Charitable gifts help the Y meet its current goals and plan for the future.

A planned gift to the YMCA can help you achieve your objectives by protecting your property, providing for your family and guaranteeing you a life income. What and how to give depends on your situation. The Y’s staff is ready to work with you and your advisors, in confidence and without obligation, to help you determine the best possible methods of giving depending upon your circumstances.

The Heritage Club

The Heritage Club The Heritage Club is an organization of people who have demonstrated their long-term interest and support of the YMCA by either a direct contribution to the YMCA of Greater Indianapolis Foundation or by including the Y in their estate plans. Becoming a member requires a commitment which now, or in the future, will add to the Endowment Fund of the YMCA of Greater Indianapolis.  In the case of a will or other deferred gift, the amount need not be revealed, but if a donor chooses to do so, it will aid our long-range planning.  It will also allow us to acknowledge the gift at its present value and credit the donor appropriately. There are a variety of gift programs available to qualify for Heritage Club membership, including those, which allow a donor to make a significant gift and receive life income and/or tax advantages:

  • An outright gift of securities or property.
  • Gifts with life income retained by the donor – a charitable remainder trust.
  • Gifts of life insurance – naming the YMCA as beneficiary or owner of the policies.
  • Memorial Gifts honoring a loved one through the establishment of a short or long-term memorial endowment fund.
  • A bequest – language in a will designating the YMCA for a specific amount or a percentage of the donor’s estate.

Gifts to the YMCA Endowment Fund may be undesignated or directed to a specific branch or program.

The following statements are examples of suggested bequest wording to benefit the YMCA of Greater Indianapolis.

Each individual situation is unique; therefore, these examples include only some of the possible gift opportunities. We encourage you to discuss your intentions with your attorney, financial advisor and with us at the YMCA of Greater Indianapolis to guarantee that your wishes will be properly followed and recognized.

Because a will is an important legal document, you should consult an attorney. To assist you with this consultation we offer suggested wording below.

Percentage of Estate For Unrestricted Purposes:

“I give to the YMCA of Greater Indianapolis, a not-for-profit organization located in Indianapolis, IN, _____ percent (%) of the remainder of my estate for its general charitable purposes.”

Percentage of Estate Directed to the YMCA of Greater Indianapolis Endowment Fund:

“I give to the YMCA of Greater Indianapolis, a not-for-profit organization located in Indianapolis, IN, _____ percent (%) of the remainder of my estate to establish the _______________________ Endowed Fund. The portion of this fund available for spending each year shall be used to ________________________. Contributions may be added to the Fund at any time.

“If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then the YMCA of Greater Indianapolis Board of Directors may redesignate the purpose, provided that the terms adhere as closely as possible to the original intent.”

Specific Amount For Unrestricted Purposes:

“I give to the YMCA of Greater Indianapolis, a not-for-profit organization located in Indianapolis, IN., the sum of $ ________________ in cash (or ________ shares of ______________ stock) to be used for its general charitable purposes.”

Specific Amount For Specific Purposes:

“I give, devise, and bequeath to the YMCA of Greater Indianapolis, a not-for-profit organization located in Indianapolis IN., the sum of $ ________________ in cash or in-kind (or ________ shares of ______________ stock) to be used for __________________________________________ at YMCA of Greater Indianapolis.

“If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then the YMCA of Greater Indianapolis Board of Directors may redesignate the purpose, provided the terms adhere as closely as possible to my original intent.”

Unrestricted: The most useful type of bequest is unrestricted, allowing the funds to be allocated wherever the need is greatest, and taking into account that changes (laws, new branches, etc.) may necessitate a use that cannot be anticipated at the time of the gift.

Restricted: You may designate your bequest to support a special program or purpose that reflects your interests (adult wellness, teen programs, or youth sports and camps).

If the bequest is restricted to a specific purpose, it is important that the following wording be added at the end of the provision. This will ensure that, in the remote possibility a specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.

“If changed circumstances should at some future time make it impractical to continue administering the Fund for the purpose designated, then the YMCA of Greater Indianapolis Board of Directors may redesignate the purpose, provided the terms adhere as closely as possible to my original intent.”

If you have questions about how to include the YMCA of Greater Indianapolis in your estate plans, or if you want to learn more about strategies for planning a gift today, please contact Jim Wood, Sr. V.P. and Chief Development Officer, at (317) 713-8559 or  jwood@indymca.org.

 

Planned Giving Downloads

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