A Grosse Pointe Yacht Club Foundation
Youth Nautical Education Foundation


How Can I Make a Difference?
It’s really simple. You may donate to the Foundation in one of four ways:

  1. Cash
  2. Stock
  3. Items – Donations of surplus nautical items
  4. Estate Planning – If you wish to leave a legacy for the Foundation, please consult your tax or estate planner.

While the Foundation does not provide tax or legal advice, we can assist you or your designee in the process of donating to the Foundation.

All inquiries should be directed to:

Foundation President
Youth Nautical Education Foundation
788 Lake Shore Road
Grosse Pointe Shores, MI 48236

All contributions to the Youth Nautical Education Foundation are tax deductible for Federal income tax purposes to the full extent provided by law and will be acknowledged with a receipt for tax purposes.

The Foundation is an IRC Sec. 501(c)(3) qualified organization.  Donations are tax deductible to the extent permitted under Sec. 170  of the Internal Revenue Code.

For more information contact:

Jim Morrow:  jjmorrow4@comcast.net
Sloane Barbour:  sloanebarbour@yahoo.com
Ilja Vreeken:  i.vreeken@transnav.com

A Perfect Time To Give
Tax Deductible contributions

By Mike Murray

Taxpayers will be affected in different ways by the changes in tax law made in December 2017.  But the Charitable Contributions deduction has been fully preserved to reduce personal income tax burdens and incentivize continued charitable giving. 

  1. Personal income taxes may be reduced by up to 37% of contributions you make to qualified charities like the GPYC Foundation.
  2. Estate/inheritance taxes may be reduced by as much as 40% of similar contributions.  This would mean additional tax reductions for tax payers whose estates will pay the U.S. Estate tax.
  3. Qualifiedretirement funds (IRA’s and employer-plan funds) can be subject to both incometaxes and estate taxes, so the tax burden can be greater than 50% on theseinvestments.
  4. Taxpayers overage 70 ½ must withdraw and pay income tax on their Required Minimum Distribution amounts, but they are allowed to send funds from the IRA directly to a qualified charity, reducing the taxable annual RMD.  Also saves Michigan tax of 4.25
  5. Tax can also beavoided by contributing appreciated stock, since a deduction for the “full fairmarket value” is allowed at the federal level. No long-term capital gain tax at all.
  6. Any part, orall, of the IRA funds can be paid directly to a Charitable Organization as abeneficiary upon death.
  7. Other devicescan be used, such as a Donor Advised Fund, or a Charitable Annuity orCharitable Lead/Remainder Trust.  Thesemethods can be used in different ways to accomplish goals of increasingretirement income and/or tax planning.

Your own tax counsel should be able to assist in thedetails of these planning tools, but now is the time to “set sail” on the bestcourse.