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Ways to Give
To ensure that the Glendora’s library of the future can continue to meet the community’s needs, the GPL Friends Foundation partners with the City of Glendora. The Friends Foundation provides volunteer and financial support to enhance valuable library resources and programs beyond the capabilities of local tax revenues. The Annual Appeal accepts donations all year. A letter acknowledging your tax deductible contribution to the GPL Friends Foundation will be mailed to you.
Other Donation Options
- Employee Matching Gift Program. Please contact your employers Human Resources Department for the proper form needed.
- Appreciated Stock. You can give appreciated stock to charity. If you’ve held it for more than one year you may take a charitable tax deduction for the market value of the stock, and neither you nor the charity has to pay capital-gains taxes when the stock is sold. The combination can result in a bigger for you and a bigger gift for the charity than if you sell the stock, pay the taxes, and donate the net proceeds.In general, the amount of your deduction is limited to 30% of your adjusted gross income, but you can carry forward amounts above that for up to five years. As always, you should consult with your tax advisor for your particular situation.
- Memorial Gifts. You can make a donation in honor of someone for their birthday, anniversary or any special occasion.
- Tribute Gifts. You can make a donation in loving memory of someone (who has passed).
- Planned Giving. There are many techniques available to include the Library Foundation in your estate plan. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in transfer taxes.
Here are some of the more common ways:
- Make an outright bequest in your will – this is generally one of the easiest & most common to set up by merely adding a paragraph to your will or trust.
- Make a charity the beneficiary of an IRA or retirement plan – Your estate gets the charitable deduction and the charity receives the proceeds income tax free.
- Charitable Trusts – There are many types of charitable trusts, the most common of which include the charitable lead trust and the charitable remainder trust.
These techniques are more complex and you should consult with your advisors (Attorney, CPA, Financial Advisor) if considering these techniques.
If you have questions, please call Debra Garcia at 626-852-4897.