The members of the Heritage Club are individuals and families who have made an outright or planned gift to the YMCA’s Endowment Fund. The Endowment Fund draws only on interest, never on principal. In this way we give everyone, and especially our youngsters, the security of knowing something about their future… that there will always be a Y.
Where do proceeds go to?
Proceeds from the principal are used to enhance programs, grant scholarships, begin new programs or improve facilities. The endowment committee of the Board of Directors has the responsibility for the management of these funds subject to the approval of the Metropolitan Board. This includes the fund’s preservation, growth and intended use. Accurate records are maintained on each individual fund designation to assure proper accounting of both principal and income.
What are the benefits?
As an integrated part of your overall financial plan, the benefits from your endowment gift will help secure your family’s future even as it perpetuates the work of the Y for generations to come. Gifts to the endowment may be unrestricted or designated to the YMCA of Metropolitan Chattanooga, to a specific branch or to a specific program.
Gifts take many forms including a bequest through one’s will or trust, appreciated assets such as stock, naming the YMCA as the beneficiary of a life insurance policy or retirement account, or by making a direct cash contribution. A gift can be structured to provide financial security for the donor and his/her heirs while maximizing its impact for the Y.
17th Annual YMCA Heritage Club Dinner
For more or to become a Heritage Club member, please contact Development Director Tripp McCallie at (423) 265-8834, ext. 106 or email@example.com