Giving

Your Impact

Caden* wore the same clothes every day. His defenses were up and he didn’t interact with the other kids.

Teachers at the Y Summer Learners program noticed that this young boy had very little in the way of clothing and exhibited poor hygiene. While he did the work for the program Caden was quiet, withdrawn and didn’t actively participate.

The teachers decided to do something about it. They rounded up several new shirts, shorts and shoes for him and put them all in a backpack along with soap, toothpaste, shampoo and other sundries. Receiving this backpack, this young boy just beamed and would not take it off the rest of the day.

Caden is wearing the new clothes and proudly carrying the Y backpack each day. Staff says he is interacting and playing with the other kids. One staff member said they heard him speak to other kids for the first time. He is eager to participate and contribute. You can see it in his face. Having these physical needs met has enabled Billy to be a kid.

Caden's mom has also benefitted as she has met other parents and is able to carpool so Billy is on time each day.

That’s just how Y staff work. You see the Y Summer Learners program provides academic and enrichment activities to help young children most at risk of summer learning loss. And while the program has been proven to greatly improve learning among these children, Y staff recognized that this young boy needed more to achieve these results

While most kids are not experiencing these physical needs. They do need a place to belong, to achieve and to build nurturing relationships with adults. Last year the YMCA provided this for about 3,000 kids. That’s the number of youngsters that receive a YMCA sponsored membership. With a Y membership kids and teens participate in activities like Y Summer Learners, Y afterschool and outreach programs, swim lessons, basketball leagues, golf, unicycles, day camp, leadership development and so much more. And all these programs are led by compassionate, effective and determined Y staff.

It is your gift that makes all this possible. 

*name/photo have been changed
 
Take a look at our annual report for an overview of all the YMCA is doing for youth development, for healthy living and for social responsibility.

 

Company Matching Gift Opportunity

Your company may be one of the many that match employee contributions. If your company offers such a matching gift program, the impact of your donations can be doubled or even tripled!

To multiply your donations to the YMCA without giving another dime follow these simple steps:

  • Ask: Contact your company's human resources office and ask whether your company matches employee donations. You must make this initial contact.
  • Fill Out: Print or request your company's matching gift form and complete it.
  • Send: Mail the completed form along with your gift to the YMCA of Rapid City.

Gifts of Appreciated Assets

Are You Looking for Ways to Save on Taxes and End the Year Well?

As the end of the year approaches, many families think of giving year-end gifts to the charities of their choice. We hope you consider giving to the YMCA. You could consider including estate planning through a will or trust, a gift annuity, donor-advised funds, or donating a stock gift.

The stock market is at an all-time high, which makes it a good time for giving stocks. If you are considering a stock gift, remember to start the process early so you don’t run out of time before December 31.

Please contact us for more creative giving options as you decide on your end-of-year gifts.

Gifts of appreciated assets, including securities or real estate, are excellent ways to support the Y's commitment to youth development, healthy living and social responsibility. These gifts can provide you with numerous benefits: 

·         Receive an income tax deduction, based typically on the asset’s fair market value 

·         Avoid federal and state capital gains taxes

·         Avoid the Affordable Care Act Medicare tax 

Dividends and capital gains are distributed at year’s end. Donating your mutual fund shares now, before taking those distributions, may reduce or eliminate altogether the taxes you would otherwise incur on those gains, and it will increase the value of your gift to the YMCA.

For specific questions about transfer of marketable securities, mutual funds, or if you have closely held stock to donate to the YMCA, please call your financial advisor or Roger Gallimore, YMCA Executive Director, at 605.718.9622.

Creating Your Legacy
Estate Planning News

As the weather turns cooler and the end of the year approaches, we want to give you the information you need to make good year-end financial decisions, especially related to the IRA Charitable Rollover. If you’re 70 ½ years old or older, you can roll over part of your IRA’s required minimum distribution to the YMCA to help reduce your tax bill while supporting the mission of the YMCA. Many people consider giving a direct contribution from their IRAs to be “a great advantage.”

Our goal is to provide credible information about these important financial decisions for Y members and friends. This information is meant to provide up-to-date, helpful resources on topics that affect your quality of life, your finances, and your legacy.

We’re also pleased to share with you the latest financial news from Washington to help you with your estate planning decisions.

Please contact us if we can provide more information or otherwise be of assistance to you.

IRA Charitable Rollover -
Creating Your Legacy with IRA Charitable Rollover Gifts

Are you taking an IRA distribution this year? You might pay more in taxes!

Congress made permanent the law that allows people age 70½ or older who own an IRA to make cash gifts directly from their IRA to charity. For many people, this is the best tax-wise way to give. An IRA rollover gift will not be included in your taxable income and will qualify for your required minimum distribution. 

Rolling over part of your IRA’s required minimum distribution (RMD) to the YMCA of Rapid City can help reduce your tax bill while supporting the YMCA's mission in our community. If you are 70½ or older, any portion of your RMD can be used to make a gift of up to $100,000 this year from your IRA to help further our mission. Contact your IRA administrator to get started with your gift. 

While you will not receive an income tax deduction, you will not pay taxes on any distributions made to us. Please inform us of your plans so that we can use your gift for the YMCA causes that mean the most to you.

  • Transfer up to $100,000 this year from your IRA to a qualified charity. You will pay no income taxes on the amount transferred. (Note: Because you are not claiming the transferred amount as income, you will not receive an income tax deduction for your gift.)

For more information contact us or your financial advisor.