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County Library Foundation
The County Library Foundation is a non-profit public benefit corporation established to benefit the County of Los Angeles Public Library. The Foundation is organized and operated exclusively for educational and charitable purposes. Contributions are tax-deductible. Members of the Foundation are people or organizations who are committed to keeping the County of Los Angeles Public Library free and open to all persons.
How to Give
It makes sense to give to the County Library Foundation so that your name and your gift will live on after you. Your gift to the County Library Foundation, large or small, will meet the changing needs of our County of Los Angeles Public Libraries. There are a number of ways to give wisely through the Foundation.
By Will or Trust
Many people who have provided for family members in their wills or trusts have also left money through a bequest to the County Library Foundation. A number of individuals with no survivors have named the Foundation as the last beneficiary of their will or trust. These planned-giving gifts reduce, often substantially, the size of the estate for tax purposes.
Outright Gift and Year-End Giving
Perhaps you want to make charitable gifts during your lifetime. By doing so you can take maximum advantage of the charitable deduction on your income tax return. Lifetime gifts can also serve to reduce the size of your estate and allow you to see the money put to immediate use.
Life Insurance
You can make the County Library Foundation the beneficiary of life insurance policies. If you so irrevocably, your annual premiums are tax deductible. The cash surrender value of an existing policy is also tax deductible.
Gifts with Lifetime Interest
You can provide for yourself and your survivors by making a trust now and specifying that the income go either to yourself or others for a specified period or for life, with the principal going to the County Library Foundation when you or they die. In the case of a gift of low-yield, low basis securities, such a gift could increase your income for life.
Memorial Gifts
When a relative or friend dies and the family asks that you make a contribution to a charity of choice, it is sometimes hard to decide which charity should receive the gift. Consider a gift to the County Library Foundation, and the family of the person you are remembering will be informed of the gift.
Only you can make the decision who will benefit from your years of work. Talk to your attorney, a trust officer of your bank, life insurance underwriter, or staff of the County Library Foundation about making the Foundation one of your beneficiaries.
County Library Foundation
7400 E. Imperial Hwy
Downey, CA 90242
(562) 940-8403
