Bill and Marie Demaso Make a Magnificent Gift
Over the course of decades, Bill and Marie Demaso have given so much of themselves to St. Joseph Healthcare. Marie was active for years with the hospital’s Auxiliary, while Bill served on the hospital’s board of trustees from 1994 through 2021. During this time, they have been among our most consistent and impactful benefactors.
In December, Bill and Marie elected to contribute shares of highly appreciated stock and monies from his and Marie’s individual retirement accounts. Bill has years of practical experience in and analyzing the stock market, and used that knowledge to make many of his charitable giving decisions.
“A gift of highly appreciated stock that has been held for at least one year offers tremendous tax benefits for donors, as does a gift from one’s IRA, assuming the donor is at least 70 1/2 years of age,” says Brad Coffey, foundation president. “The Demasos are incredibly thoughtful when it comes to their philanthropy. They are deeply supportive of several important charities in the Bangor area. St. Joe’s is fortunate to be among them.”
According to Bill, “Our livelihood and comfort have come from the community, so we feel strongly about reinvesting in our community. St. Joseph Hospital has always been one of our favorite organizations.”
The Demasos’ gift will be used to help renovate the hospital’s main lobby and make improvements to its inpatient facilities.
In response to their gift, St. Joseph Healthcare president Mary Prybylo shares: “I am incredibly grateful to Bill and Marie Demaso for this gift and for their extraordinary generosity over many decades. We are most fortunate to have them as members of the St. Joe’s family.”
If you would like to learn more about making a gift to St. Joseph Healthcare Foundation of appreciated securities and/or qualified charitable distributions from your IRA, please contact the foundation president, Brad Coffey, at 207.907.1740.