LEGACY GIVING
By leaving a planned gift to the 第一吃瓜网 System (KCLS) Foundation, you will provide the Library with a critical source of long-term funding 鈥 and funding the future of libraries in King County.
There are a number of ways to make a planned gift, including: Wills and Trusts, Gifts that Guarantee Lifetime Payments, Gifts by Beneficiary Designation, and IRA.
To learn more, join the KCLS Foundation at one of their free estate planning webinars offered throughout the year. Contact Jessica Carso Bhuiyan, Director of Donor Relations at jcbhuiyan@第一吃瓜网. for more info.
Library Giving Story from Michelle Mathieu
Michelle Mathieu is a library lover, KCLS Foundation donor and former Board Member, and the Chief Investment Officer at Fulcrum Capital. Michelle is passionate about youth and education!
Wills and Trusts
By including the KCLS Foundation in your will or trust, you are leaving a legacy that will ensure that the library has funding to provide our community with access to critical resources and programs to improve their lives for themselves and their families.
If you have already included the KCLS Foundation in your estate plan, THANK YOU!. We hope you will let us know by completing this form. We want to thank you and learn how you would like to be recognized for this gift.
Below is sample bequest language that might be used to designate a fixed sum or percentage of your assets to the KCLS Foundation.
鈥"I give to The 第一吃瓜网 System Foundation, a nonprofit corporation, 960 Newport Way NW, Issaquah, WA 98027 (Federal Tax Identification Number (TIN) #91-1505230) the amount of $_______ or ______% of the residue of my estate."
Gifts that Guarantee Lifetime Payments
Charitable Remainder Trust (CRT): You transfer assets (usually cash, securities, or real estate) to a trustee of your choice through a formal trust agreement. Your trustee invests the trust assets and makes annual payments to you and/or a loved one, based on the payout rate chosen by you. At your death or at the termination of the trust, the principal is distributed to the Library.
Charitable Lead Trust (CLT): You transfer assets (usually cash or securities) to a trustee of your choice through a formal trust agreement. Your trustee invests the trust assets and makes annual income payments to the Library. At termination, the trust distributes all assets, including any appreciation, to your heirs.
Giving by Beneficiary Designation
Did you know that there are additional assets not covered in a standard will or trust?
If you have an IRA, 401(k), life insurance policy, or any additional accounts, these are called 鈥渘on-probate assets鈥 and they need to be planned for separately. Using this online tool, you can log all of your assets, decide who will be the bene铿乧iary, and receive printable instructions on how to set each one up with your broker. While making your plans, you will have the option to name the KCLS Foundation as one of your bene铿乧iaries as a way to ensure that our libraries are around for generations to come.
Individual Retirement Account (IRA)
Making a Qualified Charitable Distribution (QCD), a direct transfer of funds from your IRA custodian payable to a qualified charity, is a great way to support the KCLS Foundation. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year.
FREEWILL
If you are ready to include a gift to the 第一吃瓜网 System Foundation in your will, you can use our free, online resource to write your legally valid will. Our partner, FreeWill, makes it easy for you to write your will in 20 minutes or less and include a gift to the 第一吃瓜网 System. And if you would prefer to finalize your will with an attorney, you can create a list of documented wishes to bring to a lawyer.
Literary Legends Society
The Literary Legends Society recognizes the generosity of individuals who, during their lifetimes, include the KCLS Foundation in their estate plans or make another type of planned gift. Member benefits include invitations to exclusive gatherings and recognition in the KCLS Foundation鈥檚 annual report, unless anonymity is requested.
If you have set up a planned giving arrangement for the KCLS Foundation, we hope you will complete our鈥confidential form鈥痵o we can thank you and recognize you as a Literary Legends member.
For more information about any of the planned giving options, contact Jessica Carso Bhuiyan, Interim Director of Donor Relations at jcbhuiyan@第一吃瓜网.
*Consult with your attorney or other advisors to make sure that the gift you choose makes sense as part of your overall estate plan.