Foundation staff is here to help, and while we cannot provide tax or legal advice, we can work with you, your family and your professional advisors to carry out your vision. Giving later helps the foundation:
- Enhance educational programs
- Build collections
- Support staff
- Improve facilities
- Invest in the endowment to ensure the future livelihood of our libraries
View and print our long-term giving brochure or read on to discover the value of leaving a gift, and scroll down for stories about donors who are leaving a gift to the foundation.
Legacy Gift 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.
Silas Pinney Legacy Society
The Silas Pinney Legacy Society recognizes and honors those who leave a gift to Madison Public Library Foundation. Mayor Silas Pinney was credited with the founding of Madison’s first free library in 1875, which was originally housed in City Hall.
It’s easy to become a Silas Pinney Legacy Society member: Commit to a legacy gift that makes a long-term difference in Madison’s public libraries.
Please let us know of your intention to make a planned gift. If you’re making a bequest in your will, the following language may be added 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 ____.”