Ways to Give
The YMCA of Martha’s Vineyard is a non-profit organization whose success depends on the generous support of friends like you. No matter what the form of the gift, support from members and friends allows the YMCA of Martha’s Vineyard to provide mission-based support to our members and to our community at large. All donations are tax-deductible to the full extent permitted by law.
The information below will help you make an informed decision about the various ways to make a gift to the YMCA of Martha’s Vineyard.
For more information on ways to give, please contact Sarah Soushek, Financial Development Director, at 508-696-7171 ex 107 or firstname.lastname@example.org, or consult your financial advisor.
Click below for more information on:
Direct cash gifts (cash, checks or credit cards) are the most common form of giving. Checks should be made payable to the YMCA of Martha’s Vineyard and mailed to:
111R Edgartown Vineyard Haven Road, Vineyard Haven, MA 02568.
The YMCA is working with current donors and organizations to create opportunities to double your donation. We have a current challenge that will match any donations towards the Scholarship Fund up to $100,000; thus doubling your donation
Planned gifts offer numerous ways to provide contributions to the YMCA of Martha’s Vineyard while creating income, obtaining certain tax advantages, and providing for loved ones. Please review the brief descriptions below for information on ways to make a planned gift to the YMCA of Martha’s Vineyard. It is recommended that you consult your financial advisor when considering gifts of this nature.
A bequest is the result of careful thought about the good use of assets that have taken a lifetime of work, care, and stewardship to build or preserve. The bequest may be a specific sum or a percentage of an estate that can significantly increase the amount of the final gift.
Outright gifts of appreciated securities (stocks, bonds, mutual fund shares) are tax deductible at full fair-market value if the donor has owned the asset for at least 12 months. To avoid capital gains taxes, you must provide the securities themselves, not the proceeds from their sale. Gifts of closely held stock (usually stock in a family-owned business) also carry benefits for the donor. The stock must have been held for at least 12 months for you to claim a charitable deduction at full fair market value. If the deduction exceeds $10,000, a qualified appraisal is required for tax purposes.
Qualified Retirement Plan Benefits
For many people, retirement plan benefits constitute a major portion of their assets. However, such assets can be heavily taxed when they pass to heirs, and over-funding of retirement accounts can result in significant tax liabilities. Charitable uses of retirement benefits can provide benefits to the donor and recipients.
There are many ways in which life insurance policies can be used to make a gift. Some provide a tax deduction and may enable the donor to make a larger gift than might otherwise be possible.