A bequest is a financial gift that is made during your lifetime, but benefits the Norwell Public Library after your passing. A bequest is easy to do—simply add a line to your will. Your gift will make a difference in the future of the NPL.

Retirement plan assets can sometimes be the most heavily-taxed assets in one’s estate. Naming the NPL Foundation (or any charitable organization) as the beneficiary of these assets can help avoid that tax liability. You may also designate NPLF as a “percentage beneficiary” or “contingent beneficiary” of a retirement plan.

Financial accounts can be an uncomplicated and inexpensive way to give a special gift to the library. Your financial advisor can help set up the process to make the NPLF a beneficiary of a particular investment or bank account.

A gift of appreciated common stock or mutual fund shares can reduce potential capital gains tax burdens, while benefitting the NPL. It may be beneficial to make such gifts through a Charitable Gift Fund that can be opened through numerous financial institutions.

If you are over 72, you can make donations of up to $100,000 total to one or more charities directly from a taxable IRA instead of taking their required minimum distributions (RMDs). As a result, donors may avoid being pushed into a higher tax bracket and prevent phaseout of other tax deductions.

There are many other Planned Giving tools that your financial advisor could help you choose so you and your family could make a special and rewarding gift that would ensure the future of the Norwell Public Library. Some examples are the following:

·       Life insurance policies naming the NPLF as the beneficiary

·       Charitable Gift Annuities

·       Charitable Trusts