SALINA FAMILY YMCA

785.825.2151

570 YMCA Drive, Salina, Kansas 67401
Alert - High

Renovation Update as of July 21, 2017 - More Details >>

Alert - Low

Annual Pool Closing for Cleaning - More Details >>

The Endowment Fund

 

Support: The Endowment Fund

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 $3 million and consists of general endowments and endowments designated by the donor for the benefit of a specific program.

Investment Management

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.

Endow a Timeless Gift

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. You can contribute to an existing endowment or establish a new endowment- usually with a significant gift. Your endowment can finance a particular YMCA project, sustain a continuing program, allow for expanded services or provide for our current crucial needs. We welcome the opportunity to discuss your ideas for the fund and help you determine the best way to accomplish your goals.

Have you thought about establishing a Trust?

Today, more and more people use trusts for all sorts of reasons. A trust can protect your family and your money. It can save taxes. And it can make certain your estate will benefit the individuals and charitable organizations that you choose, such as the YMCA. When you put a trust in your will, it’s called a testamentary trust. You can keep all your assets in your name as long as you live, then your trust plan will be funded from the assets passing through your will after your lifetime.

How a Trust Plan Works

You can set up a trust for anyone and for just about any purpose. It’s a remarkably versatile and flexible means to carry out your wishes and ensure the prudent investment of your assets. The particulars are simple. A trustee chosen by you will manage the trust assets, called the principal, and pay an income to those you want to support, your beneficiaries. Ultimately, the remaining principal-the remainder-will be distributed outright to the individuals or organizations you name. Your attorney will draft the provisions in your will following your instructions. The trust can comprise the residue of your estate, a percentage of the residue or a fixed dollar amount. For tax or other reasons, you may want to establish several trusts.

A Typical Plan

Suppose you decide to create a trust to benefit your spouse, children and the YMCA. You direct the trustee to pay the income from the trust assets along with some of the principal, if necessary, to your spouse to maintain the same standard of living. Example: John is married, and his estate plan leaves the couple’s home, furnishings and jointly held assets to his wife, Jean. From the residue of his estate, his will establishes two trusts for her benefit: a martial trust and a credit shelter trust. After Jean’s death, the remainder of the martial trust will be distributed in equal shares to their two children and favorite charitable organization. The children will also receive the remainder of the credit shelter trust. This typical two-trust plan maximizes tax savings. All the assets in the martial trust pass estate tax-free to Jean. The credit shelter trust guarantees that the exemption amount worth of assets (amount is currently $1.5 million) will bypass tax in Jean’s estate. And the share distributed to the charitable organization is entirely tax-exempt. You can choose from many trust plans, depending on your circumstances. For instance, if you have no children or are single, you may consider leaving the entire remainder to the YMCA. Gifts to us can be in memory of yourself or a loved one. We are pleased to honor your wish, and we have many ways to grant appropriate recognition.

Design Your Own Trust Plan

You can put a trust plan in your will that fits your special needs. You can protect your family and support the YMCA community activities, too. Ask your representative for suggestions.

Generosity May be Good For Your Healthclientuploads/stock_thumbnails/childExerBall_tn.jpg

At the age of 54, billionaire John D. Rockefeller was given one year to live. He’d defined his life by an intense and greedy chase after unprecedented riches. In the process, he earned the hatred of his employees and a plethora of physical ailments. By the time of his fateful diagnosis, he’d lost his hair, suffered from incessant insomnia and could tolerate only a diet of crackers and milk. Facing his “final year,” Rockefeller made an abrupt about-face, redirecting his life mission toward caring for others through a commitment to philanthropy. Miraculously, his health rallied, he slept soundly-and he lived to age of 98. Researchers studying human growth use this story to illustrate the connection between positive aging and developing a sense of purpose. “There is evidence that feeling a positive sense of purpose generates endorphins that aid in physiological adaptive ness,” reports the Novartis Foundation of Gerontology. “Negative psychological states are associated with a decline in the immune system. Earlier research, for example, indicates that positive feelings, religious beliefs and expression of goals and hopes is related to regression of cancer and other auto-immune disorders.” While research is under way to better define the link between a sense of purpose and physical health, the idea holds promise. Those of us faced with critical juncture in our lives, such as retirement or a change in vital relationships, may be particularly at risk. Our ability to define and nurture a new, meaningful path for ourselves may prove key to a long and fulfilling life.

clientuploads/stock_all_small/ymca_stock_44.jpgEndowments Never Stop Working

Even though you may be retired, or making plans to retire, consider establishing an endowment fund with the YMCA that will keep those funds working even after your lifetime. Discover the secret of perpetual giving by requesting our FREE brochure, Memorials and Endowments Gifts That Transcend Time.

Expand Your Circle of Giving

One of the most beneficial and valuable experiences you can give to children is that of philanthropy. It is a basic as the importance of sharing. Children and grandchildren can be taught early that giving is truly a person-to-person effort, upon which many charitable organizations depend.

Sharing your commitment to the YMCA with your children or grandchildren not only creates a closer family bond but also widens the circle of people who care. Involving the family has benefits that go far beyond just the act of providing for the needs of the charitable organization such as the YMCA. Giving shows children the value of respect and love for others. Volunteering with your children helps them build a positive sense of self. Including children philanthropy will guide them down a path of wisdom, compassion and involvement with others. Plus, they will witness the gratitude of the recipients and see the good such gifts can do.

When mentoring young people through the giving process, our staff members can give you several ideas for ways they can become involved in the YMCA’s longstanding mission of helping others.

The Salina Family YMCA is a proven leader in fitness and health enhancement in our community. Nationally, the YMCA of the USA employs experts to develop programs and resources for the local YMCA’s. Locally, the YMCA’s staff of professionals works with other community health providers to meet the needs of our community. The Salina Family YMCA board of directors carefully monitors the policies and services of all programs to insure the highest standard of quality for all members.

For more information on the Endowment Fund, please contact Angie Lassley at 785.825.2151.

SMTWTFS
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          
See All Month's Events

Register For Programs

Give

Become a Member

Tell Us What You Think

Champions of Health

Membership Services Desk Survey

Our Mission:

To put Christian principles into practice through programs that build healthy spirit, mind and body for all.

The Y is a volunteer-led, community-owned, 501c3 nonprofit organization, and any income is reinvested to meet local needs.

Enews Signup