Leave a Legacy – There are a wide variety of other ways to support the MPPLF. The Mount Prospect Public Library (MPPLF) accepts gifts of cash and other types of planned or estate gifts, such as bequests, property, and stock. Please consult your attorney or financial advisor before making a planned or estate gift. All gifts to the MPPLF are subject to approval by the MPPLF Board.
For many donors, a gift made through a will or trust is the most realistic way to make a major gift. Property, including cash, securities, jewelry, works of art, and real estate, may be given through a will or trust. A donor may leave to the MPPLF a specific dollar amount or a specific percentage. All outright bequests to the MPPLF are exempt from federal estate taxes.
Life Insurance or Retirement Plans
Consider naming the MPPLF a beneficiary of a life insurance policy or a retirement plan, such as an IRA. Another option is to transfer the ownership of an insurance policy to the MPPLF.
Charitable Remainder Trust
A donor may make a gift to the MPPLF and receive direct financial benefits including an income for life for the donor and/or the donor’s spouse, and a charitable income tax deduction.
Gifts of Real Estate
A donor may make a gift of commercial or residential real estate and receive substantial benefits. Gifts of real estate may be made through an outright gift or via a bequest. Gifts of real estate also may be set up as a type of planned gift, such as a charitable remainder trust.
Please consult your attorney or financial advisor before making a planned or estate gift.
If you have questions about giving options, please call the MPPL Executive Director at 847-253-5675.