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The Heritage Club is an organization of
those who have shown their long term interest & support of the
Garden City Family YMCA. The club expresses the enlightened concern
of people who have felt & seen in their time the impact of the YMCA
on their community. It is a reminder of the Christian purpose of the
YMCA & the desire of members to see that the YMCA can continue to
influence and serve. Each year, these special friends of the YMCA
are invited to an annual dinner and program to receive recognition
and to hear about how endowment funds are being used.
We hope that you
decide to be a part of a lasting presence at The Garden City Family
YMCA through the Heritage Club, as we strive to
"Build Dreams For Tomorrow"!
Forms of Deferred
Giving
WILLS—A
bequest through your will (a common way of giving) may reduce your
estate taxes and thus increase the size of your estate for your
heirs. Meanwhile, you have the full use of your property, plus the
satisfaction of having given to assure the good purposes and
traditions of the YMCA.
LIFE INSURANCE—Many
people do not realize that they can make a gift of life insurance.
You can make the YMCA the beneficiary of a policy you own or you can
designate the YMCA as owner and beneficiary of new insurance you
buy.
CHARITABLE
REMAINDER TRUST—You can
transfer cash, securities or other property into a trust. You
receive funds for a specific period from the trust at the end of
which the remaining principal transfers to the YMCA. You can have a
lifetime income, an immediate capital gains tax reduction on
long-term appreciated property, and reduce or eliminate estate
taxes. The minimum gift to the YMCA Endowment Fund to establish a
Unitrust or Annuity Trust is $50,000.
POOLED
INCOME—A donor’s gift is
invested with that of others. The donor receives his or her prorata
share based upon the fund’s earnings each year. Pooled income can
provide life income for the donor and/or beneficiary. Minimum
investment is $5,000.
CHARITABLE
GIFT ANNUITY— A donor forms a
contract with the YMCA Endowment Fund to which the donor transfers
money or property. On the basis of this gift the donor will receive
a fixed income for life. Minimum gift is $5,000 and minimum age is
50.
THE USE OF ENDOWMENT TRUST FUNDS
A contribution can be a perpetual
gift in which the principal amount of the gift remains intact and
earnings only are used for the following:
· To
expand the before and after school activity program; an extended day
care program meeting the needs of families and working parents.
· To
improve health and fitness programs for many families, youth, adults
and seniors who need and desire the wonderful facilities available
to lead an healthier and happier life.
· Maintenance
of the facilities given to our community through the YMCA and
entrusted to its care.
· To
continue the growth of youth and adult sports programs and to stress
basic fundamentals, team participation, sportsmanship, fair play and
our sports pledge.
· To
make a splash in our aquatics department with lessons for kids of
all ages, swim/aerobic classes for the adults and seniors and
improve the pool appearance.
· To
collaborate with various groups in our community and hopefully
fulfill their needs.
WHAT
ARE WE DOING NOW?
Every year, we award two youth
scholarships to every elementary school through our Keeping Our
Promise program. Additionally, we also reward a department an
in-house grant through a grant process. Join today to help!
For more information,
contact CEO Chad Knight at (620) 275-1199 or gckymca.ceo@gmail.com. |