Bequests

One way to support the Harlow is through a bequest from your estate upon your death.   Bequests to the Kennebec Valley Art Association (KVAA), the membership based non-profit that owns and operates the Harlow Gallery, ensure the organization’s stability and further our half-century-strong legacy of promoting arts and culture in central Maine for generations to come.

In considering such a gift, there are multiple possibilities:

  • You can leave a specific amount to KVAA/Harlow Gallery.
  • You can leave a percentage of your estate (or what remains after you have provided for the people you care about).
  • You can leave a particular investment, account or piece of property.
  • You can give directions as to how the gift should be used by KVAA/Harlow Gallery (for example, to be used for ongoing operating expenses, or preservation of our building) or you can leave the gift unrestricted, allowing us to use the gift where it is most needed.

How to get started:

  1. In a Will
  2. In a Revocable (“Living”) Trust
  3. By naming the KVAA/Harlow Gallery as the beneficiary or “transfer on death (TOD”) designee of a particular account.

Below you will find sample language you can insert in each of these three types of documents.  (Note:  This is not intended as legal advice and it is recommended that you obtain legal advice with respect to your estate plan.)

The Kennebec Valley Art Association (KVAA) is a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code, and all gifts are tax deductible, for both income and estate tax purposes.  The KVAA was founded in 1957 and opened the Harlow Gallery at 160 Water Street in 1963.

For more information on how you can help the Harlow with a legacy gift, please contact Executive Director Deborah Fahy by email at deb@harlowgallery.org or call  (207) 622-3813.
_________

1. Sample language to be used in a Will:

  • Gift of a specific amount: To the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine, I leave the sum of $____  
  • Gift of a percentage:  To the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine, I leave _____ percent of the residue of my estate.
  • Gift of a particular account, investment or piece of property: To the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine, I leave my [specify particular stock, investment or piece of property].

2. Sample language to be used in a Revocable (“Living”) Trust:

  • Gift of a specific amount: The sum of $_______________ shall be distributed to the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine.  
  • Gift of a percentage:  _________ percent of the remaining balance of the Trust, after the foregoing distributions, shall be distributed to the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine.
  • Gift of a particular account, investment or piece of property: ___________________ [specify particular stock, investment or piece of property] shall be distributed to the Kennebec Valley Art Association, a nonprofit organization located at 160 Water Street, Hallowell, Maine.

3. Sample language to be used in naming KVAA/Harlow Gallery as a beneficiary or “transfer on death (TOD”) designation on a particular account (such as a bank or investment account, life insurance policy, annuity or retirement account):

  • Kennebec Valley Art Association (EIN 01-6018601), 160 Water Street, Hallowell, Maine.

Note:  When it comes to naming beneficiaries on a tax-deferred retirement account, such as an IRA, 401K, 403B or similar account, there are important income tax considerations, and it is advisable to obtain the advice of an accountant or estate planning attorney.

Brooks Harlow at the Harlow July 2011

Long-time benefactor, Mr. Brooks Harlow, Jr. at the Harlow Gallery in 2011 with staff members Nancy Barron, Deb Fahy and Nancy Bixler.