Eye on the Y: Christmas is here

Are your ready for holiday camp?

It’s hard to believe that Christmas is only six days away. The days just fly by anymore. When I was a small lad it seemed that Christmas would never get here; but I knew when my birthday would arrive (It’s this Sunday, by the way) Christmas and New Years and vacation from school would soon be here.

It’s the same at the Y. Tonight is a dance for students in grades 3-4-5 at the Y. The theme is “Dress to Impress” and will be held at the “Miss Dottie Pool Pavilion.”

Tonight is also parents Nite Out, a chance for parents to drop off the little ones and go do some serious shopping, or stay home and enjoy the quiet.

This weekend two more Christmas Island Style Events are scheduled .The Island Style Boat Parade is scheduled for Saturday night and Santa’s Calling will be Sunday night from 6 until 8 p.m.

Session I Holiday Camp at the Y starts Monday. The Y will close at 3 p.m. Christmas Eve and New Year’s Eve and will be closed on Christmas and New Years Day.

Now, on to a more serious note. Year-end is a great time for giving. When you make a donation to the Greater Marco Family YMCA by Dec. 31, you are not just giving away money. You are perpetuating your own values and the mission statement of the Greater Marco Family YMCA. Here are four tips to help you make the most of your year end giving.

1. Talk to your advisor. Before making any significant gift to the Greater Marco Family YMCA, have your CPA, attorney, or other advisor help you understand the impact of your gift on your income tax return and estate.

2. Do your giving early. This is especially true if you want to make a gift of non-cash assets. It also applies to life income grants.

3. Calculate your income — take the time to do some planning. Try to get a handle on your tax liability for the year.

4. Review your stocks. Look at the stocks you have held for more then a year. Which ones have appreciated the most? It may be prudent for you to make your year end gift using one or more of these stocks. Here’s why. If you sell the stock, you will incur capital gains tax on the appreciation. However, if you gift the stock you get a charitable deduction for the full amount of the stock, just as you would if your gift was made for cash.

To make a donation to the Greater Marco Family YMCA, or if you have any questions about planned gifts, gifts of securities or stocks, or matching gifts, please call the administrative office of the Greater Marco Family YMCA at 239- 394-3144, ext. 230

I would like to certify that the Greater Marco Family YMCA is a qualified 501C3 tax exempt entity and is eligible to receive tax deductible gifts under IRS regulations, Federal ID number: 59-2498619.

Well, that’s all from the Greater Marco Family YMCA. Have a great week and I’ll see you at the Y.

© 2008 marconews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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