The Stratford Library Association is a registered 501(c)3 organization. Contributions are fully deductible under federal tax regulations.
Full Legal Name: Stratford Library Association
Tax ID# 06-0756208
What are the benefits for you?
- Planned Giving allows you to provide for Stratford Library Association by giving assets and retaining the income for you and/or for someone else.
- Planned Giving provides tax advantages, including income, gift, and estate tax charitable deductions, and, in some cases, avoidance of capital gain tax.
- Planned Giving enables you to manage your real estate, appreciated securities, and closely held stock resources.
How will your planned gift be used at the Stratford Library Association?
Bequests, both modest and sizeable, are an important source of funding to the Stratford Library Association. A bequest is accomplished through a written and executed will. Your gift will be used as you have designated to support the library’s mission of service. Establish an endowment fund with a specified plan for use; or place no restrictions on the gift, allowing the Stratford Library Trustees the flexibility to direct the use of funds in response to evolving needs of the Stratford Library Association.
What assets can you use to fund a planned gift?
Consult with your lawyer or financial advisor to determine a giving plan which best meets your goals.
- Gifts of cash are among the most popular ways of giving to non-profit organizations such as libraries.
- Gifts of appreciated securities or bonds may prove more advantageous than gifts of cash. They not only generate a charitable income tax deduction but also, may eliminate the capital gain tax.
- Gifts of real estate can be used as a gift with retained life use, or to fund a life income agreement. If used to fund a life income agreement, once you have deeded the property to the Stratford Library Association, trustees of the library will manage its sale, relieving you of that burden.
- Gifts of closely held stock or other business interests can be converted into cash, benefiting both you and the Stratford Library.
- Corporate matching gifts, if applicable, will enhance your planned gift to the Library.
To Make a Bequest to the Stratford Library Association
Provide for the Library by making a new will, modifying your present will, or by including the Library in your revocable trust. If you decide to bequeath money or property to the Stratford Library Association, contact your lawyer in order to make an unrestricted bequest, a restricted bequest, or an endowment.
Bequest provisions that benefit the Stratford Library Association can take several forms, including:
General Bequest: A bequest, such as cash, which may be satisfied from the general assets of the estate.
Specific Bequest: A bequest of a particular specified class or kind of property, such as designated securities, items of tangible personal property, or real estate.
Residuary Bequest: A portion, or all of the remaining estate after payment of debts, expenses, general bequests and specific bequests.
Contingent Bequest: You can direct that property bequeathed to a specific person be directed to the Stratford Library Association should that beneficiary not survive you.
Testamentary Trust: You can provide lifetime income to a beneficiary with those assets going to the Stratford Library Association after the beneficiary’s death.
The Trustees of the Stratford Library Association will be pleased to consult in confidence with you and your legal adviser about the phrasing of any specific bequest you may have in mind. We can help ensure that your bequest to the Stratford Library Association accomplishes your philanthropic intent and benefits you and your loved ones.
Thank you for considering a bequest to the Stratford Library Association. For further information please contact:
Sheri Szymanski, Executive Director
Stratford Library Association
2203 Main St., Stratford, CT 06615
203-385-4166
The Stratford Library Association is a registered 501(c)3 organization. Contributions are fully deductible under federal tax regulations.
Full Legal Name: Stratford Library Association
Tax ID# 06-0756208