Capital Campaign | Annual Campaign | Special Gifts | Donations | Volunteers
Special Gifts for the YMCA
Other than our annual and capital campaigns, there are other ways you can support your Grand Traverse Bay YMCA:
For a complete list of ways of giving, click here.
A unique gift ... IRAs
Under a unique provision in the tax code, 70 1/2 olds and older can transfer up to $100,000 to their favorite charity like the Grand Traverse Bay YMCA. This is a distribution and not a charitable donation. A person with an IRA would contact their trustee to make a transfer to the YMCA, the trustee transfer the funds, and we are grateful and send you a tax notice that you have not recieved any goods or services in exchange for this transfer. This kind of transfer will only be allowed until December 31, 2009. Please act before the end of this year!
With this and all kinds of estate and planned giving it is essential that an individual:
- consider all of their future needs prior to making a gift
- inform their family about their gift
- work with their professional financial and tax advisors prior to making such a gift
- make sure all the proper paperwork is executed legally
- make sure the gift will be used as you intended
This kind of extraordinary giving will be a blessing to all those that this YMCA works with.
Honors/Memorials
Gifts to the YMCA in honor or loving memory of loved ones provides a living remembrance for generations to come. Honorary gifts may be given to celebrate lives lived greatly, anniversaries, graduations, holidays and other special occasions.
Bequests
People have inquired how to include the YMCA in their will or living trust. You can insert simple language like:
"I devise and bequeath to the Grand Traverse Bay Young Men's Christian Association (YMCA), Traverse City, Michigan, USA, a charitiable institution, Federal ID #38-1709640, (insert sum or percentage or description of property) which shall be used for such YMCA purposes as the Board of Directors may determine."
Please always consult with legal counsel or your other financial professionals to make sure any changes in your will or living trust are recorded correctly and have taken into account all aspects of this kind of gift including future needs.
Gifts-in-Kind
Gifts of labor and materials for building maintenance and new projects are always welcome!
Those unique gifts....
Highly appreciated stock, working boats and cars, sporting goods and property are all items that can support your YMCA.
For more information on special giving, please contact Dave Eitland, YMCA Director of Development and Marketing, at 231.933.9622 (YMCA) or dave@gtbayymca.org .
