Planned Giving
You can make a difference for generations to come. A planned gift to the YMCA of Greater Michiana supports the Y vision beyond the needs of today. To get started, please contact Jill Haboush, Chief Development Officer, at 269-683-1552 or jhaboush@ymcagm.org.
Types of Gifts
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 attorney and tax advisor for information specific to your situation.
WILLS & LIVING TRUSTS — A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest. By including a bequest to the Y in your will or living trust, your gift also entitles your estate to an unlimited federal estate tax charitable deduction.
BENEFICIARY DESIGNATIONS — Just name the Y as a beneficiary to receive assets such as retirement plans and life insurance policies after you’re gone. Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.
CHARITABLE LEAD TRUSTS — Benefit from the tax savings that result from supporting the Y without giving up any assets that you’d like your family to receive someday. A charitable lead annuity trust pays a fixed amount each year to the Y and is more attractive when interest rates are low. A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust.
MEMORIALS & TRIBUTE GIFTS — 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.
ENDOWED GIFTS — 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 Y. The remaining funds are reinvested to ensure indefinite support.
DONOR ADVISED FUNDS — 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.
