Ways of Giving (Archive Page–Historical Information Only
Before we invite you to explore the many ways you can make a financial commitment to the Campaign, we first seek the gifts of your interest and enthusiasm for the Library and its expansion plans. A member of the Campaign Steering Committee would be happy to share the plans, describe the model, and answer any questions you may have either in your home or at the Library. Then we hope you will consider making a gift which is personally meaningful and satisfying to you. If you wish to have our guidance, we would be pleased to help you develop such a gift. Of course, all gifts as paid are tax deductible to the full extent allowed by law. Designated Gift Opportunities Gifts of any amount may be designated toward a specific element of the project, or a gift may be designated for unrestricted campaign use. Naming opportunities exist for the building as well as features within the building and are listed separately. At your request or approval, appropriate recognition will be given either to you or to individuals you may wish to honor. An Outright Gift An outright gift of cash is the simplest and most common way of giving. Outright gifts also include appreciated securities, bonds or personal assets; real property assigned ownership or beneficiary status in paid life insurance with cash value — in any single form or in combination. Many of these gifts hold specific capital gains tax advantages and deductibility for you. A Pledged Gift Your pledge or commitment to give can be fulfilled over a period of three years (possibly longer, if you wish) on whatever schedule and in whatever type of payment best fits your planning. A Planned Gift In certain instances a form of charitable trust or a charitable gift annuity can be employed as a primary or seconday gift instrument. Used in conjunction with comprehensive planning, such instruments can effectively complement your overall personal financial and/or estate plan while providing significant benefit to the Library. A Gift of Residential Property If this type of gift is of interest, it can be extraordinarily helpful both to the Library and to you — especially in these times of appreciating real estate values. By retaining a life estate in the property, you may transfer ownership of your home to the Library, while retaining the right to live there as long as you wish. A Testamentary Gift A specific or residuary estate bequest made through your will is a wonderful complement to other forms of giving to the Library — or it may serve as the most feasible way of making a substantial gift not possible during your lifetime. A Blended Gift Such a gift combines the elements of two or more of the above options and can be extremely beneficial to you and the Library.