Planned Giving

Friends of Encinitas Library Endowment Fund The Friends Endowment Fund was established at the Coastal Community Foundation in 2007. The Friends realize the importance of having sufficient annual resources for the Library. Over the years, through new gifts and investments, the Library will be guaranteed annual resources to enhance the collection and maintain its quality.   Contact the Foundation for more information at 760-942-9245 or email Sharon@coastalfoundation.org to discuss the Friends Fund. Planned Giving Many people wish to make a lasting contribution to the Encinitas Library. There are a number of ways you can help maintain your Library for generations to come. Naming the Encinitas Library to receive a bequest in your will; Making a contribution for which you have lifetime income; Making a contribution to the Library for a period of years, after which the assets   return to your family; Making a contribution of your residence or other real property; Making a contribution of retirement accounts; and/or, Contributing Life Insurance Bequests Charitable bequests are an important part of estate planning. Your Encinitas Library receives wonderful contributions from farsighted individuals who make contributions through their wills or trusts, often at a more significant level than they could have made with an outright contribution. By leaving a bequest, you can have a lasting impact on generations of Library patrons to come.   Your taxable estate is reduced by the value of the bequest and can save taxes. Since the estate tax is progressive, the larger the estate, the more savings per dollar contributed. Bequests can be for a specific amount of money, securities or other property as well as residuary, to be paid after other obligations. Lifetime Income You may transfer assets – cash, securities, or real property – to a trust and provide a life income for beneficiaries. After the lifetime of the recipients, the assets go to the Encinitas Library. Life income trust can provide income tax deductions, capital gains avoidance, estate tax reductions, and income for life. Some forms of life income arrangements are unitrusts, annuity trusts, and pooled income funds. We suggest you contact your estate planning attorney or tax advisor to see how this may benefit you.