IRA’s and 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 […]
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 […]
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
Bequest How it works: You include a bequest provision in your will or revocable trust At your death, the YMCA Metropolitan Washington (or designated program or branch) receives the bequest you specified
Real Estate How it works: Real estate is donated or by bequest, reviewing the real estate checklist. Acceptance is subject to the approval of the Board of Directors Benefits You may change your bequest or trust designation at any time You control the funding property during your lifetime Your bequest or trust designation will not […]
Donating appreciated securities, including stocks or bonds, is one of the most effective means of tax savings available and is an easy and tax-effective way for you to make a gift to the YMCA of Metropolitan Washington. Please click here for more information.
