Skip to Content

Investing in Children, Community and the Y

Joel Aragona

Joel Aragona

Joel Aragona understands the importance of a healthy lifestyle. Having never belonged to a gym, at the age of 53, he joined the YMCA after deciding he needed to get in shape. Joel describes this decision as "an amazing change in his life." As a result of the Y's classes and working with a trainer, Joel realized a marked difference in his health-having never felt better.

In addition, what Joel liked best about the Y is the unique community he found. "It's not a competitive environment, people don't care what physical level you are at or the type of clothes you are wearing; rather, what you find is support and camaraderie. I never expected to make so many friends. It's a great feeling to have a sense of being a part of something," Joel says.

A Life Transformed

The transformation, both physically and mentally, that Joel experienced propelled him to become involved in more ways than one. Joel joined the building committee and both he and his wife, Rhela, became supporters of the Teen Career Connection-a program that provides internship opportunities for underserved high schoolers. When Joel and his wife attended the ceremony at the end of the year, they were amazed at the ease and confidence with which the teens spoke. There was a sense of security in each of them. It was clear to them that self-assurance was a product of the Y. "Being a member of the Y gives you the opportunity to see children and teens being mentored and the tremendous impact it has on their self-esteem. The Y sends the message to all children, regardless of their background, that they matter," Joel says.

When Joel and his wife started to plan their estate, becoming a Heritage Society member was an easy choice. Having no children of their own, they liked the idea of investing in a place where the benefit to children is so tangible, so necessary. In their own eyes, the experience the Y provides for all children was the experience they would have wanted for their own-a place where the youngest members of our society are nurtured and supported. The Y teaches all children to believe in themselves and believe in their potential. "I'm proud to support an organization like the Y that fosters a sense of camaraderie and healthy living-in every sense of the word-for all people, for all ages," Joel says.

In addition to their focus on children, Joel recognizes how important it is for the Y to continue to support communities and populations that are in the greatest need. The Y serves the critical role of bridging the gap and reaching those communities who are the hardest to reach. In Joel's own words, "The Y's work is critical-it means so many things to so many people, personally it's made such a difference in my life."

Request our free eBrochure to learn how you make a difference by helping the Y to give more children the experiences of a supporting community.

For more information on how you can help with our specific needs, contact Alexandra Blair at (860) 918-3534 or . And thank you for your generous support of the Y.

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address

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 5 West 63rd Street, 6th Floor, New York, NY 10023, 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 YMCA of Greater New York 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 YMCA of Greater New York 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 YMCA of Greater New York 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 YMCA of Greater New York where you agree to make a gift to YMCA of Greater New York 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

First name is required
Last Name is required
Please include an '@' in the email address