In 1973, an Endowment Fund was established with individual gifts from long-term friends of the Salina YMCA. Today, the Endowment Fund has grown to a market value in excess of $4 million and consists of general endowments and endowments designated by the donor for the benefit of a specific program.
The Board of Directors of the Salina YMCA Endowment Foundation has overall responsibility for managing the funds invested in the Endowment Fund, including preservation, growth and use. Responsibility for the investment of these gifts is managed by the Endowment Board, which utilizes in addition, a professional fund manager.
Just as the YMCA has served multiple generations over the years, gifts that were created on our behalf years ago continue to provide support today – well past the lifetimes of the original donors. This has happened because of our donors’ generosity and the use of charitable giving arrangement known as an endowment gift- sometimes called the perpetual gift. An endowment actually results in two benefits. In addition to satisfaction of making a lasting gift, your generosity to the YMCA can result in significant tax and estate planning advantages for you and your family. An endowment program is simply the time-honored method of giving cash or other assets to an investment fund. This fund is invested to earn income each year, and as the principal grows, so does the income. A portion of the growth income is used to support our work, while the principal always remains intact and invested in order to perpetuate the fund. We welcome the opportunity to discuss your ideas for the fund and help you determine the best way to accomplish your goals.Design Your Own Trust Plan
For more information on the Endowment Fund, please contact Angie Lassley at 785.825.2151.
The Y is a volunteer-led, community-owned, 501c3 nonprofit organization, and any income is reinvested to meet local needs.