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Legacy Giving

 

Current financial obligations and the need to provide for retirement, coupled with the high cost of living, make it difficult for many people to consider substantial charitable gifts now.  But there is a way to have the satisfaction of making a meaningful lifetime gift without sacrifice.  In fact, you may get current income tax and other financial benefits.  Some gifts of irrevocably transferred assets will allow you (and a survivor, if you wish) to receive income for life.  As a result, the assets are used to carry out our mission.

By making a legacy gift to the YMCA Foundation of Tucson, you may receive the following benefits, in addition to the pleasure of knowing the good work your gift will do.  These benefits can include:

  • Realize a charitable deduction in the year you make the gift and, if necessary five future years, for the present value of YMCA's right to eventually realize the assets.
  • Free up appreciated investments to maximize yield, diversify or both-often without paying tax on the capital gain.
  • Save substantial income taxes and increase your effective yield.
  • Unburden yourself of investment concerns.
  • Reduce possible probate and estate administration costs.

For more information contact Kerry Dufour at (520) 623-5511 ext. 256 or email at kerryd@tucsonymca.org.

 

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