Nancy Chase’s story is a familiar one. A generational Nantucketer, Nancy owned several properties on Nantucket which had increased in value over time. Nancy sold one of these properties in 2008, and created a Charitable Remainder Trust which held the proceeds from that sale. This accomplished several things:
- Nancy avoided any capital gains on the sale, which would have been significant;
- She received income from her trust to support her during her lifetime; and
- She supported several Nantucket charities, including the Community Foundation, with the funds from her trust upon her death.
“Being Sustainers to the Nantucket Fund allows us to ensure that we are able to make an impact across all areas of the island, ensuring some of our annual support goes to smaller yet vital organizations that we might not know about otherwise.”
Pamela and Max Berry
Become a Nantucket Fund Sustainer. Donors who commit to a multi-year pledge of $10,000 or more to the Nantucket Fund help ensure that significant grants address those needs that are the greatest, now and in the future.
We chose to make a recurring monthly donation to the Nantucket Fund because it makes being charitable on Nantucket easy. Regular small donations allow us to make a big difference on the island we call home.” Lisa Botticelli and Ray Pohl
Make a monthly recurring gift to the Nantucket Fund and spread your gift over time! This is a convenient and simple way to make a difference.
- A gift of $50 a month translates to a donation of $600 a year
- A gift of $100 a month translates to a donation of $1,200 a year
“Recently, I took a year off from full-time work and was without a regular income stream. My Donor Advised Fund meant I didn’t have to stop or slow down my charitable giving and my philanthropic footprint was still visible on the streets of Nantucket! I could still support the community I call home.” Janet Schulte
In 2013, Janet donated stock, which had appreciated significantly, to the Community Foundation to create a Donor Advised Fund. She avoided any capital gains on the appreciated value, which left the entire asset available for charitable gifts.