WAYS TO GIVE
Cash is the most common and the easiest way to give. Personal checks made out to the Old Lyme Phoebe Griffin Noyes Library are always accepted, and online payments using credit cards are made easy by clicking the donate button below. Taxpayers who itemize deductions are able to secure a charitable tax deduction.
Gifts of appreciated securities such as stocks, bonds, and mutual funds provide distinct
tax advantages. The donor incurs no capital gains tax on appreciated securities given for charitable purposes. A gift of securities is easy to make, and donors receive tax credit based on fair market value.
A qualified charitable distribution (QCD) allows a direct transfer from a qualifying IRA to the Library in a tax advantageous manner. Funds given through a QCD help satisfy your minimum distribution requirement for the year and are excluded from your taxable income.
Many companies match employees’ charitable contributions through a formalized matching gifts program. Donors are encouraged to contact your employer directly to see if you can make your gift to the Library go even further through a corporate matching gift.
Planned gifts such as bequests, charitable trusts, life insurance, and property transfers are an excellent way to leave a lasting legacy to the Library and ensure the Library’s future in your community.
Contact Library Director Katie Huffman by calling 860.434.1684 x110 or emailing .
*Please note this website is for informational purposes only; it is not intended as legal or tax advice. Donors are encouraged to speak with their personal financial advisor when considering the best way of donating to the Library.