Thus they provide a lifetime income to the grantor and permit an immediate income tax deduction. A charitable remainder annuity trust provides an annual income of a specified amount, while a charitable remainder unitrust provides a variable rate of return. Gifts by bequest are exempt from federal estate taxes. Donors provide for the Foundation through their wills. The amount of the tax deduction depends upon thee fair market value of the property at the date of the gift, with some limitations.
Memorial gifts perpetuate a family name.
An endowment fund established with memorial contributions, and if the donor wishes, augmented by future gifts creates a lasting remembrance while significantly aiding Library programs. Honorary donations provide an opportunity to honor a special person or occasion while helping the Library Foundation's projects. Matching gifts double or even triple your gift. See your personnel officer for pertinent information. You may designate how your gift is to be used.