The YMCA of Superior California has two foundations that manage the endowed funds of the association. The Sacramento YMCA Foundation was formed in 1969 through a Trust Agreement and is overseen by a Board of Trustees. The Foundation for the Oroville YMCA was formed in 1944 through a Trust established by Edwin Ehmann and is overseen by a Board of Trustees. All Trustees of both Foundations are approved by the Board of Directors of the YMCA of Superior California.
Each year, income earned by these two Foundations helps fund YMCA programs and services. Since their founding, these two foundations have provided more than $2 million in direct support to the YMCA.
Through the YMCA's Heritage Club individuals can make lasting gifts through their estates to help the principals of YMCA Foundation grow, thus allowing the YMCA to serve more children and families.
The Good You Do Lives On
What if it were possible to have the good you do today live on forever? A commitment to YMCA Heritage Club membership will allow you to do just that. The YMCA of Superior California’s Heritage Club is composed of individuals from all backgrounds, communities and walks of life who have made an outright or planned gift to the YMCA's endowment fund in one of the following ways:
An outright gift of cash:
In this way, each member not only received benefits from the good that will be done, but received an income tax savings.
An outright gift of appreciated assets:
If you choose 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.
A life insurance gift:
Designating the YMCA as a primary or even secondary beneficiary or your insurance policy paves the way for a large future gift. Should you wish to contribute a life insurance policy that is no longer needed you could realize substantial income tax deductions.
A charitable bequest
You may wish to consider including the YMCA in your will or living trust. Through a fixed amount, specific asset or percentage of your estate set aside as a bequest you would qualify for deduction from your estate.
A charitable trust:
Creating a charitable trust can provide 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.
For information on the YMCA Heritage Club or planned giving opportunities, contact Sharna Braucks, YMCA President & CEO at email@example.com