Reasons to Give
The Library Legacy Society
The stories of yesterday are the legacy upon which today’s Princeton Public Library was built. The groundwork for our success was laid by good will and philanthropic gestures more than 100 years in the making.
In 1945, Mrs. E.F. Northrup left the Princeton Public Library its first recorded bequest. One person can make a difference and Mrs. Northrup’s testamentary gift of $1,000 was surely significant in its day.
We invite you to become a member of the Library Legacy Society. In doing so, you will join a special group of individuals who have told us that they have provided for the Princeton Public Library Foundation in their will or estate plan. Each year the library recognizes the Legacy Society members at the annual Donor Appreciation event.
Planned Giving and Planning your Estate
Thinking about how you wish to distribute assets you have accumulated over a lifetime is a personal matter. Your decisions will affect those you love and are a reflection of your particular interests. In planning your estate it is important to work with a trusted legal advisior who has expertise in this area and can help you design a plan that takes care of your family, preserves your property and also provides for the causes you care about most.
Tax laws recognize the value of financial support for organizations like the library that provide for the public good. Therefore, there are certain incentives for making charitable gifts. With guidance from your attorney or financial planner, you can consider the most beneficial way to deal with different types of assests. You can start by taking a careful inventory of your assests.
Your attorney can help you incorporate a bequest for the Library into your will. Bequests may be structured in several ways, with sample language for some common types included below:
Other Types of Planned Gifts
We hope you will think of the Library when speaking with your attorney about making your estate plans. Besides bequests, we would be pleased to make you a member of the Northrup Society if you:
For Your Advisor
In considering a gift for the Princeton Public Library Foundation in your will, there are several points of information your attorney will want to know: