Donate
Your contribution will support:
- A dynamic lineup of free programs and classes to engage and educate children, teens, families and adults.
- Access to free Wi-Fi, computers and technology to help bridge the digital divide.
- Critical additions to our collection, to revitalize and update library materials for all ages groups.
To develop a giving strategy that’s right for you, you may want to speak with a financial advisor. In the meantime, here are some giving options that have worked for other donors:
- Donor Advised Funds
With a Donor Advised Funds (DAF), you can make a charitable contribution, receive an immediate tax deduction, and then recommend nonprofit organizations, such as the Delray Beach Public Library, that you would like to see receive benefits from the fund moving forward. You’ll want to discuss the particulars with your financial advisor. If you’re ready to initiate a gift to the Delray Beach Public Library, contact the DAF administrators directly and reference our EIN 59-0217683.
- From Your IRA
After a certain age (usually 70½), anyone who has made tax-deferred contributions to a traditional Individual Retirement Account (IRA) is required to withdraw a certain amount each year. This is known as your Required Minimum Distribution (RMD). You didn’t pay taxes on your contributions to this type of IRA, but you will be required to pay taxes on your withdrawals – unless, of course, you use your RMD to make a Charitable Rollover Gift to an eligible nonprofit, such as the Delray Beach Public Library. Your IRA administrator can go over the specifics with you.
- Donating Stock
If you are looking for a way to maximize your impact while also maximizing potential tax liabilities and protecting your liquidity, you may want to consider a charitable gift of stocks in your portfolio that have appreciated. Donating stock to the library will allow you avoid the capital gains tax that would be owed if you were to sell the stock.
- Planned Giving
There are many ways to leave a charitable legacy. The most common, of course, is to make a bequest or designate a contribution in your will, but there are other options as well, including charitable gift annuities. Your gift can also take many different forms, ranging from cash, stocks and life insurance to tangible assets and real estate. A financial planner or attorney can help you determine how to structure a charitable gift to the Delray Beach Library that will ensure maximum impact while reducing your tax liability.