Please join us in reimaging what the library can be, refreshing programs and services for the community, and repurposing our space to better meet the needs of library users today and tomorrow.

Pledges

Gifts to the ReImagine, ReFresh, RePurpose campaign can be made as pledges payable over three years. This allows you to make a more substantial gift and adjust the timing and amount of each payment to suit your needs and financial situation.

Matching Gifts

Many companies will match their employees’ (and sometimes retired employees’) charitable contributions. You can increase, even double, your campaign gift through a matching gift program.

Naming Opportunities

Many library donors choose to make their gifts in honor or memory of a family member or friend. The ReImagine, ReFresh, RePurpose campaign provides a number of ways to create a permanent legacy for yourself or your loved ones by naming a space within the renovated facility.

Gifts of Stock

When you choose to make your gift to the campaign by contributing appreciated securities, you can gain valuable tax advantages. If you own appreciated securities for at least a year and a day, your contribution can offer many benefits. As with all important financial decisions, your gift of stock should be discussed first with your personal financial advisor.

Retirement Funds

Donors can give wisely by using their retirement funds to make a gift to the campaign. Donors over age 70 ½ have the wonderful opportunity to make transfers directly from their individual retirement account (IRA). This is called a Qualified Charitable Distribution (QCD). For most library donors, this allows them to avoid paying any taxes on this money. If a current gift from your IRA isn’t right for you, the library can also be named as a beneficiary of an IRA. These tax beneficial ways of giving should be explored first with your personal financial advisor before any decisions are made.

A Gift in Your Will

Making a gift through your will or estate is a wonderful way to support the Public Library for Union County. A gift through your will may enable you to make a more significant gift without impacting your current financial situation while helping to ensure the library’s ability to serve our community in the future. Please consult your personal legal and financial advisors concerning the specific consequences of making gifts through your will or estate plan to the library.

The CARES Act

The Coronavirus Aid, Relief, and Economic Security Act passed in March 2020 is designed to help individuals, businesses and nonprofits facing economic hardship during the coronavirus pandemic. The new law allows all taxpayers to take a charitable deduction of up to $300, even if they do not itemize. For those who do itemize their deductions, the new law allows for cash contributions to public charities, like the library, to be deducted up to 100% of their adjusted gross income for the 2020 calendar year.

Library supporters should consult with their personal financial and legal advisors to fully understand the tax and financial implications of their charitable giving.

 

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