Charitable Lead Trusts (CLTs) - The YMCA will not accept a CLT without prior review and approval by the Board of Directors. If the trust is testamentary, or rises upon the death of the donor, the YMCA reserves the right to disclaim any interest that would be in violation of this Policy. The YMCA may serve as Trustee of any CLT to which the initial contribution is at least $25,000. Learn more about Charitable Lead Trusts.
Charitable Remainder Trusts (CRTs) - The YMCA will not accept a CRT without prior review and approval by the Board of Directors. If the trust is testamentary, or rises upon the death of the donor, the YMCA reserves the right to disclaim any interest that would be in violation of this Policy. The YMCA may serve as Trustee of any CRT to which the initial contribution is at least $25,000 and in which the YMCA is the sole beneficiary. If income interest is for life, the beneficiary(ies) must be at least 50 years of age, unless otherwise approved by the YMCA. Where payments will be made for the lives of multiple beneficiaries, there may be no more than two beneficiaries unless otherwise approved by the YMCA. Learn more about Charitable Remainder Trusts.
Closely Held Securities - Closely held or non-publicly traded securities may be accepted upon recommendation of the Director of Financial Development and review by the Investment Committee. For any gift with an estimated value of $5,000 or more, the donor will be required to provide the YMCA an appraisal report prepared by a qualified appraiser. The donor is advised to consult IRS regulations and professional counsel in establishing the value of the gift for tax purposes. Learn more about Closely Held Securities.
Life Insurance Policies - The YMCA will accept gifts of life insurance policies, including whole life, variable and universal life policies, which meet the guidelines specified. The YMCA can also be named as a beneficiary of a term insurance policy. For a complete listing of guidelines, contact the Financial Development Department. Learn more about a gift of Life Insurance Policies.
Mutual Fund Shares - The YMCA may accept Mutual Fund Shares. The fair market value of mutual fund shares will be determined by the public redemption price of the shares on the valuation date of the gift.
Other Property - Personal property including mortgages, copyrights, royalties, business interests, notes, and easements may be accepted by the YMCA only after approval by the Board of Directors. In-kind gifts that can be put to immediate use in furthering the the mission of the YMCA are included among other property. Contact the Financial Development Department for a list of information needed to execute a donation of other property.
Publicly Traded Securities - Securities that are traded on the New York or American Stock Exchanges, as well as other major U.S. and foreign exchanges and the NASDAQ, corporate bonds, government issues, and agency securities may be accepted. The YMCA may sell such securities as soon as possible after the securities have been transferred to the YMCA. The value of a gift of securities is the average of the high and low price of the stock(s) or bond(s) on the day the transfer is effected by the donor to the YMCA. The value of less actively traded securities or a security that does not trade on the gift date should be determined according to IRS regulations.
Donors should notify the YMCA of the securities being gifted, the number of shares, the intended gift date, and the intended gift use.
Securities may also be wired directly to the YMCA's account via DTC. View the transfer instructions.
Securities gifted for current support of YMCA programs will generally be sold immediately, with the proceeds being used according to donor intent. Securities gifted for capital or other long-term projects may be sold or retained, depending on the number of shares and value of the stock in addition to the timing of the need for cash funds. Securities gifted for the YMCA's endowment will be held until reviewed by the Investment Committee and a recommendation made to the Board of Directors. Learn more about Publicly Traded Securities.
Real Property - the YMCA may accept gifts of real property, including real estate and gifts of oil and gas interests, only after review by the Property Committee and approval by the Board of Directors. Factors that will be considered will be usefulness of the property in furthering the mission of the YMCA, marketability of the property, existence of restrictions or limitations, carrying costs, and fair market value in relation to any costs and limitations. It is the donor's responsibility to pay all costs incurred in transfer of the property. Special attention will be given to proposed gifts encumbered by a mortgage that will not be paid in full at the time of transfer. Learn more about Real Property.
Restricted Securities - Restricted Securities (also known as unregistered securities, investment letter stock, control stock, or private placement stock) may be accepted only by approval of the Board of Directors after review and recommendation by the Director of Financial Development and the Investment Committee. For any gift with an estimated value of $5,000 or more, the donor will be required to provide the YMCA an appraisal report prepared by a qualifed appraiser. The donor is advised to consult IRS regulations and professional counsel in establishing the value of the gift for tax purposes. Learn more about Restricted Securities.
Tangible Personal Property - The YMCA will consider gifts of tangible personal property including but not limited to art, jewelry, collections, and other personal property if there is reason to believe it can be readily sold. A gift of perishable or other property requiring handling may be accepted after making arrangement for that protection. No gift of personal property that obligates the YMCA to ownership in perpetuity will be accepted without the approval of the Board of Directors. Personal property with an estimated value of $5,000 or more will require a certified appraisal, which is the responsibility of the donor to arrange.