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The Y has lasted in a world where so much comes and goes quickly. The Y is stable, values-based, professionally managed, in touch with public sentiment, and capable of meeting the changing conditions and needs of the future. The Y is a gift we received – that was here when we were born. It is a gift we should give to those still unborn to perpetuate values that really matter.
Friends of the Y help to extend its influence beyond their own lifetimes with gifts of assets they have accumulated. Such gifts can be directed to support the overall work of the Y or can be designated to support a specific Y branch or program.
The nation’s tax laws provide incentives that encourage philanthropy, recognizing the role charitable organizations (including the Y) play in meeting important, societal needs. Depending on the specific arrangement, you can expect some or all of the following benefits of a well-designed gift to the Y:
Income tax savings through the charitable deduction for the value of the gift;
Avoidance of the capital-gains tax on contributions of stock or certain kinds of property that have increased in value over time;
Income for life, for a donor and/or other beneficiaries;
The possibility of increased, spendable income with certain arrangements;
Elimination of federal estate tax on the value of a gift passing to the YMCA upon the donor’s death;
Reduced estate settlement costs.
When the Y is aware of your financial as well as philanthropic objectives, we can help formulate a plan that takes full advantage of the available tax benefits while fulfilling your desire to benefit future generations of children and families through the Y.
We welcome the opportunity to confidentially discuss how a giving plan might work for you! Investigate your gift planning opportunities here.
For more information or questions, please call our Financial Development office at 859-367-7328.
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