There are many ways to give to the Peninsula Friends of the Library. You have tremendous flexibility in determining how the funds will be used, as well as many options for making your gift.
Unrestricted gifts are among the most valuable gifts to the Friends of the Library because they allow the Library to allocate funds wherever the need is greatest.
Directed gifts allow you to designate your giving to a program, project or service that is personally meaningful to you.
You also have the option of designating your gift to the endowment, which over the long term provides security by expanding the library’s permanent financial base and creating a predictable source of future income. The basic plan underlying an endowed gift is simple; the principal of the fund is never spent. It is invested and the earnings are used to fund projects, programs, and services available at the library. Alternatively, a legacy may be the answer. This type of gift demonstrates your belief in the importance of the Palos Verdes Library District. Please see the Ruby Hale Field Legacy Society brochure for more information.
Types of Gifts
Outright gift. When you make an outright gift to the Friends, your contribution can be put to work immediately by creating a reliable source of income. An outright gift can be composed of almost any asset of value.
Cash gift. This is the simplest and easiest gift you can make. Cash gifts can be made through credit/debit card transactions, outright cash, personal checks, or cashier’s checks made payable to the Peninsula Friends of the Library.
Gift of appreciated securities, stocks and bonds. These assets provide considerable tax advantages when transferred to the Friends before they are sold. If you have held your securities for more than one year, you may find that your gift will provide a twofold tax benefit, creating an income-tax deduction as well as helping avoid capital gains tax.
Gift of real estate. Commercial property, personal residences, second homes, income property, and vacant land all offer a wide variety of tax and other benefits.
Gift of personal property. Tangible items such as rare books, works of art, and valuable collectibles of demonstratable value in some cases may enable you to make a significant gift to support the Friends with tax benefits to you. Gifts of intangible personal property, such as copyrights, patents, and mineral rights can generate income for the program or service of your choice on a continuing basis.
Planned gift. Careful estate planning yields special advantages for donors and their heirs while enabling them to support the important work of the library in a significant and lasting way. The Director of Development for the Friends can help donors meet their philanthropic and financial goals while they provide significant support to the library and its various programs, projects and services. There are many ways contributors can ensure the future of the library. Contact the Friends Director of Development for more information.
Matching gift program. An easy way to double or even triple your donation to the Friends is to find out if your company has a matching gift program. Such programs usually match all or a portion of employee contributions to charitable organizations. Simply obtain a matching gift form from your employer’s personnel office, fill it out, and provide it to the Friends with your contribution.