Legacy And Planned Gifts

BUILDING TOMORROW TOGETHER

The Legacy Club recognizes those families and individuals who make an outright gift or a planned gift to the YMCA Endowment Fund. By making this commitment, you ensure that the Y continues to make a positive impact on youth development, encourage healthy living, and foster social responsibility for future generations.

Each gift is invested and only a portion of the investment income is used to fund YMCA programs each year.

 LEARN MORE ABOUT LEGACY GIVING

WHY IT MATTERS

We are a nonprofit charitable organization that is a part of a worldwide association based on Christian principles, inclusive of all people. We are dedicated to fostering opportunities for all individuals, families, and communities through programs that build healthy spirit, mind and body for all.

For over forty years, our Greater Kingsport Family YMCA has worked to develop the youth of our community, providing mentorship and improving the overall health of people f all ages and abilities in the tri-cities region.
 
Together, we can create a healthier future for our children. We can make safe places to learn, play and grow. We can create a society where all can participate, and everyone is given the opportunity to reach their potential. At the Greater Kingsport Family YMCA, we see barriers removed, doors opened and communications succeeding together.
 
By planning your legacy now, you can help us create the foundation for a healthy, vibrant future for children, youth, families and communities across the great Kingsport area. Please help us give more families today hope for tomorrow. We hope you will consider making us part of your legacy.

There are multiple options when making a planned gift to a charitable organization. In order to ensure your wishes are carried out, it is important to use very specific language.

TYPES OF GIFTS

 

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GIFTS OF CASH & SECURITIES

CDs, Saving Accounts, Money Market Accounts, Brokerage Cash Accounts, Mutual Funds, Stocks or Bonds.  Any of these gifts can be made while you live instead of gifts after death.  Helping you avoid Capital Gains Taxes!

GIFTS OF REAL ESTATE

Gifts of real estate may be a good way to support the Greater Kingsport Family YMCA. For example, you might give a second home that your family no longer uses or your primary residence as part of your estate plan.

GIFT IN YOUR WILL

This can be as easy as adding a few lines to your will or an amendment to your Trust designating an amount or percentage to the YMCA.

GIFTS OF LIFE INSURANCE

Life insurance is often purchased for a specific use, such as to provide for a family’s living expenses if the primary wage earner dies or to cover the cost of a college education.  Once that need has been met, you can request a change of beneficiary form and make the policy payable to the YMCA upon your death.

GIFTS FROM AN IRA

If you are 70½ or older, you may make a direct distribution from your IRA to the YMCA.  Currently, this distribution has a limit of $100,000 per year and would not be subject to federal income tax.  These gifts, are called Qualified Charitable Distributions (QCD), and would reduce your Required Minimum Distribution (RMD).  This is an excellent way to save on federal income tax and to build your YMCA legacy. 

GIFTS OF RETIREMENT SAVINGS

Retirement savings may be among the most heavily taxed assets in an estate.  To avoid these taxes to your heirs, you may choose to donate all or a portion of your retirement savings to the YMCA, leaving your cash, securities and brokerage accounts to your family. This includes Traditional, Roth IRA or 401Ks.  

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CONTACT THE Y ABOUT LEGACY GIVING

 Contact January Tankersley at [email protected] 

 

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