Member support is crucial to the on-going operations of Midcoast Senior College.
Members support us in many ways — by taking courses, participating in our lecture series, joining in our excursions, becoming volunteers, and assisting us financially.
Membership fees and course tuitions help to cover many of our administrative costs, but the generous financial support of community members is also needed to strengthen MSC’s work and to build an endowment.
There are a number of ways to assist MSC financially, including:
Make a Tax-Deductible Donation
Many of our course and other activities require special equipment and one-time expense. These needs will only be fulfilled if members are willing to make voluntary contributions in addition to the regular fees. All members are urged to include a tax deductible donation when they sign-up for courses.
Make an Honor Gift
Honor a friend, family member, or colleague by making a contribution on his or her behalf. Include his/her name and address with your donation, and we’ll send a personal note acknowledging the gift.
Make a Memorial Gift
You can make a gift in memory of a friend, family member, or colleague. Enclose instructions with your gift, and MSC will notify family members of your gift, as instructed.
Gifts of Stock
Making a gift of appreciated common and preferred stock, bonds, and mutual fund shares is a wonderful way to help MSC, while providing you, the donor, with a way to avoid capital gains taxes on appreciated assets. Most of these gifts are considered fully tax deductible under current IRS rules applicable to 501(c)3 organizations like Midcoast Senior College. If you are interested in making such a gift, please call (725-4900) or e-mail us: firstname.lastname@example.org. Our treasurer will be happy to meet with you.
And, did you realize that if you are over age 70 1/2, you may gift up to a maximum of $100,000 from your Individual Retirement Account (IRA) divided amongst your qualified 501(C)3 organizations and PAY NO INCOME TAXES on your withdrawal? The gifts are withdrawn from your financial institution and sent directly to your qualified 501(C)3 organization. (Please note: You must not receive the asset for forwarding. You are not allowed to take a tax deduction for your gift since you paid no taxes on your IRA withdrawal.)
Planned Giving Opportunities
Planned gifts enable you to benefit MSC and also receive a benefit yourself. There are a number of ways to make a planned gift. Since laws and regulations in the area change frequently, it is advisable to check with your attorney. Naming MSC as a beneficiary of a life insurance policy, investment account or IRA, or as a beneficiary in your will, are some of the easiest ways of making a planned gift to the College.
Midcoast Senior College is a Maine non-profit charitable organization, operating under Section 501(c)(3) of the IRS code, and contributions are tax-deductible to the extent permitted by law.
How to Donate
Midcoast Senior College accepts donations on line; click here to go to the Donations page. If you prefer to donate by check, please mail your donation to Midcoast Senior College, 29 Burbank Avenue, Suite 6, Brunswick ME 04011. If you wish to make a different kind of donation or gift, please call (725-4900) or e-mail us: email@example.com.
Always check with your tax advisor for confirmation or guidance regarding the options outlined above or any financial transaction.
Midcoast Senior College seeks both financial and in-kind contributions. Our sponsors show their support for our mission and help sustain and grow our educational programming. They allow us to offer more exciting programs and to help defray rising costs.
Our Partner Institutions donate time, space, and financial grants which enable them to reach a specifically targeted niche market in an efficient manner. They receive official acknowledgement and thanks for the donation via appropriate public relations involvement and listing on our Partners page with logo and link. Finally, since Midcoast Senior College is a non-profit organization, sponsorship provides attractive tax benefits.