Who Are the Members of the Heritage Club?
The members of the Heritage Club are individuals and families who have made an outright or planned gift to the YMCA of Bristol’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 the Proceeds Go?
Proceeds from the principal are used to enhance programs, grant scholarships, begin new programs or improve facilities. The Endowment Committee has the responsibility for the management of these funds. 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 Endowment Fund of the YMCA of Bristol
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 you, as a donor, and your heirs while maximizing its impact for the Y. As a member of the Heritage Club, you send a message to the next generation that says, “We care!”
Our Commitment to You and the Community
Through your generosity, and the generosity of others like you, our Endowment Fund will keep the Y around for you, your family and future generations. The Y is for everyone regardless of race, religion, gender, age, income or ability, and we will always be committed to our mission of building healthy spirit, mind and body for all.