Heritage Club
Make a commitment now or in the future to support YMCA quality programs and services that build a healthy spirit, mind and body for all! Gifts can be directed to the entire YMCA of Silicon Valley, to your neighborhood Y, or to a specific program.
Bequest
How it works:
- You include a bequest provision in your will or revocable trust
- At your death, the Kearney Family YMCA receives the bequest you specified
Deferred Gifts
How it works:
- Charitable Lead Trust your heir will benefit with lower tax rate and the charity receives an annual payment
- Confer with your accountant, tax advisor or wealth manager
IRA’s & Retirement Plans
How it works:
If instead of another person, you gift your IRA distribution to a YMCA, you can claim a deduction for your gift. The deduction is an itemized deduction, so in order to take advantage of the tax break, you have to forgo your standard deduction. However, the deduction is limited to a maximum of 50 percent of your adjusted gross income for the year and may be only 30 percent depending on the charity to which you make the donation.
or
Qualified Charitable Distributions
You can gift money directly from your IRA to a charity if you meet certain criteria. The distribution must be a required minimum distribution and you must be over 70 1/2 years old. In addition, you must have the trustee of your IRA transfer the money directly from the IRA to the YMCA and the amount of the qualified charitable distribution can’t exceed $100,000. The advantage to using a qualified charitable distribution to gift your IRA to the YMCA is you don’t have to report the distribution as income and then itemize your deductions to claim the tax break.
Life Insurance
How it works:
- Donors can make a sizable face value gift for a minimal outlay of cash.
- May give an existing policy ( fully paid, partially paid or a new policy)
- Naming the YMCA as beneficiary. Upon the donor’s death, the YMCA will receive all or portions designated from the policy.
- The donor is entitled to a charitable income tax deductions equal to the cash surrender value of the property and any future premiums paid only if the YMCA is named as the owner and beneficiary of the policy
Real Estate
How it works:
- Donors can make a sizable face value gift for a minimal outlay of cash.
- May give an existing policy ( fully paid, partially paid or a new policy)
- Naming the YMCA as beneficiary. Upon the donor’s death, the YMCA will receive all or portions designated from the policy.
- The donor is entitled to a charitable income tax deductions equal to the cash surrender value of the property and any future premiums paid only if the YMCA is named as the owner and beneficiary of the policy
Stock
A financial gift to the YMCA allows us to continually find new ways to build thriving communities. A planned gift to the Y will continue this work for generations.
If you are interested or have any questions regarding the options above, please contact
A financial gift to the YMCA allows us to continually find new ways to build thriving communities. A planned gift to the Y will continue this work for generations.
If you are interested, have any questions regarding the options above, or would like to become a Heritage Club member, please contact Courtney Burbach via email at cburbach@kearneyymca.org or by phone at 308-237-9622.