Planned Giving to FFRPL

While support of our annual, capital and special project campaigns is integral to the well-being of the Rochester Public Library, a planned gift is a great way to invest in the library’s future. We have adopted the practice of placing most of the planned gifts that we receive into our investment account, so that the funds will grow in value as they generate income over time. This means that your gift will continue to benefit the library well into the future.

The simplest and most common way to make a planned gift is to leave a bequest in your will, made out to the Friends & Foundation of the Rochester Public Library. Bequests are usually simple to establish, although a brief consultation with your attorney is recommended whenever you are creating or making changes to your will.

We would welcome the opportunity to talk to you about making the Rochester Public Library a part of your legacy. If you are considering making a planned gift, please contact our Executive Director, Donna Borgus, at (585) 428-8321 or at donna.borgus@libraryweb.org.

FFRPL will work with you to determine the option that best meets your donation parameters and objectives, including:

• Gifts of cash or securities: A gift of cash or securities is deductible for federal income tax purposes. Marketable appreciated securities may provide donors with the greatest tax benefit. It is recommended that you seek instructions from your financial advisor before transferring stock.
• Bequests to endowment: Endowment funds are invested and the principal is left untouched. Income from the endowment allows the Library to provide services not covered in the annual operating budget. A bequest to Friends & Foundation of the Rochester Public Library in your will can forever enrich the Library and the community it serves.
• Life insurance policies: Naming Friends & Foundation of the Rochester Public Library as the beneficiary of a life insurance policy can be an inexpensive way to benefit the Library.
• IRA or retirement plan: Designating Friends & Foundation of the Rochester Public Library as the beneficiary of your retirement plan may provide tax savings to your heirs.
• Trusts: A trust established for Friends & Foundation of the Rochester Public Library can provide donors with income for their lives and benefit the Library thereafter. A trust can also provide income to FFRPL during the donor’s lifetimes with the remainder reverting as the donor directs.
• Pooled Income Fund: A gift through an established Pooled Income Fund will provide donors with an income for their lives and benefit the Library thereafter.

All of these gifts may be designated as unrestricted (any amount) or restricted ($10,000 or greater). If you are planning to restrict your gift for a special purpose, please contact us to assure that your objectives can be met.

Over the years, the generosity of individuals and families has led to the creation of a variety of funds held by the Friends & Foundation of the Rochester Public Library that are used for a wide range of purposes for the Rochester Public Library.

To give a gift to an existing fund today, complete ‘Endowment Funds Supporting Special Library Projects’ form and mail to: FFRPL 115 South Avenue, Rochester, NY 14604.

The funds are under three categories: Programs & Services, Special Projects, and Supplemental Materials & Equipment.

To create a new fund, please contact FFRPL Executive Director Donna Borgus at 585-428-8321 or Donna.Borgus@libraryweb.org.

Our most recent 990 annual financial report may be obtained here, or from the NYS Charities Bureau, 120 Broadway, 3rd Floor,New York, NY 10271 or online from www.charitiesnys.com by searching for our tax ID number: 16-1347453.