gift to Bainbridge Public Library (BPL) from your estate is an enduring tribute
to your love of community and your belief that libraries matter.
are many ways to give to BPL. Here are some ideas to discuss with your lawyer,
accountant or financial advisor.
gift of cash, stock, or other securities: Provides a charitable tax deduction
in the year that you make the donation. You avoid paying capital gains taxes on
appreciated stocks and other securities. For complete instructions for the
transfer of appreciated stock or other securities, please contact the Bainbridge
Public Library Treasurer at or 206-866-1250.
Defers a gift until after your lifetime. The gift is exempt from estate taxes.
Examples are: Cash, retirement accounts, insurance policy, or other property.
of life insurance: Offers several ways to maximize your gift. This helps avoid
capital gains taxes and estate taxes. Additionally, it provides a charitable
- Open a savings account at your bank with Bainbridge Public Library named as the beneficiary. (A payable-on-death account.)
fund*: Establishes a self-directed fund for charitable giving. This fund allows
you to receive an immediate tax deduction and distribute money to BPL
immediately or over any time period. You can contribute cash, appreciated
securities or real estate without incurring capital gains taxes.
Remainder Trust*: Gives you income for life. The remaining balance goes to the
Bainbridge Public Library. You get a charitable deduction at the time you set
up the trust.
Lead Trust*: Gives Bainbridge Public Library income for a certain period of
time to be determined by you. Your heirs receive the remainder.
* Note: these documents may have specific administration
requirements and are often irrevocable.
of A Lasting Legacy Committee will be happy to discuss these topics with you
and may be reached at or 206-866-1250.
information and any conversations you may have with a member of A Lasting
Legacy are not intended as legal advice. Please consult your legal or financial
advisor to ensure that your wishes are fulfilled in your estate planning.
Public Library’s legal title and address:
Island, WA 98110
Public Library is a registered tax-exempt 501(c)(3) corporation.
official language for a bequest to Bainbridge Public Library is:
I give, devise, and bequeath _______________ to Bainbridge Public
Library, a Washington state non-profit corporation, located
in Bainbridge Island, Washington 98110.
Thank you for considering Bainbridge
Public Library in your estate planning. Such a legacy contribution expresses
your individual values, will inspire others, and will leave a real and lasting
impact for our Bainbridge Island community.