Planned giving allows donors to make a significant or long-term commitment to the Ridgefield Library while also considering their own financial planning goals. Planned gifts can benefit the Library’s Annual Appeal or be used to support a number of special giving opportunities. The list below illustrates just a few of the possibilities. Further information is available in private consultation with the Director of Development.
Gifts of Stock
The Ridgefield Library is pleased to accept gifts of appreciated stock, allowing the donor to make a substantial contribution while avoiding capital gains taxes. The donor may also receive an income tax charitable deduction for the full fair market value of the stock at the time of the gift. To ensure proper credit, please contact us for transmittal instructions.
Monthly Giving Plan
Pledging a monthly payment to the Annual Appeal or other giving program allows donors to increase their commitment while still managing their cash flow.
Click here to make monthly giving arrangements online.
Charitable IRA Distributions
Also known as the charitable IRA rollover, this provision encourages older Americans to give out of their Individual Retirement Accounts. IRA owners age 70-1/2 or older can exclude up to $100,000 a year from income if the IRA funds are paid directly to certain public charities, including the Ridgefield Library. Otherwise, the IRA owner would have to pay tax on the IRA funds before claiming the deduction. Contact the administrator of your IRA for details.
Life Insurance Gifts
Life insurance policies are another very easy way to make a meaningful gift. Name the Library as both the owner and the beneficiary of such a policy, and you are eligible for a charitable deduction approximately equal to the cash value at the time of the gift. There may be other benefits if annual premiums are still being paid; consult your life insurance agent for details.
Gifts of Real Estate
Donating real property such as a home, vacation property or timeshares, or undeveloped land can provide a tax advantage through the possible elimination of capital gains tax liability as well as through a charitable income tax deduction. Benefit calculations for gifts of real estate vary based on many factors; contact your tax advisor for more information.
Donate your car, boat, truck, RV, Jet Ski, or snowmobile to the Ridgefield Library and receive a tax deduction. This no-cost, no-hassle process begins when you contact our fundraising partner, Donation Line LLC, at 877-227-7487 extension 2919. Or you can Click here to donate online now.
Bequests and Legacy Gifts
The prestigious Morris Legacy Society recognizes those who have made a long-term commitment of support by including the Library in their estate plans. Click here to learn how to qualify for membership.