Planned Giving

Planned giving, or legacy giving, is leaving a gift to the foundation that will sustain the library beyond your lifetime. Legacy gifts are a wonderful way for someone who loves the library to make a high-impact contribution. Some gifts are straight forward, like leaving estate proceeds in a will or trust, or making a stock gift during your lifetime. Other decisions take a bit more planning and expertise, like a gift of life insurance, real estate or tangible personal property. For information on any of these gifting options, please contact Durham Library Foundation at 919-864-8047 or dlf@durhamlibraryfoundation.org.

Retirement Account

Under current tax law, if you are over 70 and a half and are required to take distributions from your retirement account, you can elect to send a gift directly from your retirement account to the Foundation and that gift will count towards your Required Minimum Distribution. There can be tax advantages to this approach. You should consult with your tax/financial advisor about this planning idea.

Wills or Other Testamentary Documents

Make us part of your family! This gift can be a specific bequest, or by designation that DLF is a residual beneficiary of the assets remaining in your estate after other bequests, debts, and expenses have been paid.

Appreciated Securities

You receive an income tax deduction for the fair market value of the securities on the date of transfer, no matter what you originally paid for them. And you pay no capital gains tax on the transfer when the security is sold.

Endowments

You may establish a permanent endowment in support of the Library with a contribution of $50,000+. With this type of visionary gift, a percentage of the earned income is used to carry out the purposes of the endowment, while the principal corpus remains intact. Gifts to existing endowments may be of any amount, and enable our investments to grow and provide additional support to Library programs and services.

Other Assets

Gifts of life insurance policies, US Savings Bonds, bank account assets, real property, and personal property may also be appropriate vehicles to make a charitable gift to DLF.

 

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