Planned Giving
Saving on Taxes – Making a Lasting Impact
IRA Donations
If you are over 70 1/2 years of age, you can make donations directly from your Individual Retirement Account (IRA). Within certain Internal Revenue Service limits, the IRA transfer will count toward your required minimum distribution, and no income tax will be due on your gift.
Contact your IRA administrator and ask to make a “qualified charitable distribution.” Provide the Friends of the Lincoln Public Library’s tax ID number (68-0089581) and address: P O Box 1177, Lincoln CA 95648.
Appreciated Securities
Making a donation of securities or mutual funds that have increased in value and held for more than one year, offers you the chance to support our work while realizing tax benefits for yourself. You could reduce or even eliminate federal capital gains taxes on the transfer and may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
FOLL accepts donated securities through its account with Edward Jones located at 805 Twelve Bridges Drive, Lincoln CA 95648 (phone 916-409-9067).
Bequests
Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified. Consult with your legal or financial advisor for more information on legacy giving.
If you have named FOLL in your will or trust, please let us know so we can ensure that your gift is used according to your wishes. If you prefer to remain anonymous, we will keep your name and gift in strict confidence.
The information presented is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Contact Us
If you would have questions or would like to discuss your planned gift with us, please submit the below information and a FOLL Board member will contact you.
