By donating to Durham Library Foundation, you are giving a powerful gift to the people of Durham County. You are providing access for all residents to be successful in their quest to obtain information, ensuring that Durham’s future will be strong in its ability to grow and change with technological and societal advances, and protecting the civic right of access to information for generations to come.
For more information on any of the following options, please contact 919-560-0193.
Donate with your credit card through our secure, online processing system. The donor is entitled to an income tax deduction of the entire amount of the gift, providing deductions are itemized and do not exceed certain limits. Give online now.
The most direct way to support Durham Library Foundation is through a gift by either cash, check or charge. The donor is entitled to an income tax deduction of the entire amount of the gift, providing deductions are itemized and do not exceed certain limits. Checks should be made payable to Durham Library Foundation and can be sent to PO Box 25246, Durham, NC 27702.
Many companies offer matching gift programs. Donors may contact their employers’ human resources departments or the library’s Development Administrator for details.
Establishing a permanent endowment in your name or the name of a loved one is a wonderful way to provide ongoing funds to Durham County Library. With this type of fund, a percentage of the earned income is used to carry out the purpose of the endowment while the principal remains intact.
To establish a named endowment:
- A named fund may be created in the unrestricted endowment category with a gift of $50,000 or more.
- Please contact the Development Administrator at 919-762-6628 for information on restricted endowments or questions about endowments in general.
A charitable gift of appreciated stock can make sense for donors holding stock that has appreciated over the long term. A stock gift generally offers two-fold tax savings. First, the donor avoids paying capital gains tax on the increase in the value of the stock. Second, the donor can receive an income tax charitable donation deduction for the full fair market value of the stock at the time of the gift.
Transfer ownership of a paid-up life insurance policy to Durham Library Foundation. The Foundation cashes in the policy now, or maintains it and receives the death benefits later.
Gifts with Retained Income
An individual may want to make a meaningful gift to the Foundation, but not wish to relinquish the income from the gift property. Several types of gifts in trust can be considered. Please contact the Development Administrator for information about how to design an estate plan that provides the donor with income while also benefiting the Library.
A planned gift to a charitable organization like Durham Library Foundation allows you to create a legacy for your community while meeting your own financial and personal objectives. Depending on your circumstances, you may be able to:
- Reduce income, gift and estate taxes.
- Secure a source of cash flow for the rest of your life
- Reduce or eliminate capital gains taxes.
Your financial adviser can provide you with more details.
A charitable bequest is a gift one leaves in their will. On making a bequest, donors are often able to make greater contributions than they could otherwise have afforded during their lifetime while providing an ongoing legacy for the values and causes that are most important to them. There are two types of bequests:
- A specific bequest allows you to make a donation of a specific dollar amount.
- A residuary bequest is a gift of all or part of the property remaining in your estate after debts, expenses and specific bequests have been paid.
A charitable bequest is fully-deductible for federal estate tax purposes.
Gifts of Retirement Assets
Name Durham Library Foundation as the beneficiary of your IRA, 401(k) or other qualified plan. After your lifetime, the residue of your plan passes to Durham Library Foundation tax-free.
Other Planned Gift Options
The Foundation welcomes contributions of a variety of types of assets such as U.S. savings bonds and tangible personal property.
Employer Identification Number
Durham Library Foundation’s EIN is 56-2189129.