There are many ways to
donate to the Southeast Steuben County Library. All gifts are very much
appreciated and help make it possible to provide valued services to our
community.
One way to give is through
the Annual Fund Drive. The 2007-8 campaign, which ended March 31, raised
$36,000. More than 260 patrons made individual contributions ranging from $5 to
$2,000. Look for your Fund Drive letter in the fall.
Other ways to support the
Library include cash donations, memorial book donations and honorary book
donations. You may donate stocks or securities, make a bequest, leave a legacy,
or make the Library the beneficiary of an insurance policy. We will work with
you to maximize your tax advantages when you donate. The Southeast Steuben
County Library is a 501c3 nonprofit organization, and donations are tax
deductible to the full extent allowed by law.
Donate by Phone:
It is easy to donate by phone; just call 607-936-3713, ext. 206.
Donate by Mail
To support the Southeast
Steuben County Library, please mail a check, mail order or credit card (VISA)
information to:
Southeast Steuben County Library
300 Nasser Civic Center Plaza, Suite 101
Corning, NY 14830
Memorial Gifts & Honorary Gifts
Memorial and Honorary
Gifts can be made in memory or honor of a friend or loved one. When your gift is
received, we will send a notification card to the individual or individual's
family (the amount of the contribution is confidential). You may request a book
be chosen in a particular subject matter. A special book plate will be placed in
the book and you will receive a letter of acknowledgement for your gift.
Please download and print
the appropriate form using the links provided and mail it to the Library. Or,
stop by the Circulation Desk to make your gift.
Memorial Donations
Honor Donations
Donate Stocks or Securities
Many individuals enjoy
significant gains in their stock and other investment portfolios. If you own
stocks, bonds or mutual funds that have appreciated in value, you have a unique
opportunity to realize extra tax savings by making an outright gift.
First, you would earn a
federal income tax deduction for the full fair market value of the securities as
long as you have owned them for longer than one year. Second, you would avoid
all of the capital gains tax that would be due on the sale of the securities.
Here is an example:
John has committed to making a sizable gift to help the Southeast Steuben County
Library-. He owns $20,000 worth of stock that he purchased 10 years ago for
$10,000. If John sold the stock, he would realize a capital gain of $10,000.
Listed below are two ways of making his gift.
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Option A
Give Stock Outright
|
Option B
Sell Stock & Give Cash
|
| Gift Value |
$20,000 |
$20,000 |
Ordinary Income
Tax Savings
(assuming 28% tax bracket) |
$5,600 |
$5,600 |
Capital gains tax
saved or paid
(assuming 15% tax rate) |
$1,500 SAVED |
$1,500 PAID |
| Net Tax Savings |
$7,100 |
$4,100 |
By donating the stock
directly to the Southeast Steuben County Library, John would completely avoid
all capital gains tax and would realize larger net tax savings.
Your personal financial
situation is unique. You should discuss your estate plans with your family and
your financial and legal advisers before making any charitable gift.
For more information
call the Library at (607) 936-3713 and ask for Pauline Emery.
Leaving a gift to the
Southeast Steuben County Library in your will is a special way to continue
helping the Library. Some people choose to give a specific dollar amount or
asset, while others give a percentage of the remainder of their estate. Bequests
can also be made in memory of a person. There are also planned gift vehicles
that will allow you to make a contribution that will provide income for life for
you and/or a loved one.
Bequests
If you are considering
including the Southeast Steuben County Library in your will, the following
suggested language should be shared with your attorney:
"I give, devise and bequeath to the Southeast Steuben County Library, 300 Nasser
Civic Center Plaza, Corning NY 14830, the sum of $_______ (or otherwise describe
the gift or specify a percentage of the estate) to be used for its general
purposes."
Life Insurance
Many people have existing
life insurance policies that were purchased when they had young children that
are no longer important to their families' financial security. A donor can
simply change the beneficiary of such a policy to the Library.
For more information
about these gift-giving opportunities, call the Library at (607) 936-3713 and
ask for Pauline Emery.
Gifts of Library Materials
Types of Gifts Welcomed
Gifts which enhance the collection and are therefore likely to be added
to the Library collection include the following:
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Local or state historical materials
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Materials which may be used for research
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Duplicates of highly used items
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Special Collection Material
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Books (both fiction & non-fiction):
Book Sale Donation Guidelines
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Memorial Donations and Honor Donations: Please download our
printable donation forms (click below) or ask at the Circulation Desk
Memorial Donations
Honor Donations
Appraisals
Appraisals of gifts for income tax purposes are the responsibility of
the donor. Although Library staff may not appraise gifts, they can
direct donors to information on appraising and suggest professional
appraisers. Donors may wish to discuss prospective donations and
appraisals with their attorneys.
Book Sale Donation Guidelines
We appreciate your donation of new and used books, CDs, videos,
audio-books, paperbacks and DVDs. The following guidelines apply to materials
donated through the Friends of the Library book slot located in our lot off Pearl Street in Corning.
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Donations will be given to the
Friends of the Library for the Friends' book sales. Book sales benefit the Library and
our community of users. In 2008, the Friends
donated $45,000 to the Library.
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Donations which are not accepted for book sales are recycled. Hardcover books are not recyclable in our
area. Books & materials that cannot be recycled are discarded.
Please save us the cost of disposal; Pre-screen your donation.
Please do not donate:
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Textbooks
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Hardcover books older than 5 years in Business, Economics or Law
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Reader's Digest Condensed Books
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Old encyclopedias
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Computer software manuals older than 3-5 years
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Most magazines and professional journals
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Old fiction without collector interest, such as book club
editions from the 1950s. (Literary classics are welcome donations.)
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Materials that are missing pages or parts, mildewed, wet, stained, musty, or in poor condition
Your adherence to these guidelines is appreciated, as are your book donations. Please call (607) 936-3713 ext 502 with your questions.
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