Private gifts at all levels support the Library in providing the best possible space and service for our community. Donations to the GPL Endowment support enhancements including technology, furniture, Art at the Gleason, professional development for staff, historic collections maintenance, and improvements to the building above and beyond what the operating budget allows. Read more about the Endowment.
The Endowment is currently engaged in a capital campaign for an interior renovation to meet the demands of today’s and tomorrow’s users. Read more about the renovation designs.
How to Give
The Gleason Public Library Endowment is a 501(c)(3) charitable trust. Charitable donations to the Endowment are tax deductible to the full extent of the law. If you have any questions, please contact the Endowment at email@example.com.
The GPL Endowment loves cash because of its unrestricted flexibility. Tax deductible cash donations can be made by making a check or money order payable to “Gleason Public Library Endowment” and mailing it to: Gleason Endowment, 22 Bedford Road, Carlisle, MA 01741.
2. CREDIT CARD
To donate to the Endowment by credit or debit card online, click the button below:
To set up an automatic monthly donation, please use the above link to donate online via Paypal and check the “Make this a monthly donation” box.
4. DONOR ADVISED FUNDS
You may use your donor advised fund to support the GPL Endowment Fund. Donor advised funds manage various charitable donations on behalf of individuals, families, and/or organizations. Donors who make charitable contributions receive an immediate tax advantage, and may give recommendations for grants from the fund. To assist you in making a grant from your Donor Advised Fund:
Legal name: Gleason Public Library Endowment Fund
Address: 22 Bedford Road, Carlisle, MA 01741
Federal Tax ID Number: 04-2812647
5. APPRECIATED STOCK/MUTUAL FUNDS
You may own stock(s) that has appreciated significantly over time. If you sell it, you may have to pay considerable capital gains tax on the growth in value. By making a charitable donation of appreciated stock to the GPL Endowment, you may be able to avoid paying a capital gains tax and you can take a charitable tax deduction for the full appreciated value of the donated stock. The GPL Endowment in turn can sell the stock it receives without paying capital gains taxes.
Your broker may be able to electronically donate (transfer ownership) of your charitable stock gift directly to the Endowment. Call or talk to the Gleason Library Director if you need further information about a transfer.
6. DEPRECIATED STOCK
You may benefit most by first selling the stock and taking a capital loss deduction. By then donating the cash proceeds of the sale to the Endowment you can take a charitable income tax deduction as well.
7. QUALIFIED CHARITABLE DISTRIBUTIONS (QCDs)
The IRA Qualified Charitable Distribution (QCD) allows individuals age 70½ or older to make an outright gift of as much as $100,000 annually to a qualified charitable organization, such as the GPL Endowment, from a traditional IRA. The withdrawal amount may count toward your annual required minimum distribution (RMD) if you have one. Because the gift goes directly to the charity without passing through your hands, the dollar amount of the gift may be excluded from your taxable income up to a maximum of $100,000 annually, even if you do not itemize deductions, with some exceptions.
This method of gifting can have one of the most significant impacts for the donor, as it reduces ordinary income. Please consult your tax advisor for information regarding your specific situation.
A charitable bequest through your will is an easy way to gift the Gleason Public Library Endowment. Just name the Endowment as a cash beneficiary of your will, either for a specific dollar amount, for a percentage of your estate, or as a residual bequest which gifts the remainder of your estate after all other bequests have been met.
You incur no current costs and you retain full use of your assets during your lifetime. Since bequests through your will are revocable, you can change them at any time during your lifetime. For the Endowment, this is the equivalent of a direct unrestricted cash contribution.
Discuss this approach with your attorney. The Gleason Library Director can provide specific information about the GPL Endowment Trust to your attorney.
9. MEMORIAL AND HONOR GIFTS
Many donors elect to make gifts to the GPL Endowment Fund that commemorate a loved one’s life, birthday, anniversary, or other special occasion. We will gladly notify those you wish to know of any gifts made in their honor. When you make your gift, please note the name of the person you wish to commemorate.
Let your next of kin know that upon your death, it is your desire to have family and friends make charitable donations in your memory to the GPL Endowment. The Gleason Library Director can provide your family with the appropriate wording to include in a death notice or obituary.
10. BENEFICIARY DESIGNATION
Naming the GPL Endowment as a beneficiary of your life insurance, bank account, CD, pension or other retirement account, or of a living revocable trust is as simple as executing a written designation. Some of these designations to a charity may have tax advantages for your estate.
If you have a primary beneficiary, such as a spouse, you can still name the GPL Endowment as a secondary or contingent beneficiary in the event your spouse does not survive you.
Beneficiary designations are very safe because they are revocable and can be changed as your needs and intentions change.
The Gleason Public Library Endowment is a 501(c)(3) charitable trust. Charitable donations to the Endowment are tax deductible to the full extent of the law.
The endowment cannot legally provide estate planning or tax advice. You should discuss planned charitable giving with your attorney, estate planner, and/or financial advisor.
Please let the Gleason Library Director know in advance if you are considering a donation of property or a donation of assets other than cash as part of your estate. All such gifts are subject to acceptance by the Endowment Trustees.
Thank you for expressing an interest in giving to the Gleason Public Library Endowment. Your support makes a difference.
— The Endowment Trustees