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Capital Campaign - Ways to Give

Gifts of Cash  |  Gifts of Securities  |  Matching Gifts and Challenge Grants  |  Bequests  | Other Giving Options  | Named Gift Opportunities  |  Recognition  |  Donor Confidentiality Policy and Procedures


Clapp Memorial Library is a 501(c)(3) organization and therefore, donations are tax deductible as allowed by law. 

Gifts to the Clapp For Community Campaign may be made in a number of ways.  Gifts may be made outright or paid over a three- five year pledge period.  Listed below are the most common gift options.  Careful consideration of your gift and tax incentives may allow you to do more for others than you may realize.  As with all major decisions, we encourage you to consult with your financial / tax advisor(s). 

Gifts of Cash   
An outright gift of cash, check or secure on-line credit card donation is the most common way to give.  The Campaign accepts all major credit cards.  To donate by credit card, click on the "Donate On-Line" button and access our secure payment page. 

Tips for on-line donations:
• In the Contact Information section, enter your name and address EXACTLY as
they appear on your credit card.   You will be able to add more detail in the
Recognition and/or Comments sections farther down the form.   If the transaction
is meant to be a pledge payment versus an outright gift, please indicate that
under Comments.
    • If your gift is a tribute to someone, please provide the person’s name and
whether the tribute is ‘in memory of’ or ‘in honor of’ him or her.
    • If you receive an error message when you hit the Submit key, DO NOT enter the
gift again. Close the page and contact us at donations@clappforcommunity.org.
 

Instructions for Electronic Funds Transfer (EFT) are also available by contacting donations@clappforcommunity.org   

Gifts of Securities
Some donors find it advantageous to make their gifts in the form of appreciated stock or shares of mutual funds held for one year or more. If you wish to contribute to the Campaign in this way, please have your broker contact us by calling Joan Stoia at 413.210.3454. She will provide the information necessary for effecting the stock transfer.  If you need advice about the potential tax or other benefits of making a gift of securities, please consult your financial advisor. If you have questions about how to go about making such a gift to the Campaign, please contact Ms. Stoia.

Matching Gifts
Donors who are employed by companies with matching gift programs can increase the value of their gift by completing the necessary forms.  Generally, the Human Resources Office provides employees with the information they need to generate a matching gift.  Check to see if your employer matches gifts to libraries.  Any donor whose gift is matched by a corporate contribution will receive credit for the amount of the match for recognition purposes, and the corporate donor will be included in all campaign recognition listings.

Challenge Grants

Corporate, foundation and individual grants are sometimes made, contingent upon the recipient’s ability to raise additional amounts from new donors or other sources.  Making a challenge grant to our campaign could encourage others to give at higher levels and energize the campaign. 

Bequests and other Testamentary Gifts
The library has benefited greatly from donors who made gifts through their wills.  Donors age 70 years and older who provide a copy of the portion of their wills that names Clapp Memorial Library as a beneficiary will be recognized for the value of that gift during the campaign.

Life Insurance Policies

Donors who have insurance policies they no longer need may use them as gifts to the library.  New policies, naming us as the beneficiary, may be made as well, guaranteeing us a future gift.  Please consult with your financial advisor if considering a gift of life insurance.

Other Giving Options
Gifts of Real Estate

Real estate, developed or undeveloped, is a potential charitable gift.  If you own property which has appreciated over a long time and you want to help us fulfill our mission, you may want to consider donating property.  Property can be donated outright, placed in an income generating trust (see trusts) or deeded to us.  In the case of a residence, donors can retain the right to live there for the reminder their lives.  Gifts of real estate are valued at their fair market value, and have various tax implications, so discussing this with your financial advisor is strongly recommended.  Gifts of real estate require an independent appraisal, environmental audit and are subject to approval in advance by the Clapp Memorial Library Board of Trustees.  Please let your campaign volunteer or a member of the Board of Trustees know you are considering a gift of real estate. 

Charitable Remainder Trusts

Donors may fund a separately managed trust with cash, securities and/or other property which, in turn, pays income to the donor and/or other beneficiaries for life.  The principal of the trust eventually passes directly to the library.  Charitable Remainder Trusts can be an attractive method for donors who are considering making substantial gifts to the library, but are looking for these assets to provide them with income for the reminder of their life/lives.

Charitable Lead Trusts

Donors may also opt to benefit the library today, while providing for future generations in the form of a charitable lead trust.  Assets are placed in a trust, generating income to the library for a fixed number of years, with the principal going to family members at the end of the trust.  The full amount of anticipated income contributed over the term of the charitable trust lead trust will be recorded as the amount pledged, with the actual income payments as credit against that pledge. 

Recognition
Recognition of your gift or pledge is an additional endorsement of the library and its mission, and encourages others to give. Your gift or pledge can be made in your own name or in honor or memory of loved ones. Unless otherwise noted by the donor, all gifts and pledges to the campaign will be recognized in a special publication to be printed after the close of the campaign. The amounts will be kept confidential.  

Gifts of $1,000 or more are eligible for recognition on a Clapp for Community Major Donor Wall to be located in a prominent place in the library at the conclusion of the project.

Gifts of $10,0000 to $1,000,000 are eligible for individual plaques under the Named Gift Opportunities. This option is ideal for making a meaningful philanthropic statement, honoring or memorializing an individual or group, and leaving a legacy that will be honored for generations to come.  Named gifts are subject to availability and will be reserved on a first-come/first-served basis.  Please contact us to learn more about these opportunities or to get suggestions on how gifts and pledges might be pooled together for purposes of recognition..

Donors who do not wish to be recognized should check off the "Anonymous" box located on the pledge card.

Donor Rights and Confidentiality
A strict policy and procedures are in place to ensure confidentiality of donor information.  More.
 

For additional information on any of the topics on this page, please contact the Library by phone:  413 323-0478 or by mail:  Post Office Box 928 Belchertown, MA  01007.
 

   
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Last Update: 
February 09, 2010

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