By considering charitable gifts to the Library Foundation SD, you can make a lasting impact. Often, these gifts can provide you or your family with valuable tax savings and other benefits. Below are examples of options.
Planned gifts help ensure your library continues to provide free access to excellent collections, technology, and programs.
Cash or Securities
When you donate a cash gift to the Library Foundation or give appreciated assets you have owned longer than one year, you could receive income tax and/or capital gains tax benefits.
Gifts Through Wills or Living Trusts
Through your will or living trust, you can give the Library Foundation money, property, or a share of your estate’s value.
If you are working with your estate planning attorney to include a gift to the Library Foundation in your will or living trust, thank you! The following is sample wording you may use in your document:
“I give, devise, and bequeath to the Library Foundation SD, tax ID #33 – 0959608, ____% of my estate to be used for its highest and best use. These funds should be used to enhance rather than replace City funds budgeted for library purposes.”
This language can be modified to describe a gift of cash or other assets or to benefit a particular library branch or program. We can help you with that language if you want to direct your gift in a specific way. Please note that gifts for Library Foundation SD’s “highest and best use” provide the greatest flexibility for us to apply your gift toward top priorities at the time it is received.
IRA Rollovers (also known as Qualified Charitable Distributions or QCDs)
If you are at least 70 ½ years old you may be able to avoid income taxes on transfers of up to $100,000 from your IRA to the Library Foundation. Plus, these charitable transfers can count toward satisfying your required minimum distribution. Simply contact your IRA plan administrator to make a Qualified Charitable Distribution from your IRA directly to the Library Foundation SD.
Please use the following information, and include your name and phone number with your gift.
Library Foundation SD
Federal tax ID number: 33 – 0959608
PO Box 120391
San Diego, CA 92112
Beneficiary Designations
To make a gift of your retirement plan or life insurance, please contact your provider, request a beneficiary designation form, and include the Library Foundation SD as the beneficiary of your plan or policy.
- Retirement Plan: Name the Library Foundation SD as primary beneficiary of a percentage or all of your retirement plan or IRA.
- Life Insurance: Designate the Library Foundation SD as beneficiary of all or a percentage of your policy.
We’re Here to Answer Your Questions
For more information, please contact Director of Major and Planned Gifts Kymberly Mueller at (619−238−6641 or by email) or Chief Philanthropy and Engagement Officer Natalie Ganz (619−238−6643 or by email).
This information is not tax or legal advice. Please consult a qualified professional advisor when considering any planned gift.
Planned giving webinars
