If you’re ready to make an immediate impact to the YMCA Foundation, a gift of cash is the simplest an easiest form to make that happen.
Want to make a gift to the Bloomington-Normal YMCA Foundation without touching your bank account? Consider giving us real estate, such as a personal residence, vacation home, farm, commercial property or undeveloped land. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give the Bloomington-Normal YMCA Foundation appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction and you may minimize or eliminate capital gains tax. And, you no longer have to deal with that property's maintenance costs, property taxes or insurance.
Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to the Gateway Region Y or ask your attorney to add a few sentences in your will or trust agreement.
Ways to Give Real Estate
You can give real estate to the Bloomington-Normal YMCA in the following ways:
- An outright gift
- A gift in your will or living trust
- A retained life estate
- A deferred charitable gift annuity
- A bargain sale
- A charitable remainder unitrust
- A charitable lead trust
- A memorial or endowed gift
- A donor advised fund
