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Consider an Endowment to Hockomock Area YMCA

Planned gifts provide an avenue for Hockomock Area YMCA donors to impact their communities while creating income, obtaining tax advantages, and providing for loved ones.  Please review the brief descriptions below for information on ways you can make a planned gift to the Hockomock Area YMCA.  It is recommended that you consult your financial advisor when considering gifts of this nature.

Bequests
A bequest is the result of careful thought about the good use of assets that have taken a lifetime of work, care, and stewardship to build or preserve. The bequest may be a specific sum or a percentage of an estate that can significantly increase the amount of the final gift.

Securities
Outright gifts of appreciated securities (stocks, bonds, mutual fund shares) are tax deductible at full fair-market value if the donor has owned the asset for at least 12 months.  To avoid capital gains taxes, you must provide the securities themselves, not the proceeds from their sale.  Gifts of closely held stock (usually stock in a family-owned business) also carry benefits for the donor.  The stock must have been held for at least 12 months for you to claim a charitable deduction at full fair market value.  If the deduction exceeds $10,000, a qualified appraisal is required for tax purposes.

Qualified Retirement Plan Benefits
For many people, retirement plan benefits constitute a major portion of their assets.  However, such assets can be heavily taxed when they pass to heirs, and over-funding of retirement accounts can result in significant tax liabilities.  Charitable uses of retirement benefits can provide benefits to the donor and recipients.

Life Insurance
There are many ways in which life insurance policies can be used to make a gift.  Some provide a tax deduction and may enable the donor to make a larger gift than might otherwise be possible.

For more information, please contact: 
Ed Hurley, President Hockomock Area YMCA - edh@hockymca.org | 508.643.5230

 

 

 

 

 

 
North Attleboro Branch
300 Elmwood Street
North Attleboro, MA 02760
508.695.7001
Fax: 508.699.0439
Hours of Operation:
Mon - Fri from 5:15 am to 9:30 pm
Saturday from 6:00 am to 6:00 pm
Sunday from 8:00 am to 6:00 pm
Bernon Family Branch
45 Forge Hill Road
Franklin, MA 02038
508.528.8708
Fax: 508.528.6270
Hours of Operation:
Mon - Fri from 5:15 am to 9:30 pm
Saturday from 6:00 am to 6:00 pm
Sunday from 8:00 am - 6:00 pm
Invensys Foxboro Branch
67 Mechanic Street
Foxboro, MA 02035
508.543.2523
Fax: 508.543.5503
Hours of Operation:
Mon - Fri from 5:15 am to 9:30 pm
Saturday from 6:00 am to 6:00 pm
Sunday from 7:00 am to 6:00 pm
Mansfield Arts & Education Center
40 Balcom Street
Mansfield, MA 02048
508.339.3066
Fax: 508.337.8479
Hours of Operation:
Mon - Fri from 7:00 am to 9:00 am
and from 2:00 pm to 6:00 pm
Evenings & weekends by appointment