From families to Fortune 500 companies, every donation made to YFC demonstrates a commitment to caring for our community, just as YFC has done since 1962. With your philanthropic support of YFC, you will join a family of fellow donors who care about ensuring access to quality mental health care in Lake County.
Matching Gifts
Many employers sponsor matching gift programs and will match charitable contributions made by their employees. Please ask if your employer offers a matching gift program or suggest they consider starting one. The impact of your gift may be doubled or possibly tripled. Some companies even match gifts made by retirees and/or spouses.
Tribute Gifts
Tribute gifts are often made in memory or honor of loved ones or in appreciation for exceptional care.
- An honor gift recognizes a person on a special occasion, such as a birthday, wedding, or anniversary.
- A memorial gift offers a meaningful way to pay lasting tribute to the memory of a loved one while also extending sympathy to the family.
If you would like to make a donation in memory or honor of an individual, you can do so by mail or online. When making your donation, please include the following information:
- Individual to be recognized
- Contact name and address so we may notify family or honoree of your generous donation
There is no minimum required for a gift, and the amount of your tribute gift remains confidential.
Planned Giving
Through a planned or legacy gift, your passion to improve our community will be long-lasting. You can support YFC while also creating your personal legacy and achieving family financial goals.
The following simple and deeply meaningful gift strategies will impact the mental healthcare available to our Lake County community far beyond your lifetime.
Bequest
Leave a bequest to YFC through your will. Making a gift through your will can reduce the taxes that would be levied against your estate in the same way that contributions during your lifetime can entitle you to charitable income tax deductions.
The following language is recommended when preparing your will:
“I give to Youth & Family Counseling, an Illinois charitable organization, the sum of $____ (or in the case of securities, real estate, or personal property such as art or jewelry, please describe) to be used for its general charitable purposes.”
OR
“I give to Youth & Family Counseling, an Illinois charitable organization, ___% of my estate, to be used for its general charitable purposes.”
Life Insurance Beneficiary Designation
Name Youth & Family Counseling as the recipient of all or part of the proceeds of a life insurance policy that is no longer needed for family protection.
Retirement Account Beneficiary Designation
A Tax-Saving Way to Help YFC
Make a difference today and save on taxes. It is possible when you support YFC through your IRA.
A Special Opportunity for Those 70½ Years Old and Older
You can give any amount (up to a maximum of $100,000) per year from your IRA directly to a qualified charity such as YFC without having to pay income taxes on the money. Gifts of any value $100,000 or less are eligible for this benefit and you can feel good knowing that you are making a difference at YFC. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gift?
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- Your gift will be put to use today, allowing you to see the difference your contribution is making.
- Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
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Always check with your tax and financial advisers before implementing any planned gift.
Gifts of Stock or Securities
Gifts of securities are simple to donate and may provide favorable tax benefits.
Gifts of securities are credited on the date of transfer to Youth & Family Counseling and are valued at the mean of the high and low quoted sales price on that day.
Stock may be donated by electronic transfer as follows:
Utilizing the Depository Trust Company (DTC), transfer shares between your broker and YFC’s investment custodian at Wintrust. Please call our office at 847-748-0459 to notify us of your plans to make a gift of stock. Stock transferred in this fashion is valued on the date of the transfer.
Donors should instruct their brokers that the following information is needed to process their gift:
Account # 10598052
BMO INVEST SVCS WEALTH DIRECT
DTC: 0075
YFC EIN (or Tax ID): 36-6148486
From whom the stock gift is credit of: _________ (Name of Donor)
Purpose of Gift: ___________________ (indicate if unrestricted)
No purpose indicated is assumed to be unrestricted.
To Learn More
Please contact us at 847-748-0459 or email mbates@counselingforall.org to learn more about how you can plan to support the enduring mission and work of Youth & Family Counseling and safeguard the future of mental health in our community.
All contributions to Youth & Family Counseling are tax deductible to the extent provided by law. An acknowledgment letter will be provided for tax purposes.