2021 Annual Support Campaign
Every year the YMCA of the Foothills sets its sights on real and lasting change. We believe every child should learn drowning prevention, every teenager should have a mentor and connect with their passion, every senior should have the tools to prevent falling and every family should have access to programs that build stronger family relationships. The YMCA of the Foothills Annual Support Campaign raises charitable funds needed to address some of our most pressing community needs. Every dollar raised ensures thousands of our neighbors – from youth to seniors – can count on the Y to live healthier and happier lives.
Covid-19 has challenged us to be creative in how we bring our life changing programs to the community and the Y has met that challenge.
Whether you are connected to the Y today or have a fond memory from years past, you are part of our family – and we need you to stay with us. Please join us by making a contribution that is meaningful to you and your family so that we can make a lasting impact in the Foothills community. We cannot do it alone.
The YMCA of the Foothills serves youth, families and seniors in Shadow Hills, Sun Valley, Sunland-Tujunga, La Crescenta, Montrose, North Glendale, and La Canada Flintridge, and portions of Unincorporated Los Angeles County.
Covid-19 has challenged us to be creative in how we bring our life changing programs to the community and the Y has met that challenge.
Whether you are connected to the Y today or have a fond memory from years past, you are part of our family – and we need you to stay with us. Please join us by making a contribution that is meaningful to you and your family so that we can make a lasting impact in the Foothills community. We cannot do it alone.
The YMCA of the Foothills serves youth, families and seniors in Shadow Hills, Sun Valley, Sunland-Tujunga, La Crescenta, Montrose, North Glendale, and La Canada Flintridge, and portions of Unincorporated Los Angeles County.
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BECOME A MAJOR DONOR
At the Y, we recognize those donors who have advanced their support of youth and family programs by making annual contributions to the Y of $1,200 or more. These individuals, businesses and other community organizations enable us to enrich and expand our mission and meet human service needs throughout our community. Their support makes it possible for families and individuals, regardless of their ability to pay, to participate in the programs and services that we offer through the Y. These programs instill our core values – Caring, Honesty, Respect and Responsibility - and help guide our members to a lifetime of success and service.
It is easy to become a Major Donor – Just make contributions totaling $1,200 or more by December 31st. We honor the impact of our major donors and sponsors at the $1,200 level with an end of year celebration event.
It is easy to become a Major Donor – Just make contributions totaling $1,200 or more by December 31st. We honor the impact of our major donors and sponsors at the $1,200 level with an end of year celebration event.
CARES ACT
THE CARES ACT
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
What conditions need to be met to qualify for the enhanced tax benefits? To trigger these new benefits, both individual and corporate taxpayers have to make a qualified charitable contribution. The increased limits are applicable only to cash donations. Contributions of any kind of property, including marketable securities, real assets or otherwise, do not qualify. To qualify, the cash contributions have to be made, with a few exceptions, to a public charity.
For more information:
https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions
The CARES Act makes a new charitable deduction available to individual taxpayers that do not itemize their deductions. This new benefit, also referred to as a universal deduction, allows for a charitable deduction of up to $300 per individual. This is an above-the-line contribution that is deducted from the individual taxpayer’s income prior to the calculation of their adjusted gross income. This is the one charitable giving benefit that will extend beyond the 2020 tax year.
In addition to the new universal deduction, for 2020, the Act provides incentives for both individuals and corporations by increasing the available deductions on qualified charitable contributions to:
- 100% of their adjusted gross income for individual taxpayers who itemize their deductions. Beyond the scope of the CARES Act, the deduction for qualified charitable contributions made by itemizing individual donors is limited to 60% of their adjusted gross income.
- 25% of taxable income for corporations. Up from the 10% limit which is generally applicable for corporations outside of the CARES Act.
What conditions need to be met to qualify for the enhanced tax benefits? To trigger these new benefits, both individual and corporate taxpayers have to make a qualified charitable contribution. The increased limits are applicable only to cash donations. Contributions of any kind of property, including marketable securities, real assets or otherwise, do not qualify. To qualify, the cash contributions have to be made, with a few exceptions, to a public charity.
For more information:
https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions
2021 Philanthropy plan