Planned Giving for Bixby’s Future
Beyond yearly giving toward the expenses of our library’s operations, there are other charitable gifting strategies that the Bixby’s supporters may wish to consider. The Trustees respectfully suggest that the following information may interest those who want to support the library’s future while addressing their personal tax-saving or estate-planning needs.
- Remember the Bixby in your Will. Whatever its size, a gift left to the library in this way is a celebration and a continuation of the connections the donor has had with the Bixby.
- Give a Gift of Stocks or Bonds. The Bixby welcomes these gifts, which can benefit the giver. The donor of stocks, bonds, or mutual funds will receive charitable credit for the total value of the gift, eliminating the capital gain on the difference between the purchase cost and the redemption amount. For those who have physical certificates they wish to donate, we can arrange an appointment at the library, or the donor can direct their financial advisor to transfer the shares to the Bixby Memorial Free Library account at DTC# 0141 FBO Bixby Memorial Free Library Account # 14268024. As always, a gift of any size is greatly appreciated.
- Give through a Charitable Trust. Donating to the Bixby through a charitable trust can provide considerable benefit to both the library and the donor. A charitable trust can provide either an income stream or a remainder interest to the Bixby while retaining the other interest and tax advantages for the donor or their beneficiaries. There are two basic categories of charitable trusts, both available in several types. Anyone interested in establishing a charitable trust should contact their financial or legal advisor.
The Bixby Memorial Free Library is governed by a Board of Trustees representing the towns of Addison, Ferrisburgh, Panton, and Waltham and the City of Vergennes. We greatly appreciate your current support and your consideration of further giving. Please get in touch with the Library Director, Catharine Hays, with any questions at (802) 877-2211.