Many friends of Lilly Library in our community choose to give financial support in a variety of ways. Your financial contribution ensures that the Lilly Library can provide service to the community regardless of the state of the economy. To determine what is the most appropriate for you, we suggest you consult a qualified professional, your financial advisor, or contact Virginia Christenson, longtime Trustee of Lilly Library.

Please note: if you wish to make a planned gift, please indicate "Lilly Library” as the recipient of your will or trust.

• Gift of Cash
  The majority of gifts to Lilly Library are made in the form of cash. Cash gifts entitle you to an income tax charitable deduction of up to 50% of your adjusted gross income. If your cash gifts exceed income in any year, the excess may be carried forward for up to five additional years.  These gifts can be made "in honor of" someone for a birthday, retirement, or anniversary gift, or could be "in memory of" a loved one as a memorial gift.
  

• Gift of Stocks
  Stocks and bonds may be given as a charitable gift to Lilly Library
  

• Gift of Insurance
  You may have an existing paid-up life insurance policy that is no longer needed for its original purpose. This policy could become a generous gift to Lilly Library, giving you a tax deduction. You may name Lilly Library as co-beneficiary, contingent beneficiary of an existing policy, or a remainder beneficiary in case the primary beneficiaries do not survive the policy holder.
  
  Or you may wish to purchase a policy and irrevocably name Lilly Library as owner and beneficiary. Annual premiums paid by the donor are a charitable deduction. Life Insurance may be used to "replace" an asset given from your portfolio. You can give appreciated property to Lilly Library now and replace the dollar value of the asset with life insurance to your family. The income tax savings from your gift may be sufficient to pay for the "replacement" insurance.

• Gift of Real Estate
  You may make a gift to Lilly Library of a personal or recreational residence, ranch, farm, commercial property, subdivision lot or undeveloped land.

• Bequests
  A will or bequest is the most basic type of planned gift. You can bequest a specific amount of money, a percent of your overall estate, stocks and bonds, or simply a remainder of your estate after everything else has been taken care of.

• Charitable Gift Annuity
  You may transfer cash, stock or other securities to Lilly Library for the purpose of establishing a Charitable Gift Annuity, which guarantees one or two beneficiaries a fixed income for life (some of which may be tax-free).

• Charitable Remainder Trust
  A Charitable Remainder Annuity Trust (an "Annuity Trust") is another type of gift plan defined by federal tax law that allows you to provide income to yourself or others for life or a term of years while making a generous gift to Lilly Library.

*Again, we suggest you consult a qualified professional, your financial advisor, or contact Virginia Christenson, longtime Trustee of Lilly Library.

To donate by mail: make your check payable to Lilly Library and mail it to the Director of Lilly Library, 19 Meadow Street, Florence, MA.  01062

To request information via email or to have Virginia Christenson contact you directly, please email her.