Gifts of Stocks and Securities

The Library gratefully accepts the transfer of securities directly from you or your broker.

Gifts of Securities

Securities are an excellent asset to give to the Library.  You receive an income tax deduction for the full market value of the stock, you may avoid capital gains tax on the sale of the stock, and the stock may avoid estate tax at your death.

Life Insurance

Life insurance policies, which have a cash value, may be donated to the Library.  You receive an income tax deduction for the value of the policy on the date of the gift and the insurance policy is removed from your estate at death, as well.

Charitable Remainder Trust

The Library can work with your attorney to help you establish a charitable remainder trust of “CRT”. Under a CRT, you can make a gift to an irrevocable trust retaining an income stream for life; at the end of your life, any property remaining in the trust passes to the Library.  You receive an income tax deduction for a portion of the gift and the trust asset is removed from your estate at our death.  You may save capital gains taxes too.

Gift of a Remainder Interest in a Personal Residence or Farm

You can also make a gift of a personal residence to the Library, retaining the right to live in the residence for the rest of your life. You receive an income tax deduction for a portion of the value of your residence and remove it from your taxable assets.  The fundraising professionals at the Library are available to work with your lawyer to help structure such a gift.

If you have questions about gifts of stocks and securities to the Library, please contact:

Nancy Klein
Director of Development
Greenwich Library’s Trustees’ Office
101 West Putnam Avenue
Greenwich, CT 06830
203.622.7957
nklein@greenwichlibrary.org