Margaret B. Ferree Legacy Society
The Margaret B. Ferree Legacy Society honors donors who have made a planned gift to Talbot Hospice, helping secure its future and inspiring others in our community. These gifts ensure that hospice care will remain available for generations to come, which is especially important as Talbot County’s over-65 population continues to grow. The Society is named in honor of Margaret B. Ferree, a longtime advocate, board member, and generous supporter whose philanthropy helped build the first Hospice House and advance hospice services, with her final legacy being a gift through her estate.
Margaret B. Frerree
Examples of Planned Giving
You can name Talbot Hospice as a beneficiary in your will or trust agreement. Your bequest might be an outright gift of cash, a percentage of your estate, mutual funds, stocks, real estate or personal property. The advantage of leaving a gift to Talbot Hospice in your estate planning documents is that it allows you to make a contribution without sacrificing your resources during your lifetime, and can reduce or eliminate taxes imposed on your estate.
Talbot Hospice can be named as a beneficiary or owner of a life insurance policy. Making a gift of life insurance enables you to arrange a future gift to Talbot Hospice without financial impact during your lifetime. Charitable tax deductions may also apply to these gifts.
Gifts of appreciated real estate or securities allow the donor to avoid capital gains on the sale of the assets. A donor can transfer appreciated real estate or securities in-kind to Hospice and Hospice can then sell the assets without having to pay taxes on the gain because it is a qualified charity.
A trust is a special type of “holding” device for assets. Basically, you can assign a certain amount of your assets to the charitable trust. The trust “holds” them and pays out the income for those assets—interest or dividends, for example, according to your instructions. Charitable trusts enable you to make a sizeable contribution to Talbot Hospice while receiving significant tax deductions and also retaining an income stream from the Trust.
Talbot Hospice is pleased to partner with the Mid-Shore Community Foundation (MSCF) which is licensed by the State of Maryland to offer Charitable Gift Annuities (CGA). MSCF will provide the annuity to clients who wish to make Talbot Hospice the designated charity for their annuity. When you purchase a Charitable Gift Annuity of at least $10,000 from MSCF (minimum age 55), MSCF will pay you income for the rest of your life, based on tables created by the American Council on Gift Annuities. You will also earn a tax deduction at the time of your gift, and a portion of every payment that you receive will be tax free for approximately the first ten years of the annuity.