GIVING IMPACTS LIVES

As the leading nonprofit for youth development, healthy living and social responsibility, the Y works side-by-side with our neighbors every day to make sure that everyone, regardless of age, income or background, has the opportunity to learn, grow and thrive.

HOW YOU CAN HELP

It is your generosity that allows the Somerville YMCA to best serve our community and to ensure that we are there for those that need us the most. Every day the Y provides opportunities for children, teens, individuals and families to belong, to be part of a community, learn new skills, develop healthy habits and create lasting friendships.

WHAT YOUR GIFT WILL DO

$60 $75 $212
Provides a child with a year’s membership and free swim. Will help keep a teen off the street and safe for a year. Provides a child with a week of summer camp. 


YOUR GIFT MAKES A DIFFERENCE!

Every dollar donated to the Y goes directly to support programs and services, not administrative costs.
The Somerville YMCA is a non-profit 501(c)(3) charitable organization under IRS code. Your gift is deeply appreciated and fully deductible as allowed by law.

WAYS TO GIVE

The Somerville YMCA 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 Somerville  YMCA 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.

CASH

Direct cash gifts (cash, checks or credit cards) are the most common form of giving. Checks should be made payable to the Somerville YMCA  and mailed to: 101 Highland Ave Somerville, MA 02143.

LIFE INSURANCE

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.

SECURITIES

Taxpayers who itemize deductions on their tax returns are generally allowed to include the amount of cash or the value of marketable securities donated to qualified 501(c)3            organizations. The amount of the deduction allowed depends on whether the gifts are in the form of cash or marketable securities. Cash gifts are determined based on the dollar      amount donated. While marketable securities, (e.g., stocks, bonds, mutual funds) are based on the Fair Market Value (FMV) at time of donation.  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. 

PLANNED GIFTS

Planned gifts offer numerous ways to provide contributions to the Somerville YMCA while creating income, obtaining certain tax advantages, and providing for loved ones.  It is recommended that you consult your tax advisor when considering gifts of this nature.

QUALIFIED CHARITABLE DISTRIBUTION (QCD)

A QCD is a direct transfer of funds from your IRA, payable directly to a qualified charity, as described in the QCD provision in the Internal Revenue Code. Amounts distributed as a QCD    can be counted toward satisfying your RMD for the year, up to $100,000. The QCD is excluded from your taxable income.    Please consult with your tax advisor when considering gifts of this nature. 

MATCHING GIFTS

The YMCA is working with current donors and organizations to create opportunities to double your donation. 

BEQUEST

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.

 

Giving Form

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