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The New Canaan YMCA’s Endowment
“Sustaining values for future generations”
In
a world in which so much comes and goes so
quickly, the YMCA lasts.
It is stable, values driven, and
capable of meeting the changing needs of the
community as it has for more than 100
years.
Visionaries created the YMCA as a
gift for our community, and we have a duty
to steward the YMCA for future generations.
Many
friends of the YMCA are helping to extend
its influence beyond their own lifetimes
with gifts of a part of the assets they have
accumulated to the YMCA’s permanent
endowment.
Such gifts can be directed to support
the overall work of the YMCA or can be
designated to support a specific YMCA
program or facility.
There
are significant tax benefits that encourage
philanthropic giving, because the federal
government recognizes the important role the
YMCA plays in meeting communities’
changing
needs.
Every situation is different, but
depending on the specific arrangement you
can expect some of the following benefits of
a well-designed gift to the New Canaan YMCA:
- Income
tax savings through the charitable
deduction for the value of the gift
- Avoidance
of capital-gains tax on contributions of
certain kinds of property that have
increased in value over time
- Income
for life, for a donor and/or other
beneficiaries
- The
possibility of increased spendable
income with certain arrangements
- Elimination
of federal estate tax on the value of a
gift passing to the YMCA upon the
donor’s death.
When
the YMCA is aware of your financial as well
as philanthropic objectives, we can help
formulate a strategy that takes full
advantage of the available tax benefits
while at the same time fulfilling your
desire to benefit future generations of
children and families who depend on the
YMCA.
The New Canaan YMCA welcomes the opportunity
to confidentially discuss
philanthropic goals with prospective
donors.
For more information or to be placed
on our mailing lists please contact Susan
Cossette Eng, Financial Development
Director at (203) 966-4528, ext. 142, or seng@newcanaanymca.org.
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