Beneficiary of Your Will or Trust

A common and simple way of supporting The Cedars is by making a provision in your will or trust.

Your will designates your beneficiaries and spells out your final wishes. The beneficiaries would include your heirs, of course, but many people include provisions for charitable organizations as well. It is our hope that you will consider including The Cedars in your plans.

Do note that a bequest in your will to The Cedars would be exempt from both federal and Maine estate tax.

The following suggested forms of bequests are examples that can be adapted by you and your attorney to meet your specific intentions.

Specific Bequest A specific bequest names a particular dollar amount to be left to The Cedars.

“I give and bequeath to The Cedars, a Maine non-profit corporation, 630 Ocean Avenue, Portland, Maine, the sum of $ ___________ to be used for the general purposes of the organization (or to be used for a specific purpose such as endowment, programming, staff education, etc.).”

Residuary Bequest A residuary bequest first leaves specific amounts to family members, friends, or other charities, and then designates that all or part of what remains should go to The Cedars.

“I give and bequeath to The Cedars, a Maine non-profit corporation, 630 Ocean Avenue, Portland, Maine, all (or stated percentage of) the rest residue and remainder of my estate to be used for the general purposes of the organization (or to be used for a specific purpose such as endowment, programming, staff education, etc.).”

Contingent Bequest A contingent bequest names The Cedars to receive part or all of your estate in the event your designated beneficiarie(s) predecease you.

You might insert in your will language such as the following:

“If any beneficiary named in this will is not living at my decease, then I give, devise and bequeath to The Cedars, a Maine non-profit corporation, 630 Ocean Avenue, Portland, Maine, any bequest which said beneficiary would have received if he or she had survived me.”

If you have any questions, please contact Tracy Ericson, Associate Director of Development at  (207) 221-7007 or tericson@thecedarsportland.org.

The Cedars’ tax identification number is 01-0451663.