Capital Campaign | Invest in Youth Appeal | Special Gifts | Donations | Volunteers
What happens when you give? Click here
Planned Gifts for the Grand Travere Bay YMCA
Other than our annual and capital campaigns, there are other ways you can support your Grand Traverse Bay YMCA:
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 giving has been extended by the Congress. Talk to your financial professional if this is a good way to give.
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.
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.
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.
Gifts-in-Kind
Currently we are looking for late model trucks that can aid in the maintaining of our 3 locations. Call Tony Letizio at 231-933-9622 for specifications.
When in doubt whether we can use your personal property or other kind of gifts, give us a call at 231-933-9622 and talk with Tom Van Deinse. We do have over 65 programs that have unique needs for donations.
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 , at 231.933.9622 (YMCA) or dave@gtbayymca.org or Your Community Foundation at 231-935-4066 and talk with Phil Ellis.