Gentry County Library
The Gentry County
Library is an essential community service. Reading is still the most
basic survival skill in today's information-driven society.
Your tax deductible donation enables the Library to purchase additional materials, to upgrade and replace equipment; and to expand our programming for both children and adults, as well as maintaining our beautiful building.
of Cash: If you itemize on your tax return, cash gifts can be deducted, up to
50% of adjusted gross income. You can use the donation page to send your check
to the library.
Stock: Appreciated stock (held more than one year) makes an excellent campaign
gift. You avoid all capital gain taxes (generally 20% of the appreciation) and
will receive a charitable tax deduction for the stock's market value at the time
Through Will or Trust: One of the most simple and popular ways to make a gift
that will live after you is to give through your will or trust. You can make a
bequest to sustain the Gentry County Library by providing a dollar amount,
specific property, a percentage of your estate, or what is left (remainder) to
the Gentry County Library. Such a designation can reduce your estate taxes (for
estates over $1million). In many cases a simple codicil to the will can add the
Gentry County Library and does not require rewriting your most recent will.
Remainder Trusts (Annuity and Unitrusts): Donors and spouses can benefit from
life-long payments from such a trust. The donor selects the rate of return from
these income arrangements and also chooses a fixed or fluctuating annual payment
to be made to the designated parties as long as they live. Estate and capital
gain taxes may be completely bypassed and you will receive a current income tax
deduction based on the age of the income recipient and the rate of return
Savings Accounts, Brokerage Accounts, Checking Accounts with P.O.D. Provisions:
P.O.D. stands for Payable on Death. You retain full ownership and full control
during your life. At your death, the account balance is paid to your named
beneficiary, the Gentry County Library, immediately and without probate.
of Life Insurance: Insurance is another simple way to make a substantial future
gift at a level that would not be possible at the same level in cash. Name the
Gentry County Library as the owner and beneficiary to receive the proceeds of an
existing life insurance policy. You will receive a tax deduction for
approximately the cash surrender value, thereby reducing your tax liability in
the year of the gift.
of Real Estate: For some individuals a gift of land, a house, or vacation home
is a preferred way to make a gift. You will receive a tax deduction for the full
market value, avoid all capital gain taxes and remove this asset from future
you for your support!