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Member Profile: Stephen Parker

Stephen Parker

Stephen Parker

"Come here to find a friend"

That is the motto that adorns the McBurney YMCA. For Stephen Parker, it is a motto that has meant the difference in his life.

Stephen first joined the YMCA in the 80s when there weren't many private gyms, and options were limited. He was a member for several years, but his work transferred him out of the area. Upon his return to New York in 2002, one of his first orders of business was to rejoin the McBurney YMCA. In the time that had elapsed, a new McBurney had been built; the facilities had been improved, faces had changed, but as Stephen quickly recognized, the motto and the spirit of the McBurney Y, remained the same. What has always been true about the Y for Stephen was his ability to connect with people, every day, who shared the same ideals, values and desire to do good. Despite all of the differences, the Y was what everyone had in common, and bonded them to one another. "I made friends here everyday," he said.

The children that attend the Y are what Stephen loves the most. Having no children of his own, he enjoys the energy and hopefulness of having them around. "Private gyms don't allow children, but the Y does, the children are what make this place run. They are the focus and it is what makes the Y so unique and so important. The Y teaches children about healthy lifestyles from an early age, they are engaged here, families are engaged here," he said. Being active has always been important in Stephen's life so it is easy for him to appreciate how important the Y is to the children of New York and the city itself.

In Stephen's eyes, no one should be discouraged from or denied the opportunity to join a Y, which is why Stephen made the decision to get involved with the Heritage Society. Stephen views becoming a Heritage Society member as a "good business decision" and a natural part of the planning process. When he thought about how he was going to prepare and plan for the balance of his life, he wanted to get the most bang for his buck. "Where else do you get to see your money actually doing good?" He said, "this is not an abstract concept, you see it first-hand, and you feel the difference it makes."

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to the YMCA of Greater New York a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the YMCA of Greater New York, a nonprofit corporation currently located at New York, NY, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to New York City’s YMCA or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to New York City’s YMCA as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to New York City’s YMCA as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and New York City’s YMCA where you agree to make a gift to New York City’s YMCA and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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