Ways to Give to MVH

scarborough veterans family bbqBelow you will find information on the most common gift types, guidance on how to make your gift and how gifts will be used to benefit Maine Veterans and their families. For questions about the many ways to support MVH, please contact Josh Scroggins in the Development Office at 207-430-4484 or via email at jscroggins@mainevets.org

Checks & Cash

Checks and cash are the most common gifts we receive. Gifts can be mailed, dropped off at the front desks of our Homes or our Central Office. When you mail a check, please use our Gift Form to let us know how you would like us to use your gift and mail the form to Maine Veterans’ Homes, 460 Civic Center Drive, Augusta, ME 04330

Credit Card

Gifts made by credit card can be done online or at the front desks of any of our locations. Donors can elect to make their contribution a one-time gift or become part of our Monthly Caring Clubs and make reoccurring gifts. Gifts made online will be processed by the MVH online merchant account and will be shown as a gift to Maine Veterans’ Homes. To make a credit card donation via mail, please use the Charitable Donation Form to let us know how you would like us to use your gift and mail the form to Maine Veterans’ Homes, 460 Civic Center Drive, Augusta, ME 04330.

Gifts of Stocks & Bonds

As the value of these gifts can fluctuate daily, we recommend you contact Josh Scroggins in the Development Office at 207-430-4484 or via email at jscroggins@mainevets.org to assist you with this donation when you are ready. 

Gifts In Kind (< $500 in value)

A Gift In Kind in this category is a non-­monetary gift such as DVDs, magazines or books for resident use.  Like all other gift types, contributions can be made to the Central Office or to a Home, but not to an individual employee. While we will accept gifts we feel will be of benefit to our residents, we cannot promise to keep them forever. Most gifts in this category will become worn and will eventually need to be discarded. Occasionally gifts in this category may be shared with another MVH Home. Please use a Gift In Kind Form when you donate an item(s) so we know where you would like your gift to be used.

Gifts In Kind (> $500 in value)

A Gift In Kind in this category is a non-monetary gift such as rare artwork and books, coin and stamp collections, musical instruments, furniture, fixtures and equipment. Gifts of $500 to $4,999 may be approved by the Home administrator or director of development to ensure they can be used in the method intended by the donor. A Gift Agreement for gifts in this level will be drawn up to address restrictions, recognition and future disposition if that should be deemed necessary. Gift ­In Kind with a value that exceeds $5,000 may only be approved by the CEO and once approved will be recorded on MVH’s financial records at the appraised value. The donor is responsible for providing a copy of the qualified written appraisal in accordance with IRS regulations in order to substantiate the fair market value of the goods donated.

Bequests

Bequests are gifts left to Maine Veterans’ Homes through the donor’s last will. If you would like to support us in an established will, you may add a codicil to your will naming Maine Veterans’ Homes as a beneficiary.

Matching Gifts

Matching Gifts are contributions received from an individual’s employer or the employer’s foundation that are generated as a result of an employee’s donation to MVH. If your employer has a matching gift program, and you need assistance applying for a matching gift, please contact the Development Office.

Gifts of Real Estate

Gifts of Real Estate represent inherent complexities and risks. However, MVH will consider and evaluate all offers for real estate gifts. Close attention will be paid to fully understand the environmental liability risks and marketability risks and any possible costs of holding real estate for future use or during a sale period. Before accepting a gift of real estate, the donor will need to submit our Real Estate Checklist. In general, gifts of real estate will be sold as soon as possible and the funds will be used in accordance with the donor’s wishes. Possible exposure to environmental liability and possible challenges in marketing the property might be reasons to not accept a gift and MVH retains the right to refuse a gift during negotiations without incurring cost or liability. Any sale that occurs within three years of the date of gift will be reported to the IRS on IRS Form 8282 as required by law.

Gifts of Life Insurance Policies

Gifts of Life Insurance Policies may be accepted as long as MVH is named as owner and beneficiary of the policy. Life insurance policies may be fully paid, be in a state of “vanishing premiums” or be in a state where annual premiums are due. If premiums are due, the donor may deduct for income tax purposes each year the amount of the premium paid. MVH prefers that it pay premiums with the donor making a gift to MVH in the amount of the premium. MVH may also choose whether to continue to make premium payments, with offsetting gifts from the donor, or to surrender a policy for the cash value. The funds from the policy, whether realized at the time of the donor’s death, or at the time the policy is surrendered for the cash value, can be directed by the donor for use by the home of their choice to benefit the unit or program of their choice.

Restricting Your Gift

Regardless of gift type, MVH respects the rights of donors to direct and Restrict Their Gifts to a particular home, unit, department, or program. Sometimes a donor will indicate which home they would like to support, but not how they would like the Home to use the gift.  Please visit Ways to Restrict A Gift for easy ways to direct how we use your donation.  In the event a donor doesn’t provide guidance beyond which home they would like the funds used at, we have established the following:

Gifts of up to $1,000 will be directed to the Resident Activities Fund at that home.

Gifts over $1,000 will have the first $1,000 directed to the Resident Activities Fund and the remainder of the gift will be used for the home’s greatest need.  Greatest need will be determined by reviewing the home’s current development wish list as well as capital project list.

Which Home would you like your gift to be directed to:

Augusta   Bangor