Year-End Giving

When you make a charitable gift to Camp Foster YMCA by December 31, you are entitled to significatn tax savings while supporting our mission.  The assts you give will determine your deductions when you itemize.  For Example:

Cash.  Your gift is fully tax-deductible up to fifty percent of your adjusted gross income (AGI) in the year you make your gift.  You are allowed to carry over any excess deduction for five additional years.

Stock.  A gift of long-term appreciated stock offers two tax savings.  First, you avoid capital gains tax.  Second, you recieve an income tax deduction - based on the increased value of the stock instead of its lower cost basis - of up to thirty percent of your AGI, with a five-year carryover for any excess.

Real Estate.  With real estate you can deduct the value of your gift up to thirty percent of your AGI, with a five-year carryover.  For real estate held more than one year, you generally receive a deduction based on the property's fair market value and pay no capital gains tax.

Tangible Personal Property.  By giving personal property related to our tax-exempt function, you may be eligible for a deduction for its fair market value up to thirty percent of your AGI, with a five-year carryover , and avoid capital gains tax.  For a gift unrelated to our function, the deduction is limited to your cost basis up to fifty percent of you AGI.