A library foundation is a separate legal entity formed for the purpose of supporting and enhancing library programs and
services. It offers donors a familiar and reliable way to make tax-exempt contributions to the library. Foundations have the
advantage of being eligible for grants for which public libraries may not qualify.
Foundations offer a way to accept cash, bequests, trusts and other types of donations. Foundations can accept:
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Checks: Sign, seal, and mail – the old fashioned way to donate.
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Matching Gifts: Duplicate your dollars when your employers match your donation.
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Sponsorships and Partnerships: Many companies like to be associated with the types of programs created by
libraries. -
Wills / Bequests: Leave a true legacy by remembering your dedication to learning
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Endowments: Funds contributed to an endowment fund are invested and only the interest is spent on library needs.
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Trusts: Earn income and tax benefits for you and your family while you give.
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Gift Annuity: Receive income from a generosity.
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Life Insurance: Perhaps an additional beneficiary could be an acceptable vehicle
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In-Kind : Gifts other than cash such as art, books or technology
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Securities: Donate stock and avoid capital gains
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Retained Real Estate: A future gift of a home or property provides a current benefit.
A foundation takes the burden of money management off local Friends groups and allows our collective assets to be pooled for
stronger investment returns.
Individual libraries retain the control of monies or donations given for a specific location or project.
Libraries of Stevens County Foundation
P.O. Box 744
Loon Lake, WA 99148.
For more information contact Tracey Rice 509 935-6654