THE YMCA SHOULD LAST FOREVER
For over 150 years, the YMCA has devoted itself to youth development, healthy living and being socially responsible. We want to ensure that we will forever be available—providing membership and programs—for everyone who wants and needs the Y in their lives. The good you do can live on forever through a gift to the Peninsula Metropolitan YMCA Endowment fund.
There are several types of plans listed below. Many of these have wonderful benefits for the gift donors such as increased income and generous tax savings. You will want to consult a tax professional about your plans. We can suggest the following past President of our YMCA as someone who is available to assist you with clear and understandable information about endowing specifically to the YMCA.
Robert M. Pfeifer
727 J. Clyde Morris Boulevard, B
Newport News, VA 23601-1507
An outright gift of cash – In this way, donors not only benefit from the good that will be done but current income tax savings.
An outright gift of appreciated assets – If you chose to contribute such items as stock or property owned for longer than one year, you would receive a charitable deduction equal to the current value of the assets while avoiding capital gains taxes.
A life insurance gift – Naming the YMCA as a primary or even secondary beneficiary of your insurance policy paves the way for a large future gift. Should you wish to contribute a life insurance policy that is no longer needed to protect current beneficiaries, you could realize substantial income tax deductions.
A gift through your will – You may wish to consider including the YMCA in your will or living trust. In this way, a fixed amount, specific asset or percentage of your estate may be set aside as bequests and qualify for estate deductions.
A gift made through a charitable trust or annuity – Creating a charitable trust or annuity provides life income for yourself and/or others. With all or a portion of your gift eventually directed to the YMCA, you could receive a charitable deduction.
To make a gift to the Peninsula Metropolitan YMCA’s Endowment Fund, please contact:
Danny Carroll, CEO