legacy gifts

 

Leave a Lasting Legacy

Bequests to the Youngstown Free Library represent a vital source of support in ensuring the continuing vitality of the library for future generations. Whether you choose to make an unrestricted or restricted gift, the following examples of bequest wording are provided as a guideline for your convenience, each individual situation is unique, and therefore, these examples include only some of the possible gift opportunities.

We encourage you to share your final will provision with the Library Director or Library Board Treasurer to ensure that your wishes will be properly followed and recognized. All conversations about your plans are kept in confidence.



Unrestricted Gifts:

Unrestricted gifts provide the Youngstown Free Library with the option to designate funds to the most pressing needs at a given time.

I hereby give, bequest and devise to the Youngstown Free Library, a not-for-profit organization located at 240 Lockport Street, Youngstown, NY, the sum of ____________ dollars (or the property described below, or ___________% of my residual estate) for use in furthering the charitable purposes of the Youngstown Free Library.

Restricted Endowed Gifts:

Endowed Funds may be designated for a specific intent. We kindly request that you consult with the Youngstown Free Library before designating a purpose for your bequest.

I hereby give, bequest and devise to the Youngstown Free Library, a not-for-profit organization located at 240 Lockport Street, Youngstown, NY, the sum of __________ dollars (or the property described below, or _________% of my residual estate) for the establishment of the _____________ Fund (describe as appropriate).
Should the need for such a Fund cease to exist, then I empower the Trustees of the Youngstown Free Library to alter the application of this Fund as they deem most appropriate at that time.

 

For additional information, please contact:

Treasurer of the Board of Trustees
Youngstown Free Library
240 Lockport St.
Youngstown, NY 14174
716-745-3555

This document is general in nature and does not represent a rendering of legal advice. Prospective donors are urged to consult their personal tax, legal, and financial advisors concerning the specific consequences of making gifts to the Youngstown Free Library.

This document drawn from language from the Worchester Public Library Foundation.

Long-Term Sustainability

In 2020, we are operating in a deficit budget.