Become a Bibliophile
A planned gift to the Library Foundation of Los Angeles in your will or estate plan makes a meaningful difference to the Los Angeles Public Library and in the lives of the diverse people it serves to create a more literate and informed community. Your gift helps to provide resources for future generations of library users, and you may receive substantial financial benefits and tax savings. We welcome the opportunity to work with you to structure your gift in that way that is most meaningful to you. Click here for more information on becoming a Bibliophile.
Ways to Give
Those interested in leaving a legacy to the Library Foundation of Los Angeles may do so using any of several philanthropic options, including:
Bequest: A bequest is the simplest type of planned gift and one of the easiest to implement. A bequest is a gift to the Library Foundation of Los Angeles designated through your will or estate plan. Bequests may transfer a specific dollar amount or a percentage of an estate.
Charitable Gift Annuity: A charitable gift annuity is a simple agreement between you and the Library Foundation of Los Angeles in which an irrevocable donation of cash, stocks, or appreciated property is made; in return, you receive a lifetime guaranteed income and a charitable deduction for a portion of your gift. The amount remaining at the end of life will then be used to benefit a Library Foundation of Los Angeles program of your choice.
Charitable Remainder Trust: A charitable remainder trust is a gift that turns an appreciated asset of stock or property that may be producing little income into a productive asset frequently avoiding capital gains on the sale of the asset. Although you donate the asset as a charitable gift, you may continue to use and/or receive income from it during your lifetime. The Library Foundation of Los Angeles then receives the principal after a specified time period. You avoid a capital gains tax on the donated asset and the gift also reduces subsequent estate taxes because it removes the asset from your estate.
Real Property: Real property includes all gifts of real estate. Many donors contribute their residence, vacation home, commercial property, or undeveloped land. Real property may also include gifts of artwork. Real property can be donated either as a current gift or as part of the planned giving process.