Leave 10 For Kitsap
In the Kitsap Area, it’s estimated that $12 billion will be transferred between generations in the next 10 years. Leaving 10% to charity could help meet critical needs in our community for generations to come. That would mean a $1.2 billion investment in Kitsap!
Funding of this magnitude could address Kitsap’s needs for affordable housing, mental health services, education and many other charitable causes. Imagine the possibilities.
A 10% gift of charity in your will can make your dreams a reality while still taking care of family members or others with 90% of your assets. By Leaving 10 for Kitsap, you can make a difference in the lives of those in need for tomorrow and beyond.
The Legacy Society celebrates and acknowledges the generosity of individuals who, in their lifetimes, include the Kitsap Regional Library Foundation in their estate plans or make another type of planned gift. Legacy Society members are invited to private author events, receive quarterly updates from Kitsap Regional Library Foundation and receive the annual One Book, One Community book selection.
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
Making a gift to the Kitsap Regional Library Foundation by beneficiary designation from a Transfer on Death (TOD) account, is a simple and tax-efficient way to fund your legacy and avoid the probate process. To include the Kitsap Regional Library Foundation, simply contact a representative of the institution that manages your account or policy and request a “change of beneficiary form.”
Retirement Plans (IRA, 401K, etc)
Life Insurance Plans
Banking and Brokerage Accounts
Please note that Kitsap Regional Library and Kitsap Regional Library Foundation do not dispense legal, investment or tax advice. The information provided here is generalized and listed to illustrate the many ways of making a gift to support Kitsap Regional Library while accomplishing your personal objectives. Consult with your attorney or other advisors to make sure that the gift you choose makes sense as part of your overall estate plan.
By leaving a planned gift to the Kitsap Regional Library Foundation, you will provide the Library with a critical source of long-term funding, securing the future of library services in Kitsap. The Kitsap Regional Library Foundation is a founding member of Leave 10 for Kitsap, a movement created to educate, encourage and inspire people in Kitsap to leave 10% of their estates to charity in their wills.
The Kitsap Regional Library Foundation is the official charitable-gift receiving agent for Kitsap Regional Library. It is recognized by the Internal Revenue Service as a 501(c)(3) nonprofit corporation. All gifts to the Foundation, whether outright or deferred, are tax deductible to the full extent permitted by law.
Legal Name: Kitsap Regional Library Foundation
Tax ID Number: 91-1605136