The West Tisbury Library Foundation, Inc. is a non-profit 501(c)3 Foundation, EIN 27-1785670. Donations are tax-deductible to the extent allowable by law.
BY CREDIT CARD OR PAYPAL
BY MAIL: To donate via U.S. Mail, either sending a check or paying by credit card, please use this form and mail to:
West Tisbury Library Foundation
P.O. Box 1238
West Tisbury, MA 02575
The Leadership Circle is a group of families and individuals who have made a pledge to give for three consecutive years at a significant yet sustainable level. This allows the library staff, knowing they have this steady source of long-term support, to more effectively plan and develop programs that make sense over a period of years.
Becoming a member of the Leadership Circle is a way to give back to the West Tisbury community by supporting our library. Giving levels are $1,000, $2,000 and $5,000 (although larger gifts are of course welcome). Benefits will include a yearly summer gathering that promises special surprises, and will be a great chance to meet fellow library-lovers.
To join our Leadership Circle, please use this form or contact Dan Waters, Chair, dan AT indianhillpress.com
CHARITABLE GIFTS THROUGH YOUR IRA: The IRA Charitable Rollover allows individuals age 70½ and older to make direct transfers totaling up to $100,000 per year to 501(c)3 charities without having to count the transfers as income for federal income tax purposes.
Who qualifies? Individuals who are age 70½ or older at the time of the contribution (you have to wait until your actual 70½th birthday to make the transfer).
How much can I transfer? $100,000 each year.
From what accounts can I make transfers? Transfers must come from your IRAs directly to the West Tisbury Library Foundation. If you have retirement assets in a 401(k), 403(b) etc., you must first roll those funds into an IRA, and then you can direct the IRA provider to transfer the funds from the IRA directly to the West Tisbury Library Foundation.
How will the West Tisbury Library Foundation count the gift? We will give you full credit for the entire gift amount.
What are the tax implications to me?
Federal – The transfer to the West Tisbury Library Foundation is not recognized as income, provided it goes directly from the IRA provider to us.
State – Each state has different laws, so you will need to consult with your own advisors.
Does this transfer qualify as my minimum required distribution? Yes, once you reach age 70½, you are required to take minimum distributions from your retirement plans each year, according to a federal formula. IRA charitable rollovers count towards your minimum required distributions for the year.
What is the procedure to execute an IRA charitable rollover? Time is limited, so contact your IRA plan provider to learn their procedures. We also offer a sample letter you can send to your plan provider to initiate a rollover. Just contact us when you direct the rollover so we can look for the check from your plan provider.
LEGACY SOCIETY
The West Tisbury Library Foundation has established the Legacy Society to celebrate and thank those individuals who share our vision for the West Tisbury Free Public Library. Members of the Legacy Society will be recognized in our publications and on our website.
Joining the Legacy Society is easy. Simply submit the Legacy Society form, informing us of your intentions to include the West Tisbury Library Foundation in your bequest. Then snail-mail the form to: West Tisbury Library Foundation, Inc., P.O. Box 1238, West Tisbury, MA 02575.
Donate
The West Tisbury Library Foundation, Inc. is a non-profit 501(c)3 Foundation, EIN 27-1785670. Donations are tax-deductible to the extent allowable by law.
BY CREDIT CARD OR PAYPAL
BY MAIL: To donate via U.S. Mail, either sending a check or paying by credit card, please use this form and mail to:
West Tisbury Library Foundation
P.O. Box 1238
West Tisbury, MA 02575
BY STOCK TRANSFER: Please download and follow these stock transfer instructions.
LEADERSHIP CIRCLE
The Leadership Circle is a group of families and individuals who have made a pledge to give for three consecutive years at a significant yet sustainable level. This allows the library staff, knowing they have this steady source of long-term support, to more effectively plan and develop programs that make sense over a period of years.
Becoming a member of the Leadership Circle is a way to give back to the West Tisbury community by supporting our library. Giving levels are $1,000, $2,000 and $5,000 (although larger gifts are of course welcome). Benefits will include a yearly summer gathering that promises special surprises, and will be a great chance to meet fellow library-lovers.
To join our Leadership Circle, please use this form or contact Dan Waters, Chair, dan AT indianhillpress.com
CHARITABLE GIFTS THROUGH YOUR IRA: The IRA Charitable Rollover allows individuals age 70½ and older to make direct transfers totaling up to $100,000 per year to 501(c)3 charities without having to count the transfers as income for federal income tax purposes.
LEGACY SOCIETY
The West Tisbury Library Foundation has established the Legacy Society to celebrate and thank those individuals who share our vision for the West Tisbury Free Public Library. Members of the Legacy Society will be recognized in our publications and on our website.
Joining the Legacy Society is easy. Simply submit the Legacy Society form, informing us of your intentions to include the West Tisbury Library Foundation in your bequest. Then snail-mail the form to: West Tisbury Library Foundation, Inc., P.O. Box 1238, West Tisbury, MA 02575.