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Legacy Chairman’s Round Table Member

As an annual Chairman's Round Table (CRT) donor, you have impacted lives and families in your community for many years. We rely on these contributions to change lives through summer camp, youth sports, before and after school programs, and YMCA memberships.

You can ensure that your support of these programs continue for years to come by establishing a named fund within the endowment by becoming a Legacy Chairman's Round Table.

Here's how it works: Sarah and David Bean have supported the YMCA's annual campaign with a donation of $1,000 each year. Their children learned team values by participating in youth sports, made lifelong friends through summer camp, and as they've matured, are the healthiest they've ever been, and attribute it to being a member of the YMCA. The Beans want to ensure that others in the community will have the same opportunities that their family experienced, and want to leave a legacy by creating a named fund within the endowment.

By making a minimum donation of $25,000, they can create this legacy over time. After speaking with a Y representative, they realized how important their annual gift is. In order to continue their annual support, they decided to donate $6,000 per year for five years. Over that time, $1,000 is designated for annual needs, and $5,000 is designated for endowment. At the end of five years, the $25,000 principal established within the endowment will automatically fulfill their annual contribution in perpetuity. The principal will never be touched, and The Bean Family Endowment will be created.

Frequently Asked Questions Related to Our Legacy Chariman's Round Table
What is the minimum amount to establish a named fund within the endowment? Families or individuals may name a fund at $25,000 or more. This is payable over time, or at one time through a gift of cash or stock.

Can I designate my gift for a specific purpose? The Legacy Chariman's Round Table was created to provide financial assistance to friends and neighbors in the community who cannot afford YMCA programs or service. However, the YMCA of the Suncoast has specific options to which you can designate your funds: (1) undesignated for highest needs at the time, (2) for use at a specific branch, (3) for facility improvements, and (4) for high-priority programs identified by the board of directors.

How do I begin to establish my named fund? Request or complete a Letter of Intent to indicate your preferences.

Who do I call with questions?
Teresa Hibbard, CFRE
Vice President/Chief Philanthropy Officer
(727) 467-9622, ext. 1589
thibbard@suncoastymca.org

We hope you will give serious consideration to becoming a member of the Legacy Chairman's Round Table to ensure that the Y will continue to make a strong impact in the lives of community members for generations to come.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to YMCA of the Suncoast 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, [name], of [city, state ZIP], give, devise and bequeath to YMCA of the Suncoast [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 the Y 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 the Y 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 the Y 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 the Y where you agree to make a gift to the Y 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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