Making a difference for generations to come, an endowment provides for the future financial stability of the Y. The objective is to draw only on the earnings of the endowment fund and leave the principal intact as it grows, generating an ever-increasing level of income to ensure Y Financial Assistance for individuals, children, and families in need. Money from the endowment is also used to strengthen and develop programs and services and improve facilities.
Contributions can be made in the following ways:
- Outright gift of cash, securities, stock, real estate and tangible personal property. In most cases, you may take a charitable income tax deduction for the fair market value of the asset.
- Bequest in a Will
- Life Income Gifts such as a Charitable Remainder Trust or Charitable Lead Trust
- Gift of Real Estate with Retained Life Interest
- Gift of Life Insurance
As with all financial considerations, we encourage you to discuss potential tax advantages and other aspects of charitable giving with your attorney, tax advisor or financial consultant.