Help Keep the Maclure Library Going!
Help Support The Library!
The Maclure Library is committed to the long-term health and well being of our community library. In order to ensure that the needs in our community will be met well into the future, the Board of Trustees has established a planned giving program, The Maclure Legacy Society.
Through the planned giving program, Maclure Library seeks to educate donors about making lasting gifts to help our library. Planned giving differs from the Annual Appeal Fund Raising Campaign in that donors are asked to give gifts of assets rather than income for long-term impact.
Whether through a gift of stock, bequest, life insurance policy, or a trust, donors can contribute to Maclure Library’s endowment through planned gifts, which will enable us to continue to meet the needs of our community.
Your planned gifts to Maclure Library can be made in a variety of ways and will not only benefit our community, but also may provide significant tax and income advantages. Donors are advised to consult with their attorneys or other professional advisors in considering a planned gift to Maclure Library. To leave a lasting legacy to the community by including Maclure Library in your will or estate plans, call Bob Harnish at 483-2972 for more information.
Gifts of Cash
Donors wishing to make cash gifts to Maclure Library’s endowment fund may make checks payable to “Maclure Library Association” and specify in the memo line or in an accompanying letter that the gift is for the endowment fund.
Gifts of Securities (Stocks)
In making gifts of appreciated stocks, bonds or mutual funds, donors may realize a charitable deduction for the full fair market value of the gift for tax purposes, while avoiding capital gains taxes.
Gifts of securities also may be completed by mail. Donors wishing to make gifts of securities should contact Bob Harnish at 483-2972 for instructions.
Once donors have made provisions for family in their wills, they may wish to leave a specific amount, a percentage of the estate, or the residuum of the estate to Maclure Library or other charity. Donors wishing to make a bequest to Maclure Library may wish to use the following language:
I give and bequeath to the Maclure Library Association, of Pittsford, VT, the sum of _________ dollars or ________ % of my estate.
Life Insurance/Retirement Plan Proceeds
Donors may choose to make Maclure Library the designated beneficiary of life insurance or retirement plan proceeds. Life insurance polices with built-up cash value can make convenient tax-deductible gifts. Additionally, naming a 501c the beneficiary of a retirement plan can result in significant tax savings.
Charitable Lead Trusts (CLT) and Charitable Remainder Trusts (CRT)
Charitable Lead Trusts and Charitable Remainder Trusts also are options for donors wishing to make provisions for charitable giving. These gift vehicles are more complicated and will require consultation with your attorney or estate planning professional.
Charitable Gift Annuities
Charitable Gift Annuities (CGA) are one of the most popular forms of planned giving and can offer tax advantages as well as life income for the donor or a named income beneficiary. A CGA is a contract between the donor and issuing charity, in which the donor makes an irrevocable gift to the charity, and in return the charity pays the donor a fixed income for life. Upon the death of the donor, the amount remaining (residuum) goes to the charity.
For more information, call Bob Harnish, at 482-2972. If you already have included Maclure Library in your will or estate plan, please let us know.