- I am unable to make a current gift, but I'd still like to support BPLF in the future. Any ideas?
An easy and low-cost way to make a gift to BPLF is to include BPLF in your will or revocable trust. Gifts by Will are a major source of endowment support at BPLF. Each individual legacy contributes to our financial strength and ability to meet the needs of our students. If you have not already done so, please consider putting BPLF in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate The BPLF the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.
- What asset should I use to make my gift?
While cash or a check is a simple way to make a gift, you might want to consider the following:
| Gift Type |
Possible Benefits |
| Cash |
- Current income-tax deduction
- Generate income
|
| Appreciated securities, such as stocks, bonds, or mutual funds |
- Elimination or reduction of capital-gain tax
- Current income-tax deduction
- Generate income
|
| Transfer of residential, commercial, or undeveloped real estate |
- Elimination or reduction of capital-gain tax
- Income- and estate-tax savings
- Generate income
- Relief from management
|
| Donate an interest in closely held or family business stock |
- Reduce the cost of passing the business to heirs
- Income- and estate-tax savings
- Generate income
|
| Give us tangible personal property like art, books, or collectibles |
- An income-tax charitable deduction
|
| Make BPLF the owner and beneficiary of life insurance or annuities |
- Income- and estate-tax savings
|
- Can I direct how BPLF will use my gift?
Most often the answer to this is “yes”!! Many donors direct that their gifts be used to fund programs or support specific departments. Please be sure to discuss this when you make your gift.
- How will BPLF recognize my gift?
Your gift will be listed in the our yearly Impact Report. If your gift is a bequest commitment, or through life insurance, life-income plans, or lead trusts, you will become a permanent member of BPLF’s 1848 Society. Of course, we will also honor any requests for gifts to be anonymous.
- Why should I consider a gift to BPLF?
People turn to libraries to fulfill their aspirations. They want to dive into history, find a better job, or learn more about a topic that intrigues them. No institution does as much as the Boston Public Library to make these kinds of opportunities available to every member of the public—free to all.
With your support of the Boston Public Library Fund, we will imagine an even better library—and a brighter future for Boston and beyond.
Please contact the Gift Planning Office for more information.
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