Legacy Circle

Your Legacy is Our Future.

Planning Your Legacy

By including the Nantucket Land & Water Council – the island’s environmental advocate – in your estate plans you are electing to become a steward of Nantucket’s treasured land and water resources for future generations. 

There are various ways to make a gift. We encourage you to consult with your attorney or tax advisor about the various tax benefits and restrictions that may apply to your specific situation and to make certain that your gift fits well into your overall circumstances and planning.

We are available to work with your attorney or advisor to answer questions or help arrange a planned gift to the NLWC.

Nantucket Land Council Legacy Circle

Anonymous

Larry Breakiron†

Jean Haffenreffer†

Adrienne McCalley†

Virginia and Alan Nathan

Brooks and Meredyth Smith

Eva Howe Stevens†

Jonathan C. Swain

† Deceased

Nantucket Land Council Legacy Circle

There are a variety of ways you can make a Legacy gift. The NLWC has provided sample language for various forms of bequests. However, these are just suggestions. We encourage you to consult your attorney and financial advisors to make certain that your gift fits well into your overall circumstances and planning. If you’d like to discuss any of these options, please contact Development Director Michelle Whelan.

Bequests are the most common type of planned gifts. They are easy to arrange and the bequest remains in your control. You can change your mind at any time, and you can structure the bequest to leave an amount, a specific item, or a percentage of your estate to the Nantucket Land & Water Council. Your bequest is entitled to an estate tax charitable deduction for the gift’s full value. Please click HERE for suggested Bequest language you can use.

Real Estate Transfer with Life Estate

Alternatively, you can transfer real estate while retaining a life estate for yourself and your family.

Life Insurance

You could name the NLWC as a beneficiary of a life insurance policy, assigning a fully paid-up policy to the NLWC, or transferring ownership of a policy to the NLWC.

Retirement or Deferred Compensation Plans

You can gift assets to the NLWC through annuities, IRAs, 401 (k) plans and other types of deferred compensation plans. NLWC can be listed as a beneficiary, secondary (contingent) beneficiary or as a beneficiary of a percentage of the total value of the plan.

Charitable Gift Annuities and Annuity Trusts

You can give an irrevocable gift of cash or securities in exchange for a fixed income payment for a set term or for life. This allows for an immediate tax deduction while giving the organization the opportunity to invest and grow the funds. Whenever the annuity term is up, NLWC retains the remaining funds. Annuities are often set up through Trusts. Annuity Trusts allow for significant gifts to be made while still ensuring that your income is still increased by your assets.

Charitable Lead Trusts

You can choose to make gift through a charitable lead trust such that NLWC receives a fixed income stream set to a specific term length or for your lifetime. When the term ends, the remaining assets return to you or your beneficiaries. Lead trusts are a great way to help our organization diversify our funding channels increase the security of our funding, while reducing your estate taxes and still allowing for the transfer of wealth to your heirs.