Ridgewood Public Library Foundation
 

All About Giving

 

Funding Goals

The Foundation is raising funds to support the following projects:

Endowment Fund: $1 Million by 2008, $2 Million by 2013

 

Endowment gifts provide income to support the Library in perpetuity. Interest and dividends from the invested Endowment Fund will support the future library needs of Ridgewood residents. Your donation to the Endowment Fund is a legacy to the Village of Ridgewood.

The Endowment Fund can support:

  Growth in Library Collections
   
 

The Library's purchases of books and media is primarily supported by the Municipal appropriation and the Friends of the Ridgewood Library. The Library's very excellent collection carries a vast array of subjects, however, to maintain an even broader and deeper selection, the library will endeavor to purchase additional titles in these focused areas.

     
   

-Arts, humanities, sciences

   

-Business and legal guides

   

-Books on CD, DVDs

   

-Large-print books

   

-Text and resources to support Ridgewood High School curricula

   

-World Language and ESL materials

     
  New Visions in Technology
   
 

Ridgewood Public Library is one of New Jersey's outstanding libraries for its state-of-the-art technology. With Foundation support, the Library can continue to to provide needed access to information databases, business software, and computer training through:

     
   

-New, upgraded computers

   

-High-definition flat-screen monitors and other equipment

   

-New technology classes

   

-Wireless Internet access throughout the Library

   

- Other new information technologies such as Kindle (e-Book), self-check, and a large digital sign announcing library news and events.

     
  Upgraded Facility and Furnishings
     
 

Foundation gifts can help to maintain optimally functional spaces, a bright and well-kept building and provide the best access to our collections. Projects include:

     
 

-Enhancing the Young Adult Center

   

 

Serving youth from 5th grade through high school, the lively Young Adult Center offers computers, and a much-borrowed and growing collection of fiction, magazines, graphic novels and other books on topics enjoyed by this age group.

 

 

 

 

 

 

- Configuring small group study/meeting spaces

 

 

 

 

 

 

- Creating a bright, scenic, new reading area for magazines and newspapers

 

 

 

 

The Foundation Board of Directors is eager to welcome and acknowledge the generosity of donors.

All donors will be honored in the Library's Annual Report and on its web site. Gift recognition will reflect the aggregate contributions made over the years; certain gift levels may be pledged over a period of years.

Private gifts enable the library to flourish as an exceptional environment for culture and lifelong learning.

Leadership Contributors

 

 

         

Founders:

$50,000 or more

 

 

 

Benefactors:

$25,000-$49,999

 

 

 

Guardians:

$10,000-$24,999

 

 

 

Our Leadership Contributors will be recognized by name in a prominent location within the Library and are invited to a donor appreciation reception.




Sustaining Gifts Contributors    

Sponsors:

$5,000-$9,999

 

 

 

Patrons: $2,500-$4,999      
Fellows: $1,000-$2,499      

Our Sustaining Gift Contributors will be invited to a donor appreciation reception.




Supporting Gifts Contributors    
Supporters: $500-$999      
Associates: $100-$499      
Contributors: up to $99      

Supporting Gift Contributors of more than $500 will be invited to a donor appreciation reception.




Contributions of any amount are gladly appreciated.

Your Privacy is Important to Us

The Ridgewood Public Library Foundation is committed to safeguarding your information. This information is used only by the Foundation for our work. We do not share, rent, trade, or sell your personal information to any outside individuals, companies, or organizations. If you give us permission to contact you by email, your name and contact information will be used for the sole purpose of sending you the relevant information

Types of Gifts
Types of Gifts

 

1. Unrestricted gifts permit the Library's highest priority needs to be filled as they evolve.

   
 

2. Permanent endowment preserves the principal and provides interest and dividend income in future years.

   
 

3. Designated gifts support a current, specific project. The Foundation welcomes the opportunity to work with a donor wishing to support library enhancements of particular personal interest. Please contact us.

Print your donation form to accompany your donation by mail


Methods of Giving =Methods of Giving

There are several options for giving to the Foundation. If you would like to speak with someone from the Foundation concerning the options listed below, please contact us.

Cash

Cash gifts are the simplest, most direct means of support for the Foundation. The giver is entitled to an income tax deduction for the entire amount of the gift, providing the deductions are itemized and do not exceed certain limits. Please make checks payable to the Ridgewood Library Foundation and mail to:

 

Ridgewood Public Library Foundation
125 North Maple Avenue
Ridgewood, NJ 07450

Securities

Appreciated securities continue to be an excellent and popular method of making gifts. Depending on the particular situation, gifts of securities which qualify for long term capital gains treatment may be deductible at full fair market value on the date of the gift and there may be no capital gains taxes on the appreciation.

Real Estate

Gifts of debt-free real estate, depending on the situation, may be deductible at the full fair market value on the date of the gift, and there may be no capital gains tax on the appreciation. Although an appraisal is needed to support the income tax deducation, it is possible to avoid the typical costs and delays associated with selling real estate.

Life Insurance

Over time, a person's life insurance coverage needs may change, as assets increase and the needs of dependents become less pressing. Life insurance policies, which have a cash value, may be donated to the Foundation. The owner receives an income tax deduction for the value of the policy on the date of the gift.


Planned Gifts

The Foundation encourages you to think of the Library when you speak with your attorney about creating your will or updating your estate plans. Including a bequest to the Foundation will generate an Annual Gift in perpetuity to the Ridgewood Public Library.

Simple bequest language that you and your attorney might consider is as follows:
"I give, devise and bequeath to RIDGEWOOD PUBLIC LIBRARY FOUNDATION, INC. a New Jersey nonprofit corporation whose address is 125 North Maple Avenue, Ridgewood, New Jersey 07450, the sum of $_____________(or __% of my residuary estate) for its general uses and purposes."

Other Planned Giving instruments may include:

1. Naming the Library Foundation as a beneficiary under your life insurance policy;
2. Naming the Library Foundation as a beneficiary of your retirement plan assets such as an IRA or 401(k), which may have significant tax advantages about which you should consult your tax advisor;
3. Establishing a charitable trust benefiting the Library

The Ridgewood Public Library Foundation is a New Jersey nonprofit corporation that is qualified as a tax exempt charitable organization under Section 501(c)(3) of the United States Internal Revenue Code. Information concerning this charitable solicitation is filed with the Attorney General of the State of New Jersey and may be obtained by calling (973) 504-6262. Registration with the Attorney General does not imply endorsement.

Tax ID# 22-3845417

Gifts with a retained income

An individual may want to make a meaningful gift to the Foundation but not wish to relinquish the income from the gift principal. If this is the case, several types of gifts in trust can be considered. There are methods of making a current gift to the Foundation while retaining the income for your life, and if desired, for additional life of a spouse or other beneficiary. An attorney can help to design an estate plan that provides income and also benefits the Ridgewood Public Library Foundation.


The Ridgewood Public Library Foundation is a 501c(3) nonprofit corporation. Donations are tax deductible. Information concerning this charitable solicitation is filed with the Attorney General of the State of New Jersey and may be obtained by calling (973) 504-6262. Registration with the Attorney General does not imply endorsement.