YMCASPBC - Y Adcenture Guides - YMCA South Palm Beach County

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YMCA of South Palm Beach County 6631 Palmetto Circle South Boca Raton, FL 33433 Santa Claus joins the Grand Reopening celebration at the Y - Florida style DID YOU KNOW? IRA Distributions can directly benefit you and the YMCA Don't forget to take advantage of the new tax free IRA rollover charitable incentive included in pension legislation this year, and only good until the end of 2007. Donors can write a tax free donation to the YMCA directly from their IRA. NON PROFIT ORG. U.S. POSTAGE PAID WEST PALM BEACH, FL PERMIT NO. 3580 The Pension Protection Act of 2006 includes some of the most sweeping changes to retirement plans in 30 years and has provisions that may benefit you and the YMCA. It allows an individual to roll-over a portion or all of one's Individual Retirement Account (IRA) into a donation to a nonprofit charity. That donation would be tax free, and therefore not subject to one's annual federal income tax. However, the provision is effective only through 2007, it includes a $100,000 ceiling on the amount that is tax-free, and the donor must be at least 70.5 years of age. Any amount up to $100,000 distributed from a traditional IRA or a Roth IRA, which would otherwise be included in the definition of taxable income, is now tax-free when given to a tax exempt organization to which deductible contributions can be made. For more information, please consult your tax advisor and estate planner, or call Vicki Pugh, Vice President of Philanthropy at (561) 237-0929 or e-mail vpugh@ymcaspbc.org.
Winter Issue 2006 YMCA of South Palm Beach County YMCA Partners with Youth Program Gives Families Healthy Opportunities E ach year, thanks to the Partners with Youth scholarship program, more than 1,700 people, who would not otherwise be able to afford it, enjoy the privileges of participating in programs and membership at the YMCA of South Palm Beach County’s branches, the DeVos-Blum Family YMCA of Boynton Beach and the Peter Blum Family YMCA of Boca Raton. An annual fundraising drive was conducted to raise funds to support the program, which provided more than $745,000 in scholarships to needy families and individuals in 2006. Volunteers and staff members of the YMCA of South Palm Beach County gathered recently at the Delray Beach Marriott to kick off the 2006 Partners with Youth scholarship program fundraising campaign. Chairs David Beaumont from the DeVos- Blum Family YMCA of Boynton Beach and Russell Lisk of the Peter Blum Family YMCA of Boca Raton introduced volunteer fundraisers and announced this year's goal of $543,000. Scholarships are provided to children, families, adults and seniors, who would otherwise not be able to participate in YMCA programs or membership. For a family, a scholarship may mean affording a quality after school program at the Y, rather than allowing their children to go home to an empty house every day. For a child, a scholarship can provide access to swimming lessons and help him/her develop an important life-saving skill. For senior adults, a scholarship can offer opportunities for improved health and socialization. Anyone with financial need is offered the opportunity to apply for scholarship assistance. The Partners with Youth scholarship program fundraising campaign concluded on December 5th with a victory celebration at the Delray Beach Golf and Country Club. For more information on how you can support the Partners with Youth program, please contact Joann Foster at the Peter Blum Family YMCA of Boca Raton at (561) 237-0969 or jfoster@ymcaspbc.org or Beverly Johnson at the DeVos- Blum Family YMCA of Boynton Beach at (561) 536-1402 or bjohnson@ymcaspbc.org Thank you Scott Hernley, managing partner of Carrabba’s Italian Grill in Boynton Beach, for hosting a luncheon to benefit the DeVos-Blum Family YMCA of Boynton Beach’s Partners with Youth Scholarship Program. Through Carrabba’s support, the YMCA raised more than $1,200! Peter Blum Family YMCA of Boca Raton DeVos-Blum Family YMCA of Boynton Beach
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YMCASPBC - Y Adcenture Guides - YMCA South Palm Beach County

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