What is an Endowment?
Creating an endowment is a way you can establish a living legacy at the Y — in your own name or that of a loved one.
Endowment gifts are especially meaningful because they enhance the Y in perpetuity. These gifts create permanent funds where the principal of the gift is continually invested to generate earnings. Each year, a portion of the fund’s balance is transferred to support the Y program you choose. The core of the fund remains invested for long-term growth.
When you establish an endowment, you can design it to support any area at the Y that is important to you, such as: supporting access and belonging for all, directors and staff in a particular branch, enhancements to a program, facility, or team.
While gifts of all sizes are welcome, you may create a named endowment with a commitment of $25,000. Many donors decide to make a gift that allows their endowment to start benefiting the Y immediately, while arranging for a planned gift that increases its impact in the future.
Endowments Empowering Generations: Meet Nancy and Bruce McDonald
Nancy and Bruce’s Y history runs deep, as both their fathers swam at the YMCA in Seattle, though they did not know each other then. Bruce and Nancy joined the original Downtown YMCA after moving to Tacoma, and Bruce played handball regularly. He remembers John Morgan’s audacious goal to build the Y on Pearl Street and later became a member there before joining the Lakewood YMCA as the family grew. You can find Bruce swimming laps regularly, and Nancy shared that “he would go every day if he could.” As he and Nancy reflect, they share that the Y has been a part of their life as long as they both can remember. Bruce and Nancy have witnessed first-hand the power of having the YMCA in their community, providing an environment for families to flourish and youth to receive life-changing mentoring and care needed for success in life. It is their intention to help support future generations the opportunity to grow and thrive at the Y.
FLEXIBLE OPTIONS TO CREATE YOUR ENDOWMENT
Do you want to see the impact of your endowment at the YMCA today while you build your endowment’s principal over time? Start forever, today: Make an impact through the YMCA today that will carry on forever.
- Define and build your legacy through the YMCA
- Witness the impact of your endowment today
- Maximize charitable tax planning
Learn more about the YMCA Endowment Fund and meet our Investment Committee.
How to Consider your Non-cash Assets to Establish your Endowment
You can plan to fund your endowed gift through your estate. A virtual endowment enables you to hold onto your assets while providing the YMCA the same annual impact that an actual endowment will generate. This allows you to make a significant gift that might otherwise have to be postponed for economic reasons, while at the same time feeling the impact of your gifts today.
Federal tax ID number: 91-0565562
Young Mens Christian Association of Pierce and Kitsap Counties 4717 S 19th Street Suite 201 | Tacoma, WA 98405
Endowments may support programs, facilities, positions, Y Scholarships, greatest need
What is the area you care about most? Your gift can enhance any area at the YMCA of Pierce and Kitsap Counties.
You may designate your gift and establish an endowment in support any of the Y’s community centers, programs, positions, facilities, Scholarships, or greatest need. Your investment will be put to use right away to create outstanding and meaningful experiences for our Y members and in outreach to the community.
Y Experience Scholarship Endowment
Scholarships at the Y help remove the financial barriers to accessing YMCA facilities, programs, and services. The scholarship provides individuals and families the opportunity to participate in the life-changing programs and services offered by the YMCA regardless of age, background, ethnicity, ability, or income.
YES to every child, teen, adult, and family in developing to their full potential and achieving their best.
YES to programs and activities that support individuals and families in realizing healthy lifestyles and meaningful connections.