WAYS TO GIVE
Whether you choose to give a one-time gift or set up a recurring gift throughout the year, the impact of your generosity to help power our community to create new Y stories is felt now, and in the future.
- One-time gifts are the most common type of gift from donors. This gift to the YMCA, powers our programs and services and creates action for the betterment of our community.
- A one-time gift can be given in a fiscal donation or appreciated assets, like a gift of stocks or mutual funds.
- We are a 501(c)(3) non-profit organization, and your gift is tax-deductible. And we make sure that 100% of your contribution stays in your community, right here powering your own neighborhood.
- Monthly Giving is the easiest and most convenient way to make a difference to our YMCA. Simply select the option to “Make this a monthly gift” on our donation form and your gift will continue to make an impact throughout the year.
- If you give $20/month you become part of our Monthly IMPACT Team. Monthly donations will automatically be drafted each month for as long as you choose. This is an easy way to make an even greater impact on the individuals and families who rely on our YMCA for vital programs and services.
- Triangle Society is one example of a Multi-year pledge which consists of a 3-year commitment to our annual campaign.
- The Triangle Society recognizes the YMCA’s most generous donors who know the organization well and are committed to its bold vision and bright future. Members of the Triangle Society ensure that the Y continues to make this mission a reality for years to come giving every person in our community the opportunity to learn, grow, and thrive.
- The Triangle Society donor based membership to the Annual Campaign is a multi-year pledge of $5,000 or more paid over a three-year period.
Many corporations match employee gifts as part of their philanthropic efforts. If you volunteer with us, your employer may also provide us with a grant as a way to recognize your ongoing support.
- Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift to the YMCA of Greater Rochester.
- Making a gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself. You are an essential part of the fabric of our community.
- When you donate appreciated securities or mutual funds you have held more than one year to us in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Contact Andy Powers or your financial advisor for more information.
- A Special Opportunity for Those 70½ Years Old and Older: You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as the YMCA of Greater Rochester without having to pay income taxes on the money.
- Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at the Y. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Contact Andy Powers for more information.
Tax benefits (CARES Act Tax Incentives)
- Tax Incentives When You Give to Charity.
- An expansion of the universal charitable deduction for cash gifts.
- The universal charitable deduction has not only been extended but given a well-deserved upgrade. The new deduction of $300 for single filers and $600 for married couples filing jointly. This is available to taxpayers who take the standard deduction. This tax incentive is available for cash gifts to qualified charities (but not to supporting organizations or donor advised funds).
- An extension of the cap on deductions for cash contributions
- Contributions to public charities are generally limited to a percentage of a taxpayer’s adjusted gross income (AGI). The CARES Act lifted the cap on annual contributions for those who itemize, increasing it from 60% to 100% of AGI for 2020 (and now for 2021). Any excess contributions available can be carried over to the next five years. (For corporations, the law raised the annual limit from 10% to 25% of taxable income.)
Contact Andy Powers for more information.
The Y is a 501(c)(3) non-profit organization, and your gift is tax-deductible. And we make sure that 100% of your contribution stays in your community, right here in your own neighborhood.