Types of Gifts

 

How to Give

Your gift to the library’s 2nd Century Campaign is an enduring and far-reaching investment in our community––one that will generate immediate as well as long term benefits. In addition to outright gifts of cash, there are alternative ways of providing a generous pledge of the campaign. Because the library is a 501(c)(3) organization, contributions are tax deductible to the fullest extent of the law. The library encourages you to consult your tax advisor about the specific tax benefits applicable to you.

 

A Multi-Year Pledge

You may choose to make your campaign gift payable over a period of three to five years with the completion of a written pledge form.

 

A Gift of Securities

The library supporters may own stocks, bonds, or mutual funds that have appreciated beyond their original cost and may consider making their campaign gift with these appreciated securities. Often, such a gift represents a tax efficient way to support the Library.

 

A Gift of Real Estate, Jewelry, Art or Other Personal Property

Under certain circumstances, the library may accept gifts of real estate or other property. Examples could include real estate gifts of farms, personal residences and vacation homes, as well as commercial and rental properties. Gifts of tangible personal property may consist of furniture, equipment, books, gems, precious metals, art, stamps, coins, fixtures, automobiles, manuscripts or nearly any kind of property. Such gifts are often designated for an appropriate use within the organization.

 

Planned Gifts

In addition to current gifts that will support the campaign, it is anticipated that many donors will choose to support the 2nd Century Campaign through a planned estate gift. There are a number of options for creating a planned gift either currently or through your estate, including charitable gift annuities, charitable remainder trusts, outright bequests, gifts of retirement assets and gifts of life insurance. Donors may also designate the library as the successor/ beneficiary of a donor advised fund. Planned gifts may also be used to augment your current gift to the campaign.

Depending upon individual circumstances and whether the planned gift is funded currently or through an estate, planned gifts may provide generous federal income or estate tax deductions, eliminate or reduce capital gains taxes, and may provide lifetime annuity payments.