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Other Planned Giving Options

Make a Difference

In the March 2015 issue of Rotarian Magazine, Joe Queenan wrote:

“In the library you get to feel that you are part of something bigger than yourself. It’s life. And a big part of life is adventure. Yes, public libraries are a place to learn, but they are also a place to play. They are a place to experiment, a place to go hither when one is expected to go yon. Not all work conducted in the library is rewarded, not all efforts bear fruit, not every pathway leads where you might expect it to go. So what? The journey is what matters, not the destination.”

Making a planned gift to the Mead Public Library Foundation provides members of the community those adventures, those journeys in a free public institution.  Your gift helps to ensure that Mead Public Library continues to grow and change with technological and societal advances and protects the community’s right to access information for generations to come.

The Mead Public Library Foundation accepts and appreciates gifts of any size as well as bequests or trusts for its Endowment Fund. Gifts may be earmarked for special projects or materials.

Here are some options for your consideration:

  • Cash - The most direct way to support the Foundation is through a cash gift.  Give online via our Donate webpage.
     
  • Marketable Securities - A charitable gift of individual stocks bonds, mutual funds or ETF’s, etc. that the Foundation may utilize for current income needs. The use of low cost basis securities will reduce and or remove long term gain taxable consequences.
     
  • Charitable Estate Planning - The Foundation would be named as one of the beneficiaries of a portion of your assets. Other charitable trust options may be done during your lifetime or after death.
     
  • Life Insurance - Transfer of ownership of a paid-up life insurance policy to the Foundation. The Foundation can cash in the policy now, or maintain it and receive the death benefits later. Another option is that you may transfer the ownership of an existing life insurance policy to the Foundation and continue the premium payments. You would then be eligible for an annual charitable deduction for those premiums.
     
  • IRA Beneficiary Designation - Use the Foundation as the beneficiary or one of the beneficiaries of your IRA to avoid those unwanted and potentially exorbitant Federal and State Income tax consequences.
     
  • IRA Required Minimum Distribution (RMD) Direct Donations - Donate your annual Required Minimum Distribution (RMD) from your IRA directly to the Foundation to avoid those unwanted and potentially exorbitant Federal and State Income tax consequences.
     

Before making a contribution to the Mead Public Library Foundation we recommend that you consult with your attorney or accountant. The Foundation is a 509(a)(3) organization established to invest in, receive, hold, use and dispose of all property, real or personal, as may be necessary or desirable to carry out the interest of the Mead Public Library. All contributions to it are deductible to the extent allowable by law (501(c)(3)).

For more information, contact Library Director Garrett Erickson at (920) 459-3400, ext. 3414, or send us your question(s) through the Contact Us form.