Gifts that Give Back

Gift Annuities

A gift annuity provides both a gift to the YMCA and guaranteed payments during your life or during the life of you and your spouse. The annuity rates depend on your age. Moreover, a portion of your annuity payments (100% in some cases) will be paid out tax free. All donors will also receive a donation receipt for a portion of their original contribution.

Charitable Remainder Trust

A charitable remainder trust is a deferred giving arrangement under which you irrevocably transfer property (cash, security, real estate) to a trustee. You retain the right to the earnings from the trust, either for life or a specified term of years, and at the end of that time, the trust principal becomes your gift to the K-W YMCA Endowment Foundation or YMCA of Cambridge Foundation. You receive a donation receipt for the present value of this remainder interest. In consultation with the YMCA Planned Giving staff, you may designate your gift for a particular area of interest or as an endowment.

Gift of Residual Interest

A gift of residual interest "gives back" but in a different way. You may donate your residence but retain the right to occupy it for life, or give artwork and continue to enjoy it during your lifetime. In each case, you receive a donation receipt for the present value of the "residual interest" you have given.

Note: A donation receipt is issued when a contribution or transfer of funds is complete. A determination of present values is required.