Ways of Giving

The Teton County Library represents something important to all of us, either for what it has given us, or for what we believe it can give to future generations. Any individual, business or foundation may make a gift to the Library Foundation. In all cases, we encourage you to consult with your financial advisor to determine the most appropriate option.

All contributions may be sent to:
Teton County Library Foundation
PO Box 1629
Jackson, WY 83001

Current Gifts

• Cash Gifts - Tax deductible if donor itemizes deductions.
  

To make a cash gift, simply download the contribution form, enclose your payment and send it to the address on the form. Or, we invite you to submit your gift while visiting us at the Library Foundation office located in the Library at 125 Virginian Lane, Jackson.

• Pledges - Payable over a three to five year period.
  
  
• Matching Gifts - Takes advantage of programs offered by many employers.
  
  
• Appreciated Property - Deduction given for full value of property within maximum allowed by law.
  
  
• Property That Has Lost Value

- Donor sells property, takes loss for tax purposes, then contributes the cash received from the sale.
- Deduction given from both the loss and the charitable gift.

• Real Estate

- Possible for donor to make gifts of real estate reserving right of occupancy as long as donor and spouse live.
- Partial interest in real estate. Percentage of sale pledged to Library upon sale of asset.
- Irrevocable gift qualifies for immediate tax deduction based on present value of remainder interest.
- Amount of contribution is fair market value on the date of transfer.

• Closely Held Stock

- Produces a current tax deduction equal to fair market value of the stock.

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Deferred Gifts and Planned Giving

• Donor Directed Funds
  - Provides tax benefits to the donor.
  - Allows donor to benefit two or more charities simultaneously.
  
  
• Charitable Gift Annuity
  - Provides a fixed income for the lifetime(s) of one or two annuitants.
  - Amount paid determined by the rates recommended by the American Council on Gift Annuities.
  - The older the annuitant, the higher the level of income.
  - Portion of gift and income are tax deductible.
  
  
• Life Income Trusts
  - Trust assets are funds or property contributed by donor (usually $100,000 or more).
  - Flexibility in type of property that can be donated.
  - Real estate and municipal bonds may be used.
  - Provides a fixed amount of income (Charitable Remainder Annuity Trust).
  - Provides a variable level of income (Charitable Remainder Unitrust).
  
  
• Charitable Lead Trust
  - Donor provides assets for use for a limited period of time.
  - Funds are invested to provide income to Teton County Library Foundation.
  - Assets returned to donor or to estate at end of designated period.
  - Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heirs.
  
  
• Wealth Replacement Trust
  - Protects inheritance interests of heirs.
  - Using resulting tax savings, donor purchases a life insurance policy with heirs as beneficiaries.
  
  
• Life Insurance
  - Make the Teton County Library Foundation sole owner and beneficiary of paid-up policy.
  - Receive income tax deduction for the cash surrender value of policy.
  - If policy not fully paid, continue to pay premium.
  - Receive tax deduction for annual premium amounts.
  
  
• Bequests
  - Outright bequests, as well as certain bequests in trust, are not subject to estate taxes.
  - Actual cost is less than face value of gift because of tax benefits to estate.
  - Bequest can take any of the following forms:
  - Bequest of a dollar amount of particular securities or other property.
  - Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries.
  - Contingent bequest to take effect if other beneficiaries die before the donor.
  - A bequest can often be arranged simply with the addition of a codicil amending an existing will.

Memorial Gifts

A memorial gift enriches the lives of those who use the Library and is a lasting and thoughtful way to honor a loved one. Gifts can be dedicated to the memory of, or in honor of a special person.