| Your Gift |
Your Goal |
How To Make the Gift |
Your Benefits |
| Outright gift |
Support the Library |
Donate online!
or
Mail us a check...
|
- Current income tax deduction
|
Outright gift
of personal property |
Share your enjoyment of a collection or other personal item |
Donate tangible personal property related to our exempt function |
- Charitable deduction based on the full fair market value
|
| Bequest |
Defer a gift until after your lifetime |
Name the library in your will (designate a specific amount, a percentage or share of the residue of your estate) |
- Donation is exempt from federal estate tax
|
| Outright gift of securities |
Avoid capital gains tax |
Contribute long-term appreciated stock or other securities |
- Immediate charitable deduction
- Possible estate tax savings
|
| Gift of Life Insurance |
Make a large gift with little cost to you |
Contribute a life insurance policy you no longer need and/or name the Library as beneficiary |
- Current income tax deduction
- Possible future deductions with gift to pay policy premiums
|
| Gift of Retirement Assets |
Avoid the twofold taxation on IRAs or other employee benefit plans |
Name The Mildred Stevens Williams Memorial Library as the beneficiary of the remainder of the assets after your lifetime |
- Enables your heirs to receive less costly assets through your estate
|
| Gift of Real Estate |
Avoid capital gains tax on the sale of a home or other real estate |
Donate the property to the library, or sell it to us at a bargain sale price |
- Immediate income tax deduction
- Reduction or elimination of capital gains tax
- Reduction of gross taxable estate
|
| Retained Life Estate |
Give your personal residence or farm now but retain the right to live in the property for your lifetime |
Designate ownership of your home to the library, but retain occupancy |
- Valuable charitable income tax deduction
- Lifetime use of residence
|
| Charitable Gift Annuity |
Supplement income with a guaranteed, fixed income for your lifetime and/or for that of another loved one |
Create a charitable gift annuity contract with the library that pays you a guaranteed income stream for life |
- Current and future savings on income taxes
- Fixed income for life
- Offset capital gain when funding annuity with appreciated stock
|
| Charitable Remainder Trust |
Receive lifetime income for yourself and/or your loved ones. Convert low-yielding stock dividends to higher income |
Establish a trust with cash, appreciated stock or other property |
- Sizeable income tax charitable deduction
- Avoidance of capital gains if you donate appreciated securities
- Professional management of the assets frees you from investment responsibility
|
| Charitable Lead Trust |
Reduce gift and estate tax on assets you pass to children or grand-
children |
Create a charitable trust that pays fixed or variable income to the library for a specific term of years; principal is retained for heirs |
- Your family keeps the property, often with reduced gift taxes
- Reduces your taxable estate
|
