Gifts and Donations
Contributing to YCC helps us keep families together. When you give to YCC, 100% of your donation goes to our programs for children and families. Donations to YCC are managed through the YCC Foundation; click here to make a direction donation
Individuals and corporations can make in-kind donations of items that are useful in the operation of Youth Crisis Center. We can use donations of paper goods, food supplies, working computers, televisions, radios, personal care items, recreational equipment, vehicles, teen clothing and other items to assist in our care.
Donations of tickets to recreational and entertainment events are an excellent way of helping our kids get off the campus for a few hours. Holidays are particularly difficult for these children estranged from their families. Gifts and meals brought to the campus are a great source of comfort and healing for these kids.
Real Estate Property can be gifted to YCC, and the donor is generally entitled to a deduction for the full fair market value of the property.
Wills & Bequests
Wills are an excellent way for you and your family to make a substantial gift to our organization following a death. Here are some aspects of making a lasting gift through bequests:
- Specific Bequest: Donors can designate a specific amount of cash or property through their will.
- Percentage Bequest: Donors can designate a percentage of the value of the entire estate, or a particular asset.
- Residual Bequest: Donors can designate the remainder of an estate, which can consist of property and/or assets remaining after payment of expenses and taxes.
- Life Income Bequest: Donors can designate the will to pay income to the beneficiaries for their lifetime. At their death, the remainder is donated.
To learn more about how you can make a donation through wills and bequests, and about the tax benefits of doing so, please contact our tax attorney, James Walker, at firstname.lastname@example.org.
Trusts, Annuities & Stocks
There are distinct tax advantages in the transfer of trusts and stocks to Youth Crisis Center.
CHARITABLE REMAINDER TRUSTS
A Charitable Remainder Unitrust is a trust funded by the transfer of property whereby no capital gains tax would be due on the sale of assets by the Trust and the donor would receive an income tax deduction for the gifting of property. One or more beneficiaries would receive a lifetime income, and after the lifetime of the income beneficiaries, the remaining trust principal is gifted to YCC.
A Charitable Remainder Annuity Trust is similar to a unitrust except that the income is paid to beneficiaries as a fixed dollar amount rather than a fixed percentage. A Charitable Remainder Lead Trust would pay income to YCC according to terms specified in the trust after which the principal is distributed back to the donor or their heirs.
Benefits to the Donor: 1) income tax deductions; 2) avoidance of capital gains tax; 3) increased income to donor; 4) reduction (or elimination) of Federal Estate Tax; and/or 5) ability to leave a lasting legacy to YCC.
REVOCABLE LIVING TRUSTS
A Revocable Living Trust is a superb vehicle for accomplishing several different tasks at the same time. The donor remains in control of their assets while receiving income for life. At the same time, the donor can designate YCC as a beneficiary of some or all of the assets within the trust. This decision can be revoked or amended at any time during the donor's lifetime. The living trust is a private document and does not pass through the probate process, incurring unnecessary costs and delays.
Benefits to the Donor: 1) avoidance of probate; 2) control over management & distribution of assets; 3) avoidance of a possible guardianship; 4) estate settlement is a private matter, not public; and/or 5) donor can amend or revoke the trust at any time.
A Charitable Gift Annuity is a very simple way to donate to YCC. After a donation of cash or property, YCC would agree to pay the donor, as well as beneficiaries, a fixed dollar amount of income guaranteed for their lifetime.
A Deferred Gift Annuity is a variation of the charitable gift annuity whereby the payment of income is delayed at least one year from the date of the gift.
Benefits to the Donor: 1) avoid capital gains tax; 2) guaranteed Income for lifetime of donor; and 3) very simple to accomplish.
Information about the transference of stocks to YCC can be obtained through our tax attorney, James Walker, at email@example.com.