Imagine a better tomorrow

More than $3 million is needed now to help preserve the Y’s ability to meet future obligations and serve the community while the economy and consumer confidence recover.

Over the past 135 years, the YMCA of Central Florida has endured and persevered through many challenging times that have beset our community from devastating winter freezes, the Great Depression, and World War II. Today, we’re facing another challenge together: the coronavirus (COVID-19) pandemic.

Due to both precautionary and mandated measures stemming from the pandemic, YMCA facilities and programs were shut down for 10 weeks. The financial toll on the Y from the pandemic has been swift and severe. It’s challenged and threatened the Y’s very ability to sustain vital programs, locations, and services that our neighbors and staff rely upon. These factors point to a solemn forecast, without intervention and community support, our Association will be forced to drastically consolidate.

On behalf of all who rely on the Y’s life-changing services and our dedicated Y staff, we’re asking for your generous support during this critical time of need. Your gift will help sustain the YMCA of Central Florida so we can continue to provide the vital services that help provide our neighbors a safe place to belong and stay healthy in spirit, mind, and body.

The Cares Act

The YMCA of Central Florida is grateful for your generous support now and over the years. As we adapt to our new reality, we would like to bring to your attention new tax rules for charitable giving included in the recently enacted Coronavirus Aid, Relief, and Economic Security Act, or CARES Act.

The CARES Act allows taxpayers to take a deduction for charitable contributions up to $300 (or $600 for a married couple). The CARES Act also allows taxpayers to claim a tax deduction of up to 100% of their Adjusted Gross Income for contributions to qualifying charities. The qualifying charities are 501 (c)(3) charities and don’t include private foundations. For corporations, The CARES Act increased deduction for contributions from 10% to 25%.

Individuals

  • Take a deduction for charitable contributions up to $300.
  • Itemize 100% of AGI for charitable contributions.

Corporations

The CARES Act increased deduction for corporate contributions from 10% to 25%.

Universal Charitable Deduction has been extended through 2021. Please note, this is not meant to be tax or legal advice. Consult your accountant or tax advisor for more information about these changes and how these opportunities may complement your personal, philanthropic, and tax planning objectives.