Through a donation to the Foundation’s Endowment Fund you can create a legacy in your name or in the memory of a loved one that will forever continue to support the Library and the community it serves. An endowment provides supplemental funding for the Library in perpetuity, guaranteeing annual income to enhance library services and providing protection for the long term. If earned income is sufficient, 5% of the fair market value of the endowment portfolio is disbursed to the Library, while the principal remains intact.

Planning a donation to the library’s Foundation is more than just a charitable gift, in many cases it can be structured in ways that may increase your tax benefits. As a tax-exempt organization incorporated under the laws of the United States, all contributions made to the library Foundation are tax deductible. Your planned charitable donation can help to secure a bright future for many future generations of library users as well as help you meet your own personal objectives.

An endowment named in honor of an individual or a family can be established for a minimum gift of $15,000. You can designate the endowment earnings to support a particular area of the library’s collections, services or programs upon approval by the Board of Directors.

A Variety of Options for Giving
The Newport Beach Public Library Foundation accepts your contributions in a variety of forms including cash, securities, real estate, personal property, life insurance, bequests, trusts or annuities. It is best to speak with your attorney or tax advisor first to find out the most beneficial means of contributing to your community through the Foundation. You may be able to realize substantial tax savings for yourself, your family and future heirs.

Wills and Living Trusts
One of the easiest ways you can contribute a planned gift to the library is by leaving a portion of your estate to the Foundation or by naming it in your will or trust. You can substantially reduce the amount of your estate tax by specifying a percentage of your estate, donating a block of stock or simply contributing a fixed sum of money.

Retirement Plan Contributions
You can contribute a portion of your assets from your 401(k) or other qualified retirement fund to support the library and those special programs close to your heart. You can plan to give a fixed sum during your lifetime or bequest it as part of your will.

For information on planned giving, the endowment fund or named endowments, contact Tracy Keys in the Foundation Office at  (949) 717-3890 or e-mail: tkeys@newportbeachca.gov