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Earn income through your gift

Gifts that return income to the giver are among the many creative ways to give to NEC. There are many options, each with unique benefits. To determine which is best for your individual situation, please contact Marian Alper, Director of Major Gifts, at 617.585.1196.

Charitable Gift Annuity

A charitable gift annuity is a contract between you and NEC. In exchange for an irrevocable transfer of assets, NEC agrees to pay you or another designated beneficiary fixed income for your life.

  • The amount of the annual fixed income payment is based on the age of the beneficiaries.
  • A portion of each payment is tax-free.
  • Your estate may receive a reduction in probate costs and taxes.
  • You receive a charitable income tax deduction in the year the gift is made.

Pooled Income Fund

In this plan, your irrevocable gift to NEC is pooled with the gifts of other donors who participate. Much like a mutual fund, donors receive shares in the fund. Each year, donors receive income from their prorated shares. When the last of your income beneficiaries dies, the principal attributed to your gift is transferred to NEC.

  • The amount of annual income is based on the fund’s performance.
  • You receive a charitable income tax deduction in the year the gift is made.
  • Your estate may receive a reduction in probate costs and taxes.
  • You may make additional contributions to the fund at any time.
  • You may avoid capital gains tax.

Charitable Remainder Trust

A charitable remainder trust allows you to make an irrevocable transfer of assets to a trustee of your choice. You choose the annual amount of income paid to you or other beneficiaries for the duration of the beneficiaries’ lives or another term of years. The trust’s investments are held separately and invested by the trustee. When the trust terminates, the principal will be transferred to NEC for unrestricted or other expressed purposes.

  • Your estate may receive a reduction in probate costs and taxes.
  • You have control over the amount of income paid. It may be structured as a fixed or variable amount.
  • You receive a charitable income tax deduction in the year the gift is made.
  • You may reduce or eliminate your capital gains liability for the assets you give.