WITH YOUR HELP WE CAN IMPACT LIVES NOW AND IN THE FUTURE
In a world where so much comes and goes so quickly, the YMCA has lasted. We are community-based, professionally managed, and able to meet the changing conditions of the future.
For over 150 years, the YMCA has devoted itself to youth development, healthy living, and being socially responsible. We want to ensure that we will forever be available—providing membership and programs—for everyone who wants and needs the Y in their lives.
Many friends of the YMCA are helping to extend its influence beyond their own lifetime by designating gifts or assets they have accumulated to the YMCA’s Endowment Fund. Such gifts can be directed to support the overall work of the YMCA or can be designated to support a specific branch or program. Give the gift of the YMCA. It’s so easy and you can rest assured that your gift today will benefit children and families yet to come.
Recognizing Gifts to the Endowment Fund
The Spencer Society is comprised of those men and women who are helping to perpetuate the YMCA’s influence on future generations of youth and families through their gifts and commitments to the YMCA Endowment Fund.
The Y cordially asks you to consider making a planned gift or gift to the Endowment Fund and joining the Spencer Society. Members of the Spencer Society believe in the YMCA’s purpose and traditions and want to ensure the YMCA continues on to serve future generations.
Individuals and couples have qualified to become members of the Spencer Society in one or more of the following ways.
Becoming a Member
Membership in the Spencer Society requires a commitment that, now or in the future, will contribute to the YMCA’s Endowment Fund. An outright minimum gift of $1,000, or naming the YMCA Endowment Fund as a beneficiary, qualifies you for membership.
There are a variety of gift options available.
Cash Gift
An outright gift of cash appreciated securities, property, or other marketable assets - In this way, donors not only benefit from the good that will be done but current income tax savings. If you chose to contribute such items as stock or property owned for longer than one year, you would receive a charitable deduction equal to the current value of the assets while avoiding capital gains taxes.
Name the Y as a Beneficiary
Naming the YMCA Endowment Fund as a beneficiary of a new or existing life insurance policy, IRA, pension plan, or bank account - Naming the YMCA as a primary or even secondary beneficiary paves the way for a large future gift. Should you wish to contribute a life insurance policy that is no longer needed to protect current beneficiaries, you could realize substantial income tax deductions.
A Gift Through Your Will
Including the YMCA Endowment fund as a beneficiary in your will or living trust - You may wish to consider including the YMCA in your will or living trust. In this way, a fixed amount, specific asset, or percentage of your estate may be set aside as bequests and qualify for estate deductions.
Gift Through a Trust or Annuity
A gift made through a charitable trust or annuity - Creating a charitable trust or annuity provides life income for yourself and/or others. With all or a portion of your gift eventually directed to the YMCA, you could receive a charitable deduction.
The commitment, rather than the amount, is the overriding factor in qualifying for membership in the Spencer Society. These special friends of the YMCA are honored annually at the YMCA’s Spencer Society Dinner.
The nation’s tax laws provide incentives that encourage philanthropy in recognition of the role charitable organizations (including the YMCA) play in meeting important societal needs. We encourage you to consider the YMCA of the Virginia Peninsulas or one of our branches in your financial planning.
