Planned Giving

What is a planned gift?

A planned gift is simply the process of making a charitable donation in a manner that can financially benefit both the donor and the institution receiving the gift. Please consult your personal financial advisor or an attorney to discuss what assets to donate, when to make the donation, and where the assets should be transferred.

Why should I make a planned gift?

Private philanthropy has become one of America's most valued traditions. Each year millions of people find creative ways to contribute to their favorite non-profit organizations. The reason for making a gift to the Burlingame Library Foundation may be different for each donor — to honor a loved one, to support a tradition of excellence or to express gratitude for a service well-received. Whatever the motivation, a planned gift can give you the assurance that you are being a good steward of your assets by increasing the benefits for yourself, the organization receiving the gift, and the community it serves.

What are some of my giving options?

Planned gifts include outright gifts, bequests, charitable remainder trusts, charitable lead trusts, and matching gift programs:

Planned Gifts

  • A planned gift in your will or revocable trust  
  • A gift or assignment of qualified retirement plan assets, such as an IRA, 401(k) or 403(b)
  • Charitable Remainder Trusts
  • Charitable Lead Trusts

Gifts of Appreciated Securities

Donations to the Burlingame Library Foundation can be directed in consultation with the City Librarian, or they can be put to use toward the general mission of our organization. Major donors, in consultation with the City Librarian, may wish to make an immediate outright gift along with provisions to endow it later through another planned gift such as a bequest or a Charitable Remainder Trust.

The manner in which you make an outright gift of assets can have a substantial impact on both your own tax liability and the amount the institution receives. For example, if you were considering gifting shares of stock worth $10,000 with a cost basis of $1,000 and sold the stock first, you could create a substantial capital gains tax liability. But transferring low cost-basis stock worth $10,000 directly to the Burlingame Library Foundation offers the possibility of avoiding a capital gains tax from the sale of the stock. You could then deduct the full value of the stock as a charitable contribution and increase the amount the Library realizes from the gift.

 

Matching Gift Programs

By checking with your employer, former employer, or a board you may serve on, you may discover that the company or organization will match any contribution you make to the Burlingame Library Foundation. Many companies offer a matching gift program, including some that will double, or triple your own gift. All gifts are tax deductible to the full extent allowed by law.

Donations are accepted by credit card, check or online. Donate Online Now.

To send a gift by mail, please print out and complete the MAIL IN DONATION FORM and mail it to:

Burlingame Library Foundation, 480 Primrose Rd. Burlingame, CA 94010

501(c)(3) private non-profit corporation registered in the State of California (Tax ID #94-3220365).