Your tax-deductible gift of cash or stock and/or including the Foundation in your estate planning are the best ways you can support the Foundation’s mission to preserve, enhance and renew our community.
The Foundation has an endowment that is invested in a reliable, conservative fund. We annually distribute up to 4% of the funds year end principle. When you give to the Foundation, it adds to the “kitty” that earns dividends and interest, thereby allowing the Foundation to pay for projects such as “Books for Babies.” A gift to the Foundation, instead of being a one-off donation, allows you to support our mission of supporting literacy projects in our community for generations to come.
You can also use your will or estate plan to benefit the library in the following ways:
Leave the foundation a set sum of money “off the top” before the remainder of your estate is left to children or family. Or, you can leave the foundation a percentage of your overall estate. A more advanced choice is available if you have a tax-qualified account, like an IRA or a 401K: consider naming the foundation as a beneficiary of your tax-qualified account. (Qualified charities do not pay income taxes, but your children or family members would have to.) With any of these choices, use the foundation’s legal name: Library Foundation of Newberg.
Gifting part of your estate to the library’s foundation is one way to leave a legacy for our community to remember you. But it may also reduce taxes that have to be paid as a result of your death, allowing more to be distributed to those you care about most. Talk to a local attorney for advice about how to revise your will, trust, or estate plan and consider leaving a legacy to the Library Foundation of Newberg.
Contact your attorney to include the Foundation in your estate planning. Not sure how to do this? We can help. http://libraryfoundationofnewberg.org or 503-538-7323
Why give to Library Foundation of Newberg?
We know you have many options for your charitable giving. Making the Foundation part of your estate planning is a gift you can trust to keep the Newberg Public Library a vibrant part of our community for years to come.
The Endowment provides a sustainable annual grant to the Library that funds special programs, new services and equipment, and other enhancements to Library service. This consistent source of additional funding provides the Library with the flexibility and resources to respond to what the community needs now and will need in the future.
There are many ways to make your gift to the Foundation Endowment Fund. If you would like to discuss a legacy gift or special donation, please contact the Foundation at info@libraryfoundationofnewberg.org to discuss options.
If you would like to give to the Foundation today, it’s never been easier! Click on the Give Now button below to make a secure online donation. You can also send a donation via check to Library Foundation of Newberg at 503 E Hancock St, Newberg, OR 97132.
Every donation to the Library Foundation of Newberg helps make the Newberg Public Library a lasting resource for families in every stage of life. Please show your support today.