Legacy Giving

Would you like to leave a gift that benefits future generations? Giving to the Library Foundation is the perfect way to help people from every circumstance far into the future. Large and small gifts are appreciated. 

To learn more about making a lasting gift, contact Cameo Skager at 701-355-1494, or print out a Contribution Form (PDF) today.

Memorials


Designated memorials offer a simple and meaningful way to make a lasting gift. Memorial gifts generally go into the Endowment Fund. Each year a distribution from the fund goes to Bismarck Public Library. However, memorial gifts can also be designated for a special purchase, such as for books.

Gifts Made by Will


Mentioning the Bismarck Library Foundation in your will helps ensure quality library services for years to come. The following language is suggested: "I give, devise and bequeath to the Bismarck Library Foundation, Inc. of Bismarck, North Dakota (insert a stated sum or percentage of your estate)." Laws regarding wills and estates change from time to time. It's best to have an attorney draft your will to make sure it will accomplish your intended purpose.

Life Insurance


A gift of a life insurance policy allows you to make a sizable future donation at a relatively low annual cost. You can deduct the value of the policy as a charitable gift and your premiums are deductible as well. In addition, the policy proceeds paid to the Library Foundation are not taxable to your estate.

Stock


Gifts of appreciated stock are one of the most tax-savvy ways to help the Library.


Charitable Gift Annuities

Charitable gift annuities are available to the Bismarck Library Foundation through the North Dakota Community Foundation. You may give cash or an asset, such as a stock or certificate of deposit, and receive a lifetime annuity payment. You will receive a regular payment, which is partly taxable and partly tax-free. Upon death, the remaining principal becomes part of the permanent Endowment Fund.

Charitable Trusts


Gifts in a trust to the Bismarck Library Foundation can provide lifetime income to you or income to the Foundation for the term of the trust.

Remainder Trusts


This plan gives you income from the trust for life.You receive an immediate tax deduction. You also have control of the trust, subject to its terms, during your lifetime. The Bismarck Library Foundation receives the trust upon your death.

Lead Trusts


A third trust option gives the Bismarck Library Foundation income from the trust, but you or your heirs can receive the trust back at the end of a term of years. You receive a larger immediate income tax deduction.