“When 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
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.
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.
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
“We chose to invest in the Community Foundation’s Nantucket Fund as a way to support the island our family loves. We know that through a multi-year gift we are able to help the most critical needs on Nantucket today and in the future.”
Ann and Johnny Johnson
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.