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Support your Library - Planned Gifts
Unexpected
gifts to Barrie Public Library are always appreciated but
a well planned gift can often be more effective, for both
you the donor and for the Library. A planned gift is a charitable
gift that you plan for now, but is not received by the Library
until later. It is a very personal statement about the values
you have embraced throughout your lifetime. The giving ideas
highlighted on this webpage may provide a way for you to make
the gift of a lifetime while providing significant benefits
for yourself and your loved ones.
We recommend
that you discuss any gift arrangement with your professional
advisors in order to make the best decision for your estate
and financial plans. We also welcome the opportunity to discuss
the many gift planning opportunities with you in confidence.
Please feel free to contact us at any time at 728-1010 ext:
7040 to speak with the Development Officer.
We recognize
and honour all individuals, businesses, service clubs, foundations
and community organizations making donations or gifts-in-kind
to the Library. If you prefer not to receive public recognition
for your support, please let us know. Your privacy and right
to give anonymously will be honoured. Barrie Public Library
is a registered charity and supports the Donor
Bill of Rights. Our Charitable Registration # is 106773716
RR 0001.
There
are many different types of planned charitable gifts. Please
see below for more information on some of them. Further information
can also be obtained by contacting the Library's Development
Officer at 728-1010 ext: 7040, or by e-mail at supportbpl@barrie.ca.
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Bequests
Most often,
planned gifts are made in the form of a bequest through a will.
A bequest to the Barrie Public Library will ensure that you
leave a lasting legacy to your library, while not affecting
your present assets. You can set aside a specific dollar amount,
leave a percentage of your estate, or leave any assets left
over after you have provided for your family.
The Library
would be pleased to provide you or your legal advisor with
bequest wordings for leaving a gift to the Library through
your will. Please contact the Library's Development Officer
for this confidential information at 728-1010 ext: 7040 or
by e-mail at supportbpl@barrie.ca.
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Gifts
of life insurance
Many people
are unaware that a gift of a life insurance policy makes an
excellent charitable gift without tapping into current assets.
People sometimes have life insurance policies that have outlived
their needs. Policies taken out to protect mortgages that
have since been paid or educational plans that have been completed,
for example, can make excellent charitable gifts. By irrevocably
transferring ownership and naming the Library as beneficiary,
you will receive a tax receipt for the cash surrender value
of the policy.
You can
also name the Library as beneficiary or co-beneficiary of
a policy, without changing ownership, and your estate will
receive the tax receipt.
Still
others wishing to give beyond their immediate resources find
they can make a large gift by purchasing a new life insurance
policy. If the Library is named the irrevocable owner and
beneficiary, every premium payment made can qualify for a
tax receipt.
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Charitable
remainder trust
A charitable
remainder trust involves a transfer of assets to a separately
managed trust fund that provides you and/or a beneficiary
with an annual payment for life or for a specified period
of time. At the end of that time, the trust property passes
on to the Library.
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