• The YMCA of Topeka Foundation maintains three funds:  The Endowment Fund, The Ready Fund, and the Maintenance Reserve Fund.  Persons giving through the Caring for People Campaign to the Heritage Club assist the YMCA by raising endowment funds to help insure the continuing health of the YMCA of Topeka, to loan money to the YMCA of Topeka for emergencies, and to provide money for capital improvements to YMCA of Topeka facilities.

• Persons are interested in knowing that their heirs will be well taken care of after they are gone, but most persons are also interested in leaving a legacy.  It may be possible to create a significant legacy while leaving 80% to 90% of a person’s estate to fill family needs.  Substantial tax savings and other important benefits are available through a variety of current and deferred gift endowment plans.

Here’s how you can leave a legacy:

• An Outright Gift (cash, securities):  Creates current income tax savings, Provides possible capital gains savings
• A Charitable Remainder Trust:  Provides a lifetime income to the donor or other persons, Creates income tax savings in the year the gift, Allow capital gains, estate and gift tax savings, Provides for tax-free sale of assets
• Naming the YMCA Foundation in a Life Insurance Policy:  Makes possible a large future gift, Provides possible current income tax savings
• A Bequest in One’s Will:  Insures that assets one needs during life will not be dissipated, and makes possible a substantial charitable gift in memory of an individual, Creates estate tax savings
• Memorial/Honorary Gifts:  A loved one can be remembered forever through contributions to the Endowment Fund, A special personal achievement may be recognized through a donation to the Endowment Fund.