Second Century Library Fund Foundation
The Second Century Foundation was organized by the Maryville Public Library Board and subsequently approved and chartered by the State of Missouri as a 501©(3) nonprofit corporation on July 29, 2005. The Foundation is independent from the Maryville Public Library and the City of Maryville. The primary goal of the Foundation is to build an endowment fund, the earnings from which will be a stable long-term source of financial support for the Maryville Public Library.
Your gift, no matter the size, combined with other generous gifts will help strengthen your library today and develop stronger programs for future generations. Support the Second Century Library Foundation with a generous contribution. All donations are tax deductible as allowed by law.
Levels of Giving
$50 - $99: Contributor
$100 or more: Copywriter
$250 or more: Editor
$500 or more: Publisher
$1,000 or more: Author
If you are interested in providing for the library through estate planning, contact Stephanie Patterson at email@example.com
Second Century Library Fund Foundation
Maryville Public Library
509 North Main Street
Maryville, MO 64468
How you can help…
Giving through Will or Trust
The most common way of making a gift is a charitable bequest in your will or living trust. These estate planning tools, when carefully prepared by your attorney, allow you to retain full use of your assets during your lifetime and still make a significant gift to the Foundation for the benefit of the Maryville Public Library.
Giving through Stocks and Securities
Charitable gifts of appreciated stocks and securities can provide even greater tax benefits than a cash gift of equal value. You can take a charitable deduction for the full fair market value of the property, avoiding capital gains taxes. The IRS has limits on these deductions that must be considered.
Giving through Real Estate
The advantages in giving property are very similar to those of giving stocks and securities. The fair market value can be a charitable deduction on income taxes and no capital gains taxes are paid by you or by the Foundation.
Giving through Charitable Remainder and Lead Trusts
A charitable remainder trust is a way to make a gift to the Foundation that allows you to retain income from your property for life or for any period of time that you specify. When the trust ends, at the death of the income recipient or the expiration of the time period, whatever remains in the trust is transferred to the Foundation. A tax deduction is allowed at the time of the creation of the trust. There are several types of charitable trusts. A professional adviser can assist in selecting one suitable for you.
Giving through Gift Annuities
Another common way of making a planned gift is with a charitable gift annuity. A charitable gift annuity is a simple contract between you and the recipient. In exchange for an irrevocable gift to the Foundation, the Foundation agrees to pay you or another annuitant a fixed dollar amount for life.
The gift can be funded with cash or appreciated property. You receive a tax deduction based on your age, the size of the annuity and other factors. If you use appreciated property, tax on capital gains is spread over the time of the annuity. Estate taxes may be avoided.
A deferred charitable gift annuity is similar, but the annuity payments are agreed to begin at a later date, more favorable to your financial situation.
Giving through Retirement Plans
Retirement plans may provide a way to make a very meaningful gift to the Library. If you have an individual retirement account (IRA), a tax sheltered annuity, a Keogh plan or a comprehensive retirement or profit sharing plan, you have an option for making a gift to the Foundation. When you or your other beneficiaries no longer need these funds, you can name the Foundation to receive all or part of the remainder. At that time, you may receive a tax deduction and other benefits for your generosity.
Giving through Life Insurance
A gift of life insurance can be a unique way to make a significant contribution to the Maryville Public Library through the Foundation. There are several ways to do this. You can name the Foundation as a primary, secondary, final or remainder beneficiary in a current policy. You can donate a paid up policy you no longer need or you can purchase a new policy naming the Foundation as a beneficiary. Such gifts entitle you to a charitable tax deduction.