Giving

One Time Gifts

One-time gifts to the Y's 2022 Annual Campaign can be made here

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 Alyssa Silko, Chief Development Officer, 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.

 

YMCA is a proud partner of the United Way of the Black Hills.