Ways to Give
There are a number of ways that the Y will gratefully accept your donation including:
Gifts of Cash
A gift of cash is available immediately for Central Bucks Family YMCA's use and in most cases is 100% deductible for donors who itemize deductions*. Your check should be made payable to Central Bucks Family YMCA.
Pledges are accepted with a signed letter of intent and payable over three years.
Gifts of Securities
Increasingly, donors are using appreciated securities – including publicly traded and privately held stock and mutual funds – to make gifts to Central Bucks Family YMCA. This method of giving allows the donor to take a charitable deduction for the full current value of appreciated securities held longer than one year and avoid paying the capital gains tax that would be due if the donor sold the securities. Please contact Virginia Doyle, Chief Financial Officer at 215.348.8131 x1134 for securities transfer information.
IRA Charitable Rollover
Donors can give up to $100,000 per year, for the current tax year, from their IRAs and exclude the distribution from income. Donor must be at least 70 ┬¢ on the date of the gift to a public charity. An added bonus last year was that an IRA rollover by December 31, 2013 qualified for all or part of the IRA owner's required minimum distribution for 2013. Donors considering such a gift need to consult with their tax advisor. As of this writing, the rollover has not yet been extended into 2014.
Gifts of Real Estate
Real estate, such as a piece of land, a house or a farm, may be given outright, in which case Central Bucks Family YMCA will sell the property and use the proceeds for purposes designated by the donor. Any appreciated value is not usually subject to federal capital gains tax, and a substantial charitable deduction may be claimed.
*Always contact your financial and/or tax advisor for specific deductibility implications.