Leave a Legacy
Planned giving is a wonderful way to create a legacy beyond the life of a family member, cherished friend or even yourself. Leaving a legacy gift will allow you to dictate how you or your loved ones are remembered, and it creates an opportunity to make a long-lasting impact on our community, changing lives, and telling your story for years to come.
Planned giving also offers many financial and tax benefits. Allowing you to set the tone of how your financial estate is divided and how much, if any, is taken as taxes. Gifts can be made through bequests, charitable gift annuities, gifts of life insurance, charitable trusts, and through stock or bond transfers. Although all planned giving needs to be discussed with your financial advisor, we welcome the opportunity to confidentially review the following vehicles with you.
Bequests
Many of our wonderful supporters opt to extend their generosity by including the St. Charles City-County Library Foundation as a beneficiary in their wills. Your will holds the power to include gifts in the form of property (such as cash or securities), a percentage of your estate, and/or what remains after fulfilling other heartfelt bequests.
Trusts
Several trust options exist that can either generate income for your lifetime or support the Library Foundation during your life. For example, certain qualifying trusts can offer you and your spouse income for life, with the remaining principal directed to the Library Foundation upon your passing or on a specified date.
These trusts, often known as charitable remainder trusts, not only ensure you receive income but also provide an immediate charitable deduction, allowing you to reduce your taxes.
Endowment Fund
If you wish to memorialize a family member, close friend, or your own life, the creation of an endowment fund is a great way to do this. An endowment fund is a sum of money that is invested and managed by the Library Foundation. Each year, the accrued earnings made from this investment can be used in support of a designated purpose. As the creator of the fund, you would have the opportunity to set guidelines for the use of these dollars. The flexibility of this type of planned giving effectively guides the impact and memorial you wish to create.
A minimum of $20,000 is required to form an endowment fund. This minimum value does not need to be met by a singular donation. It may be attained through multiple donations over time from a multitude of donors. Allowing the opportunity for many individuals to contribute towards this legacy gift.
Donations made in support of the fund are tax-deductible and all donors will receive an acknowledgment letter from the Library Foundation.
Endowment funds are managed through the Library Foundation’s investment partner, Acropolis Investment Management.
Investment Policy
Gift Policy
For more information on legacy giving, please contact:
Jennifer Linden
Library Foundation Director
636-244-3947
jlinden@stchlibrary.org