Planned Giving

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 has begun offering 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.

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 of cash.

Requests

Many of our supporters make charitable gifts by naming the BPL 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).

Life Income Gift

You irrevocably transfer some assets to the BPL 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 BPL Foundation. Life insurance provides several effective ways to benefit the Library. Your gift will provide the Library with a substantial deferred gift while you pay relatively modest premium payments. In some instances, leaving a cash gift to the Library 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 BPL Foundation. Based upon the circumstances, lead trust can pass assests 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 BPL Foundation. You may also name BPL 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 IRA.

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.

Trusts

A variety of trust arrangements are available that can provide income for your life or provide the Library with income during your life. In some instances, you can place money in a qualifying trust, which will provide income to you (and you spouse) for life. The remaining principal is paid to the Library 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 to schedule a personal appointment.

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