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Our Y Communities Need You

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Follyvi DossaMy experience with YMCA programming and staff has equipped me with leadership and professionalism skills, exposed me to new environments that helped solidify my future path, and supported my growth as a young adult who is about to embark in his next chapter in life.

Follyvi Dossa, High School Senior, Rowe Scholar, Global Teen, Harlem YMCA
Morehouse College, Class of 2024


Follyvi’s story captures best what the YMCA of Greater New York strives to achieve each day – empowering New Yorkers to fulfill their potential, including those most vulnerable. Through enhancing healthy behaviors, providing learning opportunities and quality education for youth and New Americans and through community and civic engagement activities, we have witnessed firsthand the power of the Y’s programs to shape lives and build a better and brighter future for communities across New York City. 

SupportersHowever, under the weight of the global pandemic and a very unstable economic climate, the future of the Y is greatly uncertain at this moment in time. But with your partnership and support, we can ensure that the Y remains a healthy and viable institution for years to come. 

Since we closed all of our branches in mid-March, the Y has lost over $67 million in revenue that is normally generated through memberships and program service fees. This accounts for over 30% of our annual operating revenue. And with the uncertainty as to when the Y can re-open its branches and serve the 500,000 New Yorkers that walk through our doors each year, that financial loss may continue to grow in the months ahead. 

This financial strain translates into a tremendous scaling back on our ability to fulfill our mission. It means that our life-changing programs and services are in jeopardy. These programs include our highly successful Rowe Scholars College Readiness Program; our seven New American Welcome Centers that offer critical immigration services; our chronic disease management and preventative health programs; our Y Afterschool that serves over 10,000 youth each year; and several others.

Yet I have much hope for the future of the Y. Throughout its storied past is a consistent them of resiliency. That resiliency has stemmed from committed individuals coming together to ensure that the Y has always remained a leading organization able to deliver its promise to all New Yorkers. From iconic philanthropists such as John D. Rockefeller to groups of committed individuals such as the African American donors who banded together to raise funds for a Brooklyn branch in 1918, the Y’s future has always been secured with the tremendous support of members and donors who have provided both current use and planned gifts.

In this same spirit, I’m reaching out today to ask that you consider doing three things for our Y community and for the thousands of New Yorkers that rely on our services, especially those highly vulnerable and living in poverty:

  1. Consider a gift today to the YMCA Community Fund, which will have a direct and immediate impact on our ability to continue to fulfill our mission. You can make your gift online at: https://ymcanyc.org/give;
  2. Join our Heritage Society by including us in your estate plans, providing critical future support and ensuring that Y thrives for another 168 years;
  3. Please share the value of the Y with your family and friends so they too may consider joining our community.

The Heritage Society has a number of special recognition opportunities and activities throughout the year. If you have already made the decision to include the YMCA of Greater New York in your plans, let us know so we can express our thanks. And if you are considering doing so, we’d be happy to speak with you and answer any questions. Please contact our team at donorrelations@ymcanyc.org.

For more information on estate planning and additional ways to give, please visit our website: YMCA Heritage Society. And, if you don’t currently have a will, the YMCA of Greater New York has partnered with FreeWill to provide our members and donors with a free will-making service.

Many thanks for your kind consideration. Together, we can make a difference both for the YMCA and for the future of communities across our great city.

 

With much gratitude,

Anthony Escobar

Anthony Escobar
SVP and Chief Development Officer

 

PS - Your gift today and the legacy you leave for tomorrow, will ensure what the future will look like for the YMCA of Greater New York.

Central YMCA Future YMCA

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 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

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