Endowment For Future Generations

In a world that changes so rapidly, the Y has been at the heart of communities for generations. The Y is a reliable, professionally managed organization guided by four core values: caring, honesty, respect, and responsibility. Led by local volunteers, the Y is in touch with our community’s changing needs. A healthy Y capable of making a significant impact in the community is a gift we have received from prior generations. It is a gift we should pass along, in a stronger position, to future generations.

When you give to the Y, your gift will have a meaningful, enduring impact right in your own neighborhood.

Bequest Language

Staff of the Greater Marinette-Menominee YMCA will be happy to assist you and your attorney to design and implement an estate plan tailored to your wishes. Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified.

Our federal tax ID number is: 38-6119445

Below is suggested language to use when drafting your bequest to the Greater Marinette-Menominee YMCA.

Unrestricted Bequest

For an unrestricted gift that allows the Greater Marinette-Menominee YMCA to determine how to use the funds based on the most pressing needs, use the following language for your will and/or trust:

"I give to the Greater Marinette-Menominee YMCA a nonprofit corporation currently located at 1600 West Dr, Menominee MI 49858, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose."

“I give and bequeath $_____ to the Greater Marinette-Menominee YMCA, 1600 West Dr. Menominee, MI 49858, a State of Michigan Corporation, to support its general mission.”

Percentage Bequests

“I give ____% of my residual estate to the Greater Marinette-Menominee YMCA, 1600 West Dr. Menominee, MI 49858, a State of Michigan Corporation, to support its general mission.”

Restricted Bequests

“I give to the Greater Marinette-Menominee YMCA, 1600 West Dr. Menominee, MI 49858, or its successor _____ (written amount or percentage of the estate or description of property) purposes.

This gift should be used for (state purpose) if and so long as the Greater Marinette-Menominee YMCA determines that the need exists. If the Greater Marinette-Menominee YMCA shall determine at the outset or at a later time that the need does not exist, or no longer exists or for some reason it is not possible (or prudent) to administer my gift as originally intended, then the Greater Marinette-Menominee YMCA may, in its sole and uncontrolled discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above."

Honorariums and Memorials

To remember a loved one with a memorial or honor someone with an honorarium to the Greater Marinette-Menominee YMCA, please contact Michell Hampton, Financial Development Director, at (906)-863-9983 for assistance.

Connect with us

The Greater Marinette-Menominee YMCA staff will make every effort to assist you in determining a giving plan that benefits both you and your wishes for the Greater Marinette-Menominee YMCA.

Please feel free to contact Michell Hampton, Financial Development Director, at (906)-863-9983 or michell@mmymca.org for assistance.

This information contained above is not legal advice. For legal advice, please consult your attorney.

Next Steps

Contact Michell Hampton at 906.863.9983 or michell@mmymca.org for additional information or to chat more about the different options for including the Greater Marinette-Menominee YMCA in your will or estate plan.

Seek the advice of your financial or legal advisor.

If you include the Greater Marinette-Menominee YMCA in your plans, please use our legal name and federal tax ID.

Legal name:

The Greater Marinette-Menominee YMCA, Inc.

Address: 1600 West Dr. Menominee MI 49858

Federal tax ID number:38-6119445

Find out more

ENDOWMENT FUND BENEFITS

Depending on the type of gift and specific arrangements, donors to the YMCA endowment fund can expect some or all of these benefits:

Income tax savings through a tax deduction for the value of the charitable gift
Avoidance of capital gains tax by contributing certain kinds of property that have increased in value over time
Elimination of federal estate tax on the value of a gift passed to the Y upon the donor’s death
Reduced estate settlement costs

HERITAGE SOCIETY

Individuals who have made a meaningful gift to the YMCA endowment fund are recognized for their generosity and become members of the Heritage Society. Becoming a member of the Heritage Society requires a commitment, which now, or in the future, will add to the YMCA's Endowment Fund.

Cash

Make an immediate donation and take a charitable deduction as provided by law.

Wills

Include the YMCA in a will and reduce estate taxes. Fixed amounts, specific assets or percentages of the estate may be specified. Another option is to name the YMCA as the recipient of the remainder of an estate, after all other expenses and specified contributions.

Appreciated Assets

Contribute appreciated assets, such as stock, real estate or personal property to the YMCA and receive a charitable deduction equal to the current value of the assets without capital gains tax

Existing Life Insurance

Purchase a life insurance policy naming the YMCA as the beneficiary, and take a charitable deduction equal to the premium amount. Several plans are available in which a new policy can be fully paid in a period of five to seven years.

Trusts

Establish a Charitable Remainder Trust and you receive an immediate, federal income tax deduction for the present value of the assets expected to pass to charity, plus a lifetime payment stream.