Date:    11/18/97  1:15 PM

Subject: FW: File No. s7-26-97 / YMCA of Greater Seattle 

>Mr. Jonathon G. Katz
>U.S. Securities and Exchange Commission 
>
>H.R. 944 disclosure of charitable gifts requirement while not 
>inconsistent with general philanthropic intentions, is inconsistent in 
>who gets reported. Either all donations should be included in this 
>requirement - political contributions, educational institutions, etc. 
>or none. As a non-profit organization, our overall concern is to not 
>make it more difficult to support organizations that are helping to 
>make our communities better places for youth and families. Any Bill 
>which makes contributions more burdensome is not to the benefit of our 
>community.
>
>H.R. 945 is clearly cumbersome and costly to corporations. Our 
>experience at the YMCA is that most corporate contributors are very 
>responsible and thoughtlful in directing contributions to make a 
>difference in our community. Making contributions more timely and 
>costly will reduce the dollars directly put back into the community for 
>philanthropic causes and ultimately increase the burden on government. 
>
>
>               Mary Kaufman-Cranney 
>               Vice President 
>               YMCA of Greater Seattle 
>               (206)382-5330
>