting impact across Penobscot, Piscataquis, and Knox counties.
We promise to honor your legacy with integrity, compassion, and impact. We will use your gift wisely, carefully, and always in alignment with your intentions. Your legacy will live on through the lives you help transform.
- Bequests through a will or trust (specific amount, percentage, or residuary)
- Beneficiary designations on retirement plans, life insurance, or bank/investment accounts
- Gifts of appreciated securities or real estate
- Charitable gift annuities or charitable remainder trusts (consult your advisor)
- Life insurance policies
- Retirement accounts (IRA, 401(k), etc.)
- Real estate
- Stocks & other securities
- Cash
- Other assets (per Penquis’ Gift Acceptance Policy)
- Potential lifetime income (certain instruments)
- Income tax deductions
- Reduction of estate taxes & probate costs
- Reduced or eliminated capital gains tax on appreciated assets
- Powerful, enduring community impact
When you inform us of your legacy plans, we welcome you into a community of compassionate supporters recognized for their foresight and dedication.
- Optional recognition (or remain anonymous)
- Invitations to appreciation and impact events
- Heartfelt updates on the difference your future gift will make
- A commemorative token of our thanks
“I give to Penquis (Tax ID #01-6023748), a nonprofit organization located at 262 Harlow Street, Bangor, Maine 04401, the sum of $_____ (or ___% of my estate, or the remainder of my estate) to be used for its general charitable purposes (or specify a particular program).”
Legal name: Penquis C.A.P., Inc. • Federal Tax ID: 01-6023748
What is planned giving?
Planned giving refers to charitable gifts you arrange now that are distributed in the future—typically through a will or trust, a retirement account, or a life insurance policy. It’s a powerful way to support Penquis’ mission while meeting your financial and philanthropic goals.
- Include Penquis in your will or trust (specific amount, percentage, or remainder)
- Name Penquis as a beneficiary of your IRA/401(k), life insurance, or bank/investment account
- Give appreciated securities or real estate; consider gift annuities or remainder trusts
Do I need to be wealthy to leave a legacy gift?
No. Many people choose to leave a small percentage of their estate or make Penquis a beneficiary of an account or insurance policy. Every gift—of any size—makes a real difference.
A simple step to start now: add Penquis as a beneficiary to a retirement or life insurance policy. It’s often free and can be done online or with a short form.
What are the benefits of planned giving?
- Potential lifetime income (certain instruments)
- Income tax deductions
- Reduction of estate taxes & probate costs
- Reduced or eliminated capital gains tax on appreciated assets
- Enduring community impact aligned with your values
What types of planned gifts can I make?
- Bequests (specific amount, percentage, or residuary)
- Beneficiary designations (retirement plans, life insurance, bank/investment accounts)
- Gifts of appreciated securities or real estate
- Charitable gift annuities & charitable remainder trusts
Can I choose how my legacy gift is used?
Yes. We’ll work with you (and if you choose, your advisor) to designate your future gift toward programs that matter most—such as early childhood education, housing support, heating assistance, or transportation—or you can leave it unrestricted.
Is my planned gift confidential?
Yes. You decide whether to be recognized as a member of the Penquis Legacy Circle or remain anonymous. Your information is always handled with respect and confidentiality.
What if I already have a will or trust?
You can include Penquis with a simple amendment or codicil. For beneficiary designations, most updates are done via an easy form or online request.
What if I change my mind?
We understand circumstances change. You can revise your will or update beneficiary designations at any time; your flexibility is preserved.
Do I need a lawyer?
We strongly recommend consulting a qualified attorney or financial advisor to ensure your plans reflect your intentions and optimize benefits for you and loved ones.
I’m not ready to meet with a lawyer—can I still make a difference?
Absolutely. A simple first step is naming Penquis as a beneficiary of a retirement account or life insurance policy—often free and quick to complete.
Can I use sample language in my will?
Yes. See the suggested bequest wording above. We’re happy to collaborate with you or your advisor to tailor language to your intentions.
Do I need to tell you if I’ve included Penquis?
Informing us is optional but helpful. It allows us to thank you, welcome you into the Legacy Circle, and plan for future impact. Your preference for anonymity is always respected.
What is Penquis’s tax ID number?
Penquis C.A.P., Inc. Federal Tax ID (EIN): 01‑6023748. This may be required when completing legal or financial documents.
Who can I contact to discuss my legacy plans?
Contact Carin Sychterz, Associate Development Director at csychterz@penquis.org or (207) 802‑3034. We’d be honored to talk—no pressure, just possibility.
Have you already included Penquis in your plans—or are you thinking about it? We’d be honored to talk. No pressure, just possibility. We’ll work with you and (if you choose) your advisor to ensure your intentions are reflected.
262 Harlow Street, Bangor, ME 04401
This information is not intended as legal or tax advice. Please consult your attorney or financial advisor for guidance related to your personal situation.