YMCA Greater Pittston YMCA
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Ways to Give

Gifts of Cash

A gift of cash is available immediately for Greater Pittston YMCA’s use and in most cases is 100% deductible for donors who itemize deductions*. Your check should be made payable to Greater Pittston YMCA.

Pledges

Pledges are accepted with a signed letter of intent and payable over three years.

Gifts of Securities

Increasingly, donors are using appreciated securities – including publicly traded and privately held stock and mutual funds – to make gifts to Greater Pittston YMCA. This method of giving allows the donor to take a charitable deduction for the full current value of appreciated securities held longer than one year and avoid paying the capital gains tax that would be due if the donor sold the securities.

IRA Charitable Rollover

Donors can give up to $100,000 per year, for the current tax year, from their IRAs and exclude the distribution from income. Donor must be at least 70 ½ on the date of the gift to a public charity. An added bonus is that an IRA rollover by December 31, 2012 will qualify for all or part of the IRA owner’s required minimum distribution for 2012. Donors considering such a gift need to consult with their tax advisor.

Gifts of Real Estate

Real estate, such as a piece of land, a house or a farm, may be given outright, in which case Greater Pittston YMCA will sell the property and use the proceeds for purposes designated by the donor. Any appreciated value is not usually subject to federal capital gains tax, and a substantial charitable deduction may be claimed.

Please contact our Chief Executive Officer at 570-655-2255 ext 101 for more information or specific instructions regarding any of these types of gifts.

*Always contact your financial and/or tax advisor for specific deductibility implications.