Preserving the legacy of the YMCA

spring 2013

IMPACT

To Helen Corbell, the Y mission embodies all that she stood for: giving back in spirit, mind, and body. Helen left us in August 2011 after a courageous battle with breast cancer, however her gift to the Y will support youth in the Marysville community for years to come.

Helen’s daughter Sarah Devereux graciously shared memories of her mom and what the YMCA meant to her and her family.

Sarah has very early memories of the YMCA as a child living in Newport, Oregon. Her two younger brothers were involved in youth sports at the Y and her dad coached and refereed. She grew up, attended college in Oregon, and settled in Marysville about nine years ago.

Sarah now has three sons, 11-year-old twins Garrett and Parker, and 8-year-old Mason. All the boys started youth sports at the Marysville YMCA when they turned 3 years old and they played every sport offered until they aged-out of the program.

“Youth sports at the Y was a foundation in my boys’ lives when they were younger,” said Sarah. “They loved it and learned important values like teamwork.”

In 2005 Helen moved from Newport to Marysville to be closer to her only grandkids. Helen joined the Marysville YMCA as a way to meet new people and get involved in her community. She regularly walked on the sky track and loved having a safe place to walk with friends, rain or shine. She also praised the friendly Member Services staff.

Helen provided a family membership to Sarah every Christmas, a gift she truly appreciated as a young family on a single income.

In February 2009 Helen was diagnosed with Stage IV breast cancer. After her diagnosis she sat down with Sarah and the rest of the family to get her affairs in order.

“Having this conversation was a gift to the family,” said Sarah. “It was such a relief knowing she had the foresight to plan the future for her family and her community.” This then allowed the family to focus on living and healing.

After Helen’s treatment she joined the LIVESTRONG® at the YMCA program for cancer survivors. The program gave her hope and peace of mind as she progressed on her cancer journey. The Y was there to feed her soul during her deepest pain and struggle and she made some incredible friendships.

Two months before she passed, Helen wanted to see Mason’s last T-ball game of the season. Even with the hassle of her wheelchair on the grassy hill at the Marysville Y, she loved every moment and loved watching her grandsons blossom through playing YMCA sports.

Helen left a generous endowment of $24,917 designated to youth programs at the Marysville YMCA. The endowment will generate approximately $1,000 each year to support these important youth

programs in perpetuity.

“My mom aimed to live her own life with the same core values as the Y: strong investment in youth, living as healthy as she could, and with a huge emphasis on giving back to her community. The YMCA and its programs made a large impact on her during her short 63 years. Our family is so thrilled and honored to see her legacy live on and help so many in the future through her generous and planned giving. What a gift!”

leAvIng A legACyDOnOR PROfIle

The Devereux family with Helen

Financial Assistance:The YMCA of Snohomish County makes every effort to ensure that no person, especially youth, will be denied access to programs and membership because of financial hardship. The YMCA’s Finan cial Assistance Program is supported by contributions to our annual Invest In Youth campaign and United Way.

Mission Statement:The YMCA of Snohomish County is composed of people of all ages, ethnic backgrounds and religious affiliations united in sharing the values of caring, honesty, respect and responsibility through programs that build strong kids, strong families and strong communities.

Everett Family Branch2720 Rockefeller Ave.Everett, WA 98201425 258 9211

Marysville Family Branch6420 60th Drive NEMarysville, WA 98270360 653 9622

Mill Creek Family Branch13723 Puget Park DriveEverett, WA 98208425 337 0123

Monroe Family Branch14033 Fryelands Blvd.Monroe, WA 98272360 805 1879

Mukilteo Family Branch10601 47th Place WestMukilteo, WA 98275425 493 9622

Big Brothers Big Sisters1420 Hewitt AvenueEverett, WA 98201425 252 2227

Impact is published bi-annually by the YMCA of Snohomish County to provide planned giving information to friends of the Y. Colleen Temple, editor, 425 374 5738 or ctemple@ymca-snoco.org

If you wish to be removed from the mailing list, please call or email the editor.

For more information on YMCA programs and services, visit www.ymca-snoco.org

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A Message from The endowment Committee Chair Dear Heritage Club Friends: Looking back at our recent Heritage Club Dinner I was reminded why our YMCA of Snohomish County is such a special organization.

As we celebrated our recent endowment growth and success, we focused on the people that have meant so much to our Y through the years, and the community and special family we have built within the YMCA. The Heritage Club dinner brought together both older Y supporters and new younger members. It felt more like a family dinner than an event. We celebrated the lives of Frieda Wallace and Bob Wojcik, two exceptional individuals who have made the YMCA the special “family” it is through their service and generosity.

The 2012 Heritage Club annual report was presented highlighting the growth of the endowment fund and membership, as well as our goal to add eight new members in 2013. During the evening we celebrated new members of the Heritage Club, enjoyed beautiful holiday music by the Snohomish County Children’s Choir, and closed the night with a festive round of holiday carols. Our Heritage Club family is just one of hundreds of communities which to belong within the YMCA of Snohomish County. Kathy and I have been gathering quarterly for several years with three other Mukilteo Family YMCA families for dinner and fellowship. And when our girls were younger we enjoyed the company of Y Indian Guide and Princess Club families and our girls’ soccer team parents. Many of our Y friends around the country continue to be lifelong friends. Community? Sense of belonging? Someone who cares? Your YMCA has been strengthening community in Snohomish County since 1901. I hope that you have found a place to belong, and feel connected to this caring community at the YMCA. If not, ask a staff member at your local YMCA branch how to connect with others at your Y.

Lifelong friendships and caring relationships are just a few of the wonderful benefits you will experience.

Jeff DunleavyChair, Endowment Committee YMCA of Snohomish County

Jeff Dunleavy

PlAn gIve IMPACTReSOURCeS AT yOUR fIngeRTIPSThe YMCA Planned Giving website is a useful tool for Heritage Club members, Y members, donors, volunteers, and professional advisors.

The website features:

• A comprehensive library of articles covering ways and what to give, together with estate planning basics. The site contains fresh content every month.

• An array of interactive tools including Stelter’s research-based Plan-by-Life-Stage Library, Build Your Gift, Compare Gifts, Quiz Yourself, Gift Calculator complete with automated responses, and free eBrochures.

• A special section for professional advisors containing comprehensive technical articles.

Visit the site today at ymca-snoco.org/plannedgiving

You can donate your Required Minimum Distribution (RMD) from your IRA and not have to pay taxes on the distribution. If you are 70½, as part of the AMERICAN TAX RELIEF ACT OF 2012, direct distributions from an IRA to the Y, up to $100,000, may be made without it counting as taxable income for years 2013 and would qualify for your RMD.

As always, consult with your tax advisor for more details. What a great way to give back to your local community and reduce your tax liability at the same time!

enDOWMenT COMMITTee MeMBeRSJudy BakerBrenda Baltrusch Jeff DunleavyBrian Evans Dan LeachJason LucasDick LyonsNancy KniestMatt MartinLoren Van Loo

Charitable Remainder Trusts (CRT) are an excellent planning tool for maximizing income during your life. They can save you income tax, capital gains tax, and Federal and State estate tax. Finally, they will benefit charities, as part of your legacy. In summary, the trust functions much like an annuity with multiple tax benefits.

Once you transfer property to the CRT, the CRT pays you and your spouse a predetermined amount for life, either variable or a fixed percentage. When you and your spouse die, the charities get what remains in the trust. In addition, by using another planning technique, you can replenish value transferred to the trust to provide for inheritance to your heirs. The following example summarizes these points, using a situation where John and Mary Everett have a piece of land worth $500,000 for which they originally paid $100,000, and the land currently produces no income.

ADVANTAGES:

• The Everetts contribute the land to the trust and get an immediate charitable deduction on their income tax return at their highest marginal tax rate. This deduction amount is actuarially computed based on various factors.

• The land can be sold, and the gain of $400,000 is free of capital gains tax.

• The proceeds are invested in an income producing and diversified portfolio. If the Everetts selected a 5% annual payout, they would receive approximately $25,000 the first year, and 5% of the investment account value every year thereafter.

• None of the value of the land/CRT is ever estate taxable at either the Federal or State level.

• Upon the second death, the remaining value of the CRT goes to charity, establishing an Everett family legacy.

DISADVANTAGES:

• Once the CRT is established, you can only receive the predetermined income amount, not the principal.

• The CRT property can only pass to a charity, not to heirs. However, some of the income from the CRT can be used to purchase a life insurance policy for the benefit of your heirs as a wealth replacement option.

Please visit the planned giving website at ymca-snoco.org/plannedgiving

CHARITABle ReMAInDeRTRUSTSExecutive Summary, by Brian Evans, CPA

?DID yOU KnOW

NONPROFIT ORG.U.S. POSTAGE

PAID EVERETT, WA

PERMIT NO. 134

YMCA OF SNOHOMISH COUNTY2720 Rockefeller Ave.P. O. Box 419Everett, WA 98206-9923

fUn AnD fellOWSHIPHOlIDAy HeRITAge DInneRThe annual Heritage Holiday Event was enjoyed by nearly 80 members of the YMCA Heritage Club at the Everett Golf & Country Club on Dec. 6.

This annual event honors, recognizes, and thanks Heritage Club members — a special group of people who believe in the purpose and traditions of the YMCA and want to ensure this heritage of values is continued for future generations.

The evening was filled with inspiring personal testimonies demonstrating the significant impact the YMCA has on people’s lives.

To the right is the Annual Report as shared at the dinner. Please contact Scott Sadler at 425 374 5777 or email at ssadler@ymca-snoco.org with any questions regarding our endowment fund or planned giving program.

Our Planned Giving website is another place to find helpful tools and information.

YMCA Endowment Program Performance Profile

fund 2011 2012General Endowment Fund $1,202,400 $1,412,993Wallace Fund 136,818 147,725Quast Fund 148,904 161,027McCollum Charitable Trust 383,009 446,928Total Endowment Fund $1,871,131 $2,168,673

Heritage Club Members 130 135yMCA InveSTMenT COMMITTee MeMBeRS

Brenda Baltrusch, Dr. John Courrier, Randy Hansen, Nancy Kniest, Jeff Mitchell, Fred Safstrom

Endowment Distribution