Giving

More info will be coming to this page - please check back again. 

 

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.

 

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!

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.