Gifts of Marketable Securities

Gifts of securities to the Mill Valley Library Foundation that have appreciated in value allow you to avoid capital gains tax on that appreciation, as well as generate a tax deduction for you equal to the full fair market value of the securities to the extent allowed by law. To qualify for these benefits, the securities must be held by you for more than one year. Click here to learn more and to access our securities transfer form.

 

Gifts of Real Estate or Closely Held Securities

You may also qualify for a charitable deduction for the fair market value of any contribution of real estate or closely held securities (securities that are not traded on a public securities exchange) to the extent allowed by law. By making such a contribution, you also avoid any capital gains tax on the appreciation in the real estate or closely held securities. The value of your deductible contribution will need to be established by a valuation conducted by an independent appraiser for gifts valued at more than $5,000 ($10,000 for closely held securities).

 

Gifts of Life Insurance

An existing life insurance policy or a newly acquired policy may be contributed to the Mill Valley Library Foundation by designating the Foundation as the owner and the beneficiary of the policy through an endorsement that can be provided to you by your insurance agent. You will be entitled to deduct the current cash value of the policy to the extent allowed by law. Any future premiums that you pay on such policy will also be tax deductible.

 

Bequests
You may name the Mill Valley Library Foundation as a beneficiary in your will, and your estate will receive a charitable deduction equal to the value of the bequest. You have flexibility in a bequest to specify whether the Foundation is to receive a particular dollar amount, a percentage of the value of your estate, or specific assets. Click here for more information on how to make a bequest or other legacy gift.

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Charitable Lead Trusts
By establishing a Charitable Lead Trust that makes payments to the Mill Valley Library Foundation for a specified number of years and then transfers the trust assets to your heirs, you may transfer property to your heirs on a tax-favored basis.