Selma YMCA in urgent fundraising drive - WSFA.com Montgomery Alabama news.

Selma YMCA in urgent fundraising drive

SELMA, AL (WSFA) -

An organization crucial to the development of young people is in desperate need of financial help.  The YMCA of Selma and Dallas County needs to raise a million dollars by the end of the year or it could be forced to close its doors.  The money is needed to pay off building costs.  The Selma Y has launched a fundraising effort to make it happen.

"It would be devastating to Selma and Dallas County if we lost this YMCA, devastating," said Bill Porter, CEO of the YMCA of Selma and Dallas County.

The Y has been in operation in Selma since 1858.  Construction on the new building finished started in the years before the economic downturn.  The YMCA raised millions to help with construction, but once the downturn hit, a lot of people had trouble fulfilling their pledges. 

"Because they had bank stock, investments, or they lost their jobs or whatever," Porter said.  "They wanted to, they were giving in good faith, but they just couldn't fulfill it."

YMCA officials borrowed the money to finish construction.  The banks have agreed the lower the debt to $1 million and set a December 31st deadline.  Officials are hoping people are now better able to fulfill their pledges and help save the oldest YMCA in the state.

If you would like to help, you can drop off donations at the YMCA, which is located on 1 YMCA Drive off Medical Center Parkway in Selma.  Online donations can also be made here. 

Copyright 2012  WSFA 12 News.  All rights reserved.

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