A planned gift, often referred to as a legacy gift or estate gift, is a donation that is designated for a future date. This gift is made through a formal financial or estate plan.
Including the Logan County Libraries in your estate planning directly benefits our ability to provide materials, resources, and services in the future.
Types of planned gifts:
Charitable Trusts
IRA Gift
Life Insurance
Outright Gift: Make an Outright Gift of Cash, Appreciated Stock, or Real Estate
Retirement Plan Asset
Bequests: Name the Logan County Libraries as a Beneficiary in Your Will
A bequest, also known as a gift, made through a trust or will, can be made in several ways:
- You can give a specific dollar amount or asset.
- You can give a percentage of your estate.
- You can give residual bequests; after bequests to heirs and beneficiaries, all remaining assets are given to the Logan County Libraries.
Planned gifts allow you to make a gift to the Logan County Libraries without impacting your current financial situation. These types of gifts also provide a tax advantage.
This is not professional legal or tax advice. Consult your legal and tax advisors regarding your specific situation.