Gift Planning

 

WAYS YOU CAN IMPACT YOUR COMMUNITY

As the leading nonprofit for youth development, healthy living and social responsibility, the Y works side-by-side with our neighbors every day to make sure that everyone, regardless of age, income or background, has the opportunity to learn, grow and thrive.   You can ensure that the mission of the YMCA continues for future generations by make a planned gift that fits your financial goals.

 

Heritage Foundation

 

Qualified Charitable Distributions and Gifts of Stock

Give to the Y, Receive tax benefits.

If you are turning 70 1/2 in 2019 or older, you may consider gifting a portion of your Required Minimum Distribution (RMD) directly to the Greensburg YMCA.  You are able to gift up to $100,000 directly to a charity from your IRA as a Qualified Charitable Distribution (QCD).

The QCD has the following advantages:

  • The distribution is excluded from taxable income as long as the distribution goes directly to charity.  The charity receives the full value of the gift without the deduction of taxes.
  • The QCD will count toward your required minimum distribution for the calendar year.

Gifts of appreciated stock or mutual fund shares may also have favorable tax benefits for you.  By gifting appreciated assets held for one year or more, you can avoid paying capital gains taxes.

You may wish to consult your tax counsel to determine how rules regarding charitable giving apply to you specifically.  For more information about ways to donate, please contact Debby King at d.king@gbgymca.org or 734-834-0150, ext. 114.