Do you have plans for your 401(k) or IRA required minimum distribution this year? Consider donating to the library.
After years of delaying income tax on your 401(k) and IRA contributions, Uncle Sam comes to collect in retirement. Distributions from 401(k)s and IRAs become required after age 70-1/2, and you must pay income tax on each withdrawal. If you don't have a plan to help preserve as much spending power as possible, consider making a donation to the library.
The Foundation’s mission is to support and enrich the facilities, resources and services of the Altadena Library District through fundraising and advocacy. The Foundation is a 501(c)(3) charitable and educational organization. Contributions to the Foundation are tax-deductible to the extent provided by law. This is not professional legal or tax advice. Consult your legal and tax advisors regarding your specific situation. To make a donation from your 401(k) or IRA or simply make a donation click HERE or Contact: firstname.lastname@example.org, Phone (626) 470-7323 (that is 470-READ)
Or consider a donation to the Friends of the Altadena Library. Established in 1959, the Friends of the Altadena Library is an organization committed to the support of the Altadena Library District and its programs and services. The purpose of the Friends is to stimulate public interest in the library, assist with funding to purchase library materials, and to support cultural and educational programs at the Altadena Library. As a Friend, your support will help to raise funds for books and materials, support Children's and Young Adult programs, and offer educational and informative programs. Recent donations include new furniture, computer equipment, and books for both the Main and Branch Libraries. (Currently the Friends are not a 501(c)(3) so donations are not tax deductible.)
Gifts and Donations/Altadena Library Foundation
A gift to the library is a thoughtful way to remember a special person or occasion, or to help build the Library’s collection of materials for public use. A bookplate may be added to each new book to recognize the individual or group for whom your donation is given. An acknowledgement of the gift, which is tax-deductible, will be sent to the honoree or his/her family in accordance with the letter of instructions accompanying the donation.
Donor Advised Gifts (Restricted Gifts)
Donor Advised Gifts are ones given for a specific purpose as defined by the donor. Examples include contributions for the purchase of large-print books, children’s books or special events, computer furniture and equipment, etc.
One of the best ways to make a difference to your Library is to establish an endowed account in your name or a loved one’s name. Endowment accounts are those in which the original gift- or principle- remains perpetually on deposit, earning interest that may fund the purchase of materials, furniture or equipment to benefit library users. The beauty of an endowment gift is that it helps secure the future of the Library by providing support indefinitely. All endowment gifts are administered by the Board of Library Trustees and are named to honor the donor.
Planned giving usually includes bequests, charitable trusts and donor restricted gifts. With each there is almost always a fair amount of planning based on conditions relevant to each individual donor. For example, assets being considered for the gift may include stocks, real estate, insurance, etc. Planned giving normally requires the donor’s consultation with tax and estate planning advisers. Please know that the Library is grateful for any and all support and that we welcome the opportunity to work with you as you consider a planned gift opportunity.
The Altadena Library Foundation was incorporated on October 7, 2009. It is a 501(c)(3) non-profit corporation, Tax ID # 27-0999622.
Phone (626) 470-7323 (that is 470-READ)