Make a Legacy Gift

You can name Duffy Health Center in your estate plans, ensuring your legacy of supporting healthcare and support for the most vulnerable members of the Cape Cod community even after you are gone.

There are many ways to make a planned gift. If you own real estate, or have a life insurance policy or retirement plan, you have assets that can be used to make a planned gift to Duffy.

Duffy Health Center is a 501(c)(3) private nonprofit organization. Donations are tax-deductible to the full extent allowed by law.
EIN/Tax ID: 04-3373741

Ways to Name Duffy in Your Estate Plans

Name Duffy in Your Will

Making a bequest to Duffy in your will is a simple and meaningful way to make a positive impact and is a commonly used method for donors to support their favorite charities. Both monetary and physical assets can be bequeathed to Duffy in your will. If you are interested in bequeathing physical assets to Duffy, please contact Kim Norton-O'Brien, Chief Development & Communications Officer,
at (508) 565-8867 of via email to let us know your intent.

Here is some example bequest language.

PERCENTAGE OF ESTATE - FOR ANY PURPOSE
• I hereby give, devise and bequeath to Duffy Health Center, a nonprofit, non-stock Massachusetts entity with its principal office in Hyannis, Massachusetts, _____ percent (%) of the rest, residue and remainder of my estate as an unrestricted gift to be used in the area of greatest need at the time the gift is received.
• I may choose at a later date to enter into a separate agreement between myself and Duffy related to the use of this gift and would request that Duffy utilize the gift in accordance with the terms of that agreement.

PERCENTAGE OF ESTATE - FOR A SPECIFIC PURPOSE
• I hereby give, devise and bequeath to Duffy Health Center, a nonprofit, non-stock Massachusetts entity with its principal office in Hyannis, Massachusetts, _____percent ( %) of the rest, residue and remainder of my estate to be used for _______________ at Duffy. It is understood and
agreed that should the purpose for which this bequest is instituted cease to exist, then Duffy may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.

SPECIFIC AMOUNT - FOR ANY PURPOSE
• I hereby give, devise and bequeath Duffy Health Center, a nonprofit, non-stock Massachusetts entity with its principal office in Hyannis, Massachusetts, the sum of _______ dollars ($ ) as an unrestricted gift to be used in the area of greatest need at the time the gift is received.
• I may choose at a later date to enter into a separate agreement between myself and Duffy related to the use of this gift and would request that Duffy utilize the gift in accordance with the terms of that agreement.

SPECIFIC AMOUNT - FOR A SPECIFIC PURPOSE
• I hereby give, devise and bequeath to Duffy Health Center, a nonprofit, non-stock Massachusetts entity with its principal office in Hyannis, Massachusetts, the sum of __________ dollars ($ ) to be used for ______________________at Duffy.
• It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then Duffy may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.

Name Duffy as a Beneficiary of Your IRA, 401k, or Pension

Name Duffy as a Beneficiary of Your Life Insurance Policy

The most straightforward approach is to designate a charity as the beneficiary of a permanent policy, such as whole life. This type of policy, which covers someone for their entire life provided the premiums are paid, differs from term insurance which covers someone for a defined period of time (after that set time term insurance policies usually have provisions for continuing coverage, albeit at higher premiums). When making a charity the beneficiary of a permanent policy, the donor retains ownership of the permanent policy and, therefore, has continued access to the policy’s cash value.

Naming a charity as a life insurance beneficiary is simple: you write in the charity name on your beneficiary designation form. Life insurance policies allow you to pick multiple beneficiaries and even specify what percentage of the death benefit should go to each beneficiary.

Take Action: Contact your plan administrator to add Duffy Health Center as a policy beneficiary.

Create a Charitable Gift Annuity

Transfer your cash or appreciated property to Duffy Health Center in exchange for a partial tax deduction and payment of an annual fixed income for the rest of your life. Charitable gift annuities allow you to receive income and realize a tax benefit while providing financial support to Duffy.

Take action: Contact your financial advisor for information and assistance.

Create a Charitable Lead Annuity Trust

Create a Charitable Remainder Annuity Trust

If you are age 55 or older, an annuity trust can be established by transferring cash or securities in trust to Duffy Health Center. If you select Duffy Health Center as trustee, it manages the trust for you and/or other designated income beneficiaries. The trust provides you with an annual fixed income amount that is percentage of the initial fair market value of the trust assets. These fixed payments continue for your life and the lives of any other beneficiaries. Any income earned by the trust that exceeds the annuity amount is added to the trust principal. If trust earnings are insufficient to meet the annuity amount, principal is used to make up the deficit.

An annuity trust entitles you to a current-tax-year charitable deduction. In addition, you avoid having to pay capital gains tax on the appreciation in the year of the gift and can instead spread this liability over a period of years. Upon the death of the last surviving income beneficiary, the assets in the trust pass to Duffy Health Center. No additional contributions can be made to this type of trust.