Help shape the future of our community by giving to the Y in your will, trust, or IRA
A bequest or beneficiary designation for the YMCA in your will, trust, retirement plan or life insurance policy is a gift that keeps on giving, year after year. A planned gift is a way to support the mission and programs that you believe in long after your lifetime. Together, we can strengthen our community for generations.
Ways to Make a Planned Gift
There are several ways to include the Y as part of your financial and estate planning. Tax benefits can include an immediate charitable deduction; avoidance of capital gains tax; reduction of estate taxes, and others. As with all tax matters, please consult with your tax attorney and tax advisor for information specific to your situation.
Immediate gifts of cash, appreciated securities, real or tangible property are welcome additions to the YMCA Endowment Fund.
A gift to the YMCA by will or living trust permits you to retain all your assets during your life. Designations may be for a percentage of your estate, a specified amount or for the residue of your estate. By including a charitable bequest to the Y in your will or living trust, your gift also entitles your estate to an unlimited federal estate tax charitable deduction.
You may add the YMCA as a revocable beneficiary of your qualified IRA, pension plan, bank account or insurance policy.
When the added protection of an insurance policy is no longer needed, transferring the policy’s ownership to the YMCA can result in tax benefits for you and a generous gift to the YMCA.
A charitable gift annuity allows you to support the Y’s work while receiving fixed payments for life. Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with the Y you can receive a variety of tax benefits, including a federal income tax charitable deduction.
If you have built up a sizeable estate and are looking for ways to receive reliable payments, set up a charitable remainder trust. Benefits include a partial charitable income tax deduction, potential for increased income and up-front capital gains tax avoidance.
If you desire to retain ownership of the trust principal to meet future financial goals for your family, but have ample income now, a charitable lead trust directs income from the trust to the YMCA Endowment Fund for the specified terms of the trust. After that period of time, the principal returns to you or your designee.
When you give the Y appreciated property you have held longer than one year, you get a federal income tax charitable deduction, you avoid paying capital gains tax, and you no longer have to deal with that property’s maintenance costs, property taxes or insurance. You also don’t have to hassle with selling the real estate!
Establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of the Y’s mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.
When you make a donation to our endowment, you give a gift with both immediate and long-term benefits. Here’s how it works: Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at the YMCA of the Treasure Coast. The remaining funds are reinvested to ensure indefinite support.
A donor advised fund, which is like a charitable savings account, allows you to transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted to the Y or other charities. You’ll receive an immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support.
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