Gift Planning
SMART DONATIONS THAT LAST BEYOND YOUR LIFETIME
To inform Madison Public Library Foundation about an intended planned gift or to learn more about different types of legacy gifts, contact Executive Director Conor Moran at 608.266.6318 or cmoran@mplfoundation.org.
What Is Gift Planning?
Gift planning, or legacy giving, is leaving a gift to the Madison Public Library Foundation that will sustain Madison Public Library well into the future. Committing a legacy gift is a wonderful way for someone who loves the library to make a high-impact contribution. Some gifts are simple, such as leaving estate proceeds in a will or trust, or making a stock gift during your lifetime. Other gifts take a bit more planning and expertise, like a charitable gift annuity or a gift of life insurance, real estate, or tangible personal property.
Foundation staff are here to help. While we cannot provide tax or legal advice, we can work with you, your family, and your professional advisors to carry out your vision. Gift planning helps the foundation:
- Enhance programming
- Expand collections, technology, and other resources
- Train and support staff
- Improve facilities
- Grow the endowment to ensure the future livelihood of our libraries
If you’re making a bequest in your will, add the following suggested language to demonstrate your intention:
“I leave [the sum of ____ dollars], [all or ____ percent of the remainder of my estate] to the nonprofit Madison Public Library Foundation, Inc., in Madison, Wisconsin (tax ID #391777242), to be used for [choose one] the benefit of all Madison public libraries; ____ Library; ____ Endowment Fund; or a special purpose ____.”
Read on to discover the value of leaving a gift, and scroll down for stories about donors who elected to leave the foundation a gift.
Epilogue Circle
Epilogue Circle (formerly known as Silas Pinney Society) recognizes and honors those who leave a gift to Madison Public Library Foundation. Oxford English Dictionary defines “epilogue” as a final or concluding act — and a group of hardworking volunteers and staff who brainstormed this name agreed that the word aptly describes such a thoughtful deed.
It’s easy to join Epilogue Circle: Simply commit to a legacy gift that will make a long-term difference in Madison’s public libraries. Please let us know of your intention to make a planned gift by contacting Conor Moran at 608.266.6318 or cmoran@mplfoundation.org.
Gift Planning Benefits
- Reducing or eliminating gift, estate, and capital gains taxes
- Increased income and effective rate of return
- Leaving a legacy without giving up assets
What Will My Gift Fund?
Gifts may be given “restricted” or “unrestricted.” Unrestricted, planned gifts to the foundation are invested in a permanent endowment at Madison Community Foundation. Each year, distributions from the endowment are used to support foundation operations, grants, program investments, and more. Some donors prefer to restrict their gift for a designated neighborhood library or toward a particular area or program like collections, technology, or the Wisconsin Book Festival. Call the foundation office at 608.266.6318 if you wish to designate your gift in a particular way.
Gift Planning Stories
“I especially love our Madison Public Library. I want to make sure that even beyond my lifetime, I can continue to contribute to a stronger library and community. It’s an investment in the future of our city.”
— Tanya Salman,
Epilogue Circle member and current Madison Public Library Foundation Board President
“Libraries connect with a lot of my values, and what touches me about the importance of community gathering places. I feel they are a truly vital asset for the residents of the city.”
— Dick Goldberg,
Epilogue Circle member
Madison Public Library Foundation
201 W. Mifflin Street
Madison, WI 53703
608.266.6318
Tax ID: 39-1777242