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Planned Giving

An Investment in Cape Cod Healthcare’s Future

Planned GivingBy making a planned gift, you can make a significant gift to Cape Cod Healthcare and gain financial and tax benefits for you and your family.

There are several types of gifts that first pay income to you, your family, and then ultimately benefit Cape Cod Healthcare. Below are various forms of charitable gift plans to consider. We would be delighted to work with you and your advisors in arranging planned gifts that best suit your family, financial, and philanthropic objectives.

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Beacon Society

Members of Cape Cod Healthcare's Beacon Society are those who are making a commitment that will benefit our organization in the future. Such charitable gifts include Bequests, Trusts, Charitable Gift Annuities and Pooled Income Funds. We are grateful to each member of the Beacon Society for supporting our vision and investing in the future of our health system.

Gifts That Pay You Income

Charitable Gift Annuity: The Charitable Gift Annuity is among the oldest, simplest, and most popular of the charitable life-income plans. In exchange for a transfer of cash, marketable securities, or, in some circumstances, real estate, we contractually guarantee to make specified annuity payments to you and/or another beneficiary for life. The payout rate depends on the age(s) at the time of the gift.

Benefits:

  • Fixed payment for life lines (2 maximum)
  • Allowable federal income tax deduction
  • Part of payment is tax-free

Charitable Remainder Trusts (CRT) : The growing popularity of charitable trusts can be credited to the financial- and estate-planning flexibility they afford. With a CRT, assets are placed into the trust which provides income to the pre-determined beneficiary or beneficiaries. At the end of the term of trust, "the remainder" distributes to Cape Cod Healthcare. The donor selects the rate of return and trustee of the trust.

Benefits:

  • Beneficiaries enjoy income from trust (without managing the property)
  • May realize significant federal charitable deduction in year of gift
  • Reduction of estate settlement costs
  • Avoidance of capital gain in some instances

Charitable Remainder Annuity Trust (CRAT) : Instead of a variable payout, the CRAT pays beneficiaries a fixed amount for the entire trust term. The donor selects the trustee and rate of return, as allowed by law. This is particularly suitable for a beneficiary who desires security of a specific fixed amount. 

Benefits:

  • Beneficiaries enjoy fixed income from trust (without managing the property)
  • May realize significant federal charitable deduction in year of gift 
  • Reduction of estate settlement costs

Pooled Income Fund: A fund managed by Cape Cod Healthcare's trustee in which gifts are “pooled” for investment purposes with income shared proportionately among the participants. The rate fluctuates with the market.

Benefits:

  • May realize significant federal charitable deduction in year of gift 
  • Avoidance of capital gain with gifts of appreciated securities.

Bequests

Bequests - both large and small - have helped shape Cape Cod Healthcare into the nationally-recognized health system it is today. For many benefactors and friends of Cape Cod Healthcare, a charitable bequest is the easiest and best way to make a gift. You can name Cape Cod Healthcare as the beneficiary of a portion of your estate, or of particular assets in your estate. Many of our most powerful gifts have been bequests, including one from Cape Cod Hospital founder Charles L. Ayling.

Benefits:

  • Fulfill your philanthropic goals
  • Eliminate potential federal estate or property passing to charity at death
  • Reduce costs and time in estate settlement

Gifts of Retirement Plan Assets

Retirement plans now account for 36% of household wealth, so assets in those plans are often used for charitable gifts. A simple way to make a gift from your IRA, 401(k), 403(b) or other defined contribution plan is to name our institution as a beneficiary of all or a percentage of whatever might remain in the fund at the end of your life. You need only complete a change-of-beneficiary form, which you can obtain from your plan administrator. Such a gift could be a cost-effective way to make a charitable gift. Here’s why: These assets (unless from a Roth IRA) are subject to income tax when paid to a non-charitable beneficiary, and they may also be subject to estate tax, depending on the size of your estate. However, they are subject to neither tax when they distribute to Cape Cod Healthcare.

Benefits:

  • Fulfill your philanthropic goals
  • Eliminate potential federal estate or property passing to charity at death
  • Reduce costs and time in estate settlement

Attorney and Advisor Information

Cape Cod Healthcare Foundation welcomes the opportunity to work with you and your clients to identify tax-wise ways to support Cape Cod Healthcare’s charitable nonprofit mission. Please contact us directly for information or confidential help.

Legal Name

All charitable gifts should be directed to “Cape Cod Healthcare Foundation.” Also, please indicate whether the gift is for Cape Cod Healthcare or one of our entities - Cape Cod Hospital, Falmouth Hospital or the VNA of Cape Cod, and if the gift is for general purposes or should be restricted to a particular project or program.

Tax ID Number

Cape Cod Healthcare Foundation is a 501(c)(3) not-for-profit organization; Tax ID#: 04-3475950.