What is Planned Giving?
Planned Giving offers donors the unique opportunities to leave more to their heirs, satisfy philanthropic goals, and retain or increase lifetime income from donated assets. It provides the ability for a donor to reduce or eliminate capital gains taxes and save taxes on the sale of a family business. In addition, Planned Giving can offer creative opportunities for donations – such as by utilizing real estate, tangible personal property and closely held stock. Planned Giving also enables the donor to leave a lasting legacy and ensure that their support of the Brewster Ladies’ Library will continue in perpetuity.
Who can make a Planned Gift?
Anyone can make a planned gift, regardless of age, occupation, or financial means.
Why make a Planned Gift?
When you and the Brewster Ladies’ Library work together to establish a planned gift, you leave a legacy and enable the library to advance its work in perpetuity. Though the Library receives support from the Town of Brewster, it has relied on residents’ personal gifts of money and time to enhance its stature as a privately managed free resource for the town.
Will I need a tax advisor to help me set up a Planned Gift?
The Brewster Ladies’ Library can provide detailed information, including draft language, for your attorney or other advisor regarding any planned gift you are considering. It is recommended, however, that you involve your personal tax or legal advisor during the process.
There are several types of Planned Gifts that you may choose. Depending on which type you choose, you may increase your current income and gain tax benefits. At the same time, you will have the satisfaction of knowing that you, like generations of Brewster citizens, have generously helped to perpetuate this proud symbol of the community.
To learn more please take a look at our Planned Giving brochure by clicking HERE. If you would like to discuss how you might best participate, please contact Bob Mauterstock at 508-246-7564 or email him at rmauterstock@brewsterladieslibrary.org.