Frequently Asked Questions
Aren’t Member And Program Fees Enough To Support The YMCA Of Columbia?
The YMCA of Columbia is a not-for-profit organization. Membership and program fees do help support the YMCA. However, many of the programs that the YMCA provides do not generate revenue significant to cover costs. In addition, the mission of the YMCA is to make programs available for all, regardless of an individual’s financial circumstances. The YMCA provides scholarships and program subsidies thanks to individual, corporate and foundation charitable gifts.
What Is The Annual Campaign?
This annual fund supports the entire experience at the YMCA and targets the most pressing needs, scholarships, outreach, youth development and more. The Annual Campaign ensures that the YMCA is available to all.
As one of YMCA of Columbia’s highest priorities, annual giving is the means by which YMCA staff, board members, members, parents, and friends can most effectively contribute their charitable support for the YMCA each year. Every branch’s Annual Campaign dollars are used exclusively to support our community’s needs. The YMCA encourages participation at all giving levels.
Gifts made to the campaign are used in the fiscal year of the campaign. 100% of Annual Campaign dollars are used for the annual case; no dollars are spent on administrative services or fees.
What Is The Heritage Club And How Do People Join?
The Heritage Club is a recognition society for those who make outright gifts to the endowment fund or those who have made arrangements for the YMCA in their estate plans. Membership in the Heritage Club requires an endowment designated planned gift or an outright gift. Members are invited to special recognition and fellowship events and receive special leadership level giving mailings.
Please browse and explore our site to learn more about the many gift opportunities that can be designed to match your philanthropic goals with your financial objectives.
How Can Corporations And Foundations Work With The Ymca?
The YMCA’s Financial Development Office fosters the development of mutually beneficial partnerships with corporations and foundations in the Columbia community and around the nation. The YMCA’s strengths in character-driven programs and services can advance a company’s strategic business interests and help philanthropic organizations achieve their goals. If you would like to discuss ways that the YMCA can help your organization achieve its goals, please contact us.
What Should I Consider Related To End Of The Year Giving?
As the year comes to a close and we enter into the season of goodwill, remember that making charitable gifts is not only personally heartwarming and provides much-needed support for our mission, but it may also produce significant tax savings for you.
- Time it right! By timing your charitable gifts before December 31, you will see a tax break for that year if you itemize deductions on your income tax return. There are several strategies for resourceful year-end giving.
- Write a check. We always appreciate gifts we can put to immediate use. The postmark date is the date of the gift, assuming the check is mailed, or the date the check is hand-delivered.
- Charge your credit card. A fast and easy way to make year-end gifts is to simply call and make an outright gift with your credit card. The day the charge is authorized is considered the gift date.
- Contribute appreciated securities that you have held more than one year. You can claim deductions for their full fair market values and avoid any tax on their appreciation.
- Prepay a pledge, either the entire amount or an upcoming installment.
- Invest in a life income plan that provides you with payments for the rest of your life and ultimately benefits the charitable organization. If you use long-term appreciated securities to fund the plan, you will be entitled to an income tax deduction based on the charitable portion of the securities full value, in addition to avoiding capital gains taxes on that portion.
- Donate an insurance policy. A life insurance policy you no longer need makes a perfect year-end gift. To qualify as a gift, the charitable organization must become the owner of the policy.
- Be careful in getting this gift to the YMCA in time!
- The gift date, or the date used for tax purposes, is the day you relinquish control of the asset. Depending on the asset used for the gift or your method of giving, certain rules govern the gift date.
- Pledges – Pledges are deductible in the year they are fulfilled, not in the year they are made.
- Securities – If the securities are electronically transferred to the YMCA, the gift date is officially made the day the securities enter the YMCA’s account. For hand-delivered securities, the day they are received by the YMCA or its broker is the date of the gift. To mail securities, it is important to send, by registered or certified mail, the unsigned certificates in a separate envelope from the signed stock power and letter of intent. The gift date is the postmark date of the later of the two mailed envelopes. Stock market fluctuations after the date of delivery will not affect your charitable deduction.
- Real estate – The official gift date is the day the YMCA receives the signed deed if hand-delivered, otherwise the postmark is the date of the gift if the deed is mailed.
- Please seek financial advice from a planner you trust for counsel. Discuss your plans with financial, legal and charitable organization advisors. Be prepared to confidentially address financial and personal goals with regard to your charitable giving interests, what you want to give, the timing of your gift and how a gift will be made. This information will help determine a plan best suited to your needs.
Does The YMCA Accept Matching Gifts?
Yes. Corporate matching gifts are encouraged. Donors simply gather their company’s matching gift form and submit it to the YMCA with their gift. The YMCA promptly completes the matching gift form and returns it to the corporation.
Does My Gift Really Make A Difference?
Will I Receive A Receipt For My Gift?
All donations (no matter the size) will receive an IRS compliant thank you note for your tax reporting purposes.
Can I Make A Gift In Honor Or Memory Of A Friend Or Loved One?
Tribute and memorial gifts are welcomed. The donor will be provided a tax compliant thank you note. The individual (or his or her family) will receive an acknowledgement from the YMCA noting that a gift has been made in honor or memory. The donor’s name and address will be provided to the family so that they can acknowledge your generosity, but the YMCA does not share the gift value with the family.
What Are The Manners In Which I Can Make A Gift?
Cash, checks, credit cards, bank electronic funds transfers/draws, appreciated assets, real estate and planned gifts are all accepted by the YMCA of Columbia. Capital pledges may be made over a period of years with a signed letter of intent. Annual gifts to the Annual Campaign should be paid in full by April 30. Payments may be made in person at a center, via mail, by phone call, email or online.
How Do I Contact The Director Of Development And/or Where Do I Mail My Gift?
Gifts can be mailed to YMCA of Columbia Development Office, 1612 Marion St. Suite 100, Columbia, SC 29201. Any questions should be directed to email@example.com or by phone at 803.748.9622.