Legacy Society recognizes those donors who have included the
Broward Public Library Foundation in their bequests, gifts in
trust, and other planned gifts to enhance the collections,
programs and services of Broward County Library beyond the means
of public funding.
Literary Legacy Society gifts not only ensure that necessary
funding continues in the years ahead, but also provides members
with significant benefits, including decreased income taxes and
increased family wealth.
The Broward Public Library Foundation created an endowment in
1981 to build the resources necessary to provide long term
support for library programs and services in the Broward County
Library system and its 37 community branches.
Establishing a permanent endowment in your name or the name of a
loved one is a wonderful way to provide ongoing funds to Broward
County’s libraries. With this type fund, a percentage of the
earned income is used to carry out the purpose of the endowment
while the principal remains intact.
The interest income generated from the endowment helps the
Foundation underwrite the cost of Broward County Library staff
scholarships and training, as well as literacy and multicultural
programs throughout the Library system.
As a donor, you might want to consider leaving a gift designated
for your local library branch through the Broward Public Library
Foundation. Several years ago, the Broward Public Library
Foundation received a bequest of $685,000 from local
library-lover Ann Jacobs.
Planned giving is giving to non-profit organizations that is
coordinated with financial and estate planning to serve both
philanthropic and personal needs. Planned giving incorporates
many different kinds of financial and tax benefits. Planned
gifts include gifts through your will, charitable gift
annuities, gifts of life insurance, and charitable trusts.
Charitable Gift Annuities
The Broward Public Library Foundation offers Charitable Gift
Annuities. The program provides participants with the ability to
increase their income, realize an immediate tax benefit, and
help the Library Foundation provide funds for needed programs
and materials at the Broward County Library.
With a minimum investment of $5,000, you receive a lifetime
return on the investment that tends to be higher than the
interest currently being paid by financial institutions. In
addition, you not only receive a charitable deduction that helps
you reduce your income tax liability but a portion of the
quarterly payments you receive each year is tax-free. Charitable
Gift Annuities offer significant savings opportunities when
appreciated securities are used to purchase the annuity instead
Many of our supporters make charitable gifts by naming the
Broward Public Library Foundation as a beneficiary in their
wills. Your will can include gifts in the form of property
(cash, securities, etc.), a percentage of your estate, and/or
the residue or your estate (property remaining after other
bequests have been fulfilled). The legal designation for the
Broward Public Library Foundation in wills and trusts is
'Broward Public Library Foundation,
Inc. (BPLF), Fort Lauderdale, Florida'.
Life Income Gift
You irrevocably transfer some assets to the Broward Public
Library Foundation now, and in return, you (and a survivor, if
you desire) receive income for life.
Gift of Life Insurance
Some of our supporters no longer need their life insurance,
which was purchased years ago to provide for children or other
family members, and donate the policy to the Broward Public
Library Foundation. Life insurance provides several effective
ways to benefit the Library Foundation. Your gift will provide
the Library Foundation with a substantial deferred gift while
you pay relatively modest premium payments. In some instances,
leaving a cash gift to the Library Foundation and equal gift of
life insurance to family members who are named as beneficiaries
may enable one to leave more of an inheritance.
Charitable Lead Trust
Individuals can use a charitable lead trust to benefit the
Broward Public Library Foundation. Based upon the circumstances,
lead trusts can pass assets to family members at reduced estate
and gift tax costs.
Gifts of Retirement Plans
Your IRA assets will be transferred to a charitable remainder
trust; the trust will provide life income to the beneficiary,
and then an eventual gift to the Broward Public Library
Foundation. You may also name Broward Public Library Foundation
as a beneficiary of a portion or all of your IRA or other
retirement fund(s). If you wish to consider this type of gift,
please contact the administrator or person in charge of your
Gifts of Equities and Securities
Gifts of equities and securities can provide attractive tax
benefits. Property that you gift that has increased in value,
and that you have held long enough to qualify as long-term
property, may enable you to avoid capital gain taxes.
A variety of trust arrangements are available that can provide
income for your life or provide the Library Foundation with
income during your life. In some instances, you can place money
in a qualifying trust, which will provide income to you (and
your spouse) for life. The remaining principal is paid to the
Library Foundation upon your death or on a specified date. These
trusts, generally described as charitable remainder trusts,
assure you of income while providing an immediate charitable
deduction to you that can be taken to reduce your taxes.
Meet us personally
We welcome the opportunity to confidentially discuss your
personal needs. Please call Jennifer Smith, Director of
Development at 954-357-8086 or email to
schedule a personal appointment.
For more information call (954) 357-8086 or email email@example.com