Remember the Wilton Library: Planned Giving
Through the foresight and inspiration of special community leaders and Library Trustees, the Wilton Library has grown to support our town’s ever widening cultural and intellectual interests. Predicting the future has often been an ambitious undertaking in the Library’s history, as it has never been easy to anticipate our community’s changing needs and aspirations or to determine how best to pay for them. But, in the past few decades, there have been several Library Trustees who had the courage of their convictions to dream big dreams for the Library and help the town to fulfill them. For example, there were people like Virginia Adams, President of the Library Association, who in the 1970s articulated the need for a new building and Edward Rimer, who, as Trustee, chaired the campaign to fund it.
As a tribute to the vision of these leaders as well as many others we could name, we are creating the Library Cornerstone Society to encourage gifts for the Library’s future–either in the form of a bequest in one’s Will, a life income trust, or other deferred gift. Membership is open to anyone who makes one of these forms of planned gifts. When you give in this way, you join the ranks of visionary leaders for our town and become an equal partner in the Library’s future as well as in the future of Wilton.
Many people in our Town have named the Library in their estate plans, but have not informed the Trustees that they have done so. If you have named the Library as a beneficiary, we hope that you will let us know so that we can express our gratitude.
What are the Benefits?
When you give to the Library, you have the satisfaction of knowing that you are enhancing the quality of life for everyone in Wilton for generations to come. What better legacy to leave your community than the gift of enlightenment–the kind that touches both the intellect and the spirit?
If a number of us simply name the Library as a beneficiary in our Wills, the Library will receive a steady stream to add to its endowment, providing income from the invested principal that would fund more wonderful programs and services in the newly expanded building.
And, of course, there are significant tax advantages to you and your family for each form of planned gift. Depending on the kind of gift you make, the investments you have made over the years for your family can be secured . . . while making a wonderful gift to the Library at the same time.
HOW CAN I MAKE A PLANNED GIFT?
A Gift by Bequest
A bequest is a gift conveyed by your Will that names the Library as a recipient of part of your estate. You can make the Library a primary beneficiary or a contingent beneficiary in case other family members predecease you. Several people have already put the Library in their Wills, some of which have been realized and have supported special Library initiatives as well as core services and programs. If you already have a Will and would like to add the Library as a beneficiary, we would be pleased to assist you in the phrasing of any proposed form of bequest to the Library. In addition to making a significant gift to the Library, another key benefit is that such a gift is fully deductible for Federal estate and Connecticut succession tax purposes.
Other Forms of Planned Gifts
While putting the Library in your Will now is an easy way to make a gift to the Library, some other forms of planned giving allow you to see the fruits of your giving while you are still living or may suit your particular family or tax situation. These forms include the following:
A Gift of Insurance
A Gift of Your Home or Vacation Home (Life Tenancy)
A Gift of a Charitable Remainder Trust
A Gift of a Charitable Gift Annuity
Becoming a Member of the Library Cornerstone Society
The Library Cornerstone Society has been founded to recognize those who have made plans for a future gift of $10,000 or more to the Wilton Library. All those who have made plans for such a gift — by way of their Wills or through gifts of life insurance, annuity, remainder trust, cash or securities — are eligible for membership.
Confidential Reply Card
Please print this Confidential Reply Card and mail to: Development Director, Wilton Library Association, Inc., 137 Old Ridgefield Road, Wilton, CT 06897-3000.