The Seneca Falls Library is an association library receiving only 47% of our operating budget from public sources; the rest must be raised every year by the library. Here’s how you can help:
Become a Member
Becoming a member of the library is easy! Just donate any amount you’re comfortable with, and we’ll use it to support library operations, to buy books and other materials for the collection and to provide free programs for all ages. Membership contributions become a part of our operating budget and are spent in the calendar year during which they are received. Members are also invited to attend the annual meeting of the Library Board of Trustees (usually held in June), can vote in Trustee elections and will receive a newsletter of programs and events every other month by mail or email (please indicate on your donor form which format you prefer, of if you’d like to decline the newsletter).
Contribute to the Endowment Fund
The endowment fund helps to secure the library’s future. Endowment contributions grow the fund balance, while only the interest is used in support of the library.
Membership and Endowment contributions can be made by returning this form (Word or PDF) to the library with your donation. You can also donate securely online with a credit card here (this link will open a separate window to a secure payment form).
A Few Other Options…
Gifts of Real Estate
Gifts of real estate can consist of almost any type of property – a primary or secondary residence, a commercial building, a farm, a subdivision lot or an undeveloped parcel of land.
Gifts of Tangible Personal Property
This type of gift includes collections, literary works, jewelry and art and may be subject to estate taxes. By contributing such items during your lifetime rather than at death, you not only reduce your taxable estate, but also reduce your taxable income in the year of the gift.
Gifts of Life Insurance
Life insurance offers an attractive method for making a substantial gift to the library. There are several ways to use life insurance for charitable purposes, the most frequent being liquidating a policy no longer needed for family protection and donating the proceeds to the library.
Gifts of Appreciated Securities
Gifts of appreciated securities eliminate paying a capital gains tax on securities and entitle you to an income tax charitable deduction equal to the fair market value of the securities at the time of the gift.
The library has been fortunate throughout the years to receive bequests from members and friends. These donors felt they needed their capital during their lifetime, but found it possible to support the library by making us the beneficiary of a portion of their estate.
Individual financial needs and goals determine which method of giving is best for you. If any of these ways of giving appeal to you, we suggest you contact your broker or lawyer to discuss your wishes, as some charitable gifts require the assistance of a financial or legal professional. If you want to qualify for a deduction in the coming tax year, these gifts may require advanced planning.