Include us in Your Estate Plans

Make a lasting contribution to Palliative & Supportive Care of Nantucket Foundation (PASCON) and help ensure that we can continue to provide crucial services to the Nantucket community.
– Include PASCON in your will or revocable living trust
– Name PASCON as beneficiary of your bank account, retirement account, pension plan, or insurance policy.
– Donate securities (i.e., stock), personal property, real estate, and insurance policies.

Bequests

Your bequest of any amount will continue to help PASCON provide its services beyond your lifetime. To make a bequest of cash, securities, or other property, include the following in your will (or supplemental codicil, if you do not wish to write a new will):

“I give and bequeath to Palliative & Supportive Care of Nantucket Foundation, a non-profit
corporation with Federal ID # 27-2969889, having its principal office at
57 Prospect St,Nantucket,MA02554, or its successor,

(Option 1) . . . the sum of $_______________ . . .
(Option 2) . . . __________ percent of the rest, residue and remainder of my estate . . .
(Option 3) . . . the following assets: (for example, real estate, securities, personal property) . . .

You may bequest cash, real property, appreciated securities, or other assets. You will need an attorney to help you draw up a will that meets the legal requirements. The sample text we provide on this site is for guidance only. You will need an attorney to draw up a legal will. There may be ways to reduce or eliminate estate taxes through donations to PASCON. Consult an attorney or accountant for help with this.

Types of Bequests

Specific: If there is a specific amount or item (a treasured piece of art, for example) you wish to leave PASCON, you would make a specific bequest.
Residuary: A residuary bequest is one that is made after all of the other expenses (bequests, debts, taxes) of the estate are paid.
Contingent: A contingent bequest is one that is made under specific conditions. If, for example, your primary beneficiary does not survive you, you can indicate your next choice through a contingent bequest.

Designating PASCON in Your Estate Plan

If including PASCON in your estate plan, list as: Palliative & Supportive Care of Nantucket Foundation, a nonprofit corporation, organized and existing under the laws of the state of Massachusetts, and with principal business address of 57 Prospect St, Nantucket, MA 02554. Our tax identification number is 27-2969889.

Gift of Life Insurance

You can give a life insurance policy with a substantial cash surrender value to PASCON. There is little or no cost in naming PASCON as the sole or partial beneficiary of your policy.

You might also use your life insurance policy to replace for your heirs the money you have donated to PASCON through a will or trust. You might find that a Life Insurance Trust, when used in conjunction with Charitable Remainder Trusts, will benefit you and your heirs.  Ask your attorney or accountant for details about these and other kinds of trusts that might help reduce or eliminate estate taxes while benefiting PASCON.

Donating Stock & Appreciated Assets

There are benefits to donating stock and appreciated assets.

  1. For most contributions, the charitable deduction is the fair market value at the time of transfer.
  2. Capital gains taxes which would be realized in the event such securities were sold can      be avoided.
  3. There are likely no brokerage fees or sales commissions.

To donate, follow these simple instructions:

  1. Notify your broker in writing of your plan to gift securities to PASCON.
  2. Tell your broker to contact us for instructions on how to complete the transfer.
  3. PASCON will mail you a tax receipt once your broker lets us know that the transfer went through.

The information on this page is for guidance and reference only. It is not to be mistaken for legal or financial advice. You will need to consult an attorney or accountant before proceeding with any bequests or designations.

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