Family donation to Mystic Y project could rise to $1 million with matching pledges

Family donation to Mystic Y project could rise to $1 million with matching pledges

Record-Journal


MYSTIC — A local family has donated $800,000 toward the $7.2 million expansion and modernization of the Mystic branch of the Ocean Community YMCA.

Sekhar and Archana Naik, of Mystic, have also promised an additional $200,000 if YMCA donors contribute $200,000 in matching funds by Aug. 15.

Including the Naik’s $800,000 contribution, the capital campaign has raised about $3.9 million, and the additional donation and match would raise the amount to $4.3 million. The remaining $2.9 million would be debt-financed, according to Maureen Fitzgerald, president and CEO of the organization.

The Naiks and their three children have lived in Mystic for 17 years and belonged to the YMCA for 15 years. Sekhar Naik owns two technology companies, Voice Glance and MResult, which are located in the Packer Building and have clients locally and worldwide.

The family had been searching for a way to give back to the community, Sekhar Naik said Friday.

“The Y impacts so many people in terms of health benefits for the community members and activities like summer camp for children, and they have subsidized programs for underprivileged people who can’t afford fees, so we thought this was an excellent option for giving back to the community,” he said. “Mystic is home for us and it’s a wonderful community so it’s important that our contribution will to go to work locally.”

Fitzgerald said that if the family’s contribution reaches $1 million as part of the matching pledge, it would be the largest single gift received by the Ocean Community YMCA in its 89-year history.

“It’s very exciting, it’s historical for the Ocean Community Y to have a large gift like that for the Mystic branch, and hopefully it will become a million dollar gift,” she said. “We thank the Naik family for their generosity and for bringing this project to fruition: It will reposition the YMCA to better serve the communities in the area.”

Fitzgerald said she hoped the community would meet the challenge of raising $200,000 by the August deadline, which would activate the Naiks’ dollar-for-dollar match.

“The match will continue to reduce the debt on that building, which will allow us to provide more programming and services for those people that need YMCA programs,” she said.

The project, to be built by Carlin Construction of New London, will add about 12,000 square feet of space to the building’s current 27,000. It will provide new family locker rooms, a youth and teen center, community room, yoga studio, spin room, and a tripling of the size of the wellness center, which houses cardiovascular and strength-training equipment and free weights.

An elevator will also be added, making the building more accessible to those with disabilities.

“We are currently handicapped-accessible — they just had to use two different parking lots, but this will provide much more ease and will be more functional,” Fitzgerald said.

The facility will remain open for the duration of the project, which is scheduled to begin in mid-August and estimated to take about 13 months to complete. The work will entail demolishing half of the current building, constructing the new space, and renovating the remaining space in the old building.

5-year pledges

Donors can pledge support at any level and pay via any desired schedule up a five-year period. Gifts of $5,000 and more will be listed on the Donor Recognition Wall in the Welcome Center lobby of the renovated branch. Opportunities to name a space are available to donors who pledge gifts of $50,000 and higher.

For information on how to donate, go to oceancommunityymca.org/support-they/mystic-capital-campaign.

chewitt@thewesterlysun.com


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