A planned gift to the Downers Grove Public Library Foundation allows you to create a legacy for our community as you support our library, while meeting your own financial and personal objectives. Depending on your circumstances, you may be able to reduce income, gift, and estate taxes or reduce or eliminate capital gains taxes. We recommend that you consult your financial advisor, accountant, or tax attorney for information regarding how your gift to the Downers Grove Public Library Foundation can help you maximize your tax benefits in a way that is most suitable to your financial circumstances.
Here are some of the ways you can make your planned gift:
Wills and Living Trusts
Charitable bequests made through wills or revocable living trusts are a popular way to support an organization. Bequests are simple to arrange, offer flexibility, and can reduce estate taxes.
Life Income Plans
There are a number of ways to donate cash, securities, or other property and retain lifetime payments for yourself or loved ones. Benefits include a current income tax deduction, as well as other possible tax advantages.
Retirement Plan Assets
In many cases, donating some or all of the assets from your IRA, 401(k), or other qualified retirement plan is a smart option. Gifts can be made during your lifetime or upon death.
Other Gift Options
The library welcomes contributions of a variety of types of appreciated assets such as securities, life insurance, U.S. saving bonds, annuity contracts, and personal property such as real estate.
For more information on planned giving, contact the librarys Administration Office at (630) 960-1200 or email us.