Charitable Gift Annuity: A Gift That Gives Back

You can make a gift to the Y of cash or appreciated securities and receive fixed income for your lifetime and/or the lifetime of someone else you choose. Here are some other reasons why you might want to consider it:

• The income does not vary with changes in the economy; a portion of it is usually tax-free, and it is backed by the YMCA’s unrestricted assets.
• You receive a charitable deduction in the year of the gift.
• At the end of your lifetime, the remainder of the annuity principal will pass to the YMCA’s endowment and create your legacy: annual funds generated every year to help the Y continue to influence the lives of Hawaii’s youth and families for generations to come!
  

A charitable gift annuity could be a great addition to your retirement planning! The minimum gift to establish a CGA with the Y is $10,000, and the minimum annuitant age is 60. The YMCA offers the maximum recommended rates suggested by the American Council on Gift Annuities, for example:

If you are age 50 or older, you can lock in an even higher rate by deferring the payment start date. You can even arrange for a flexible start date. In addition to cash or appreciated securities, real estate can sometimes be contributed in exchange for a deferred payment charitable gift annuity.

A charitable gift annuity may be a win-win for you and the Y! For a complimentary illustration at no obligation, please contact, in confidence, Kerri Van Duyne, Vice President of Development, at (808) 541-5473 or kvanduyne@ymcahonolulu.org. Kerri will be glad to assist you with this or any other gift that requires planning.

Because everyone’s situation is different, The Y encourages you to seek professional legal, estate planning, and financial advice before deciding on a course of action. This information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice.