The Benzie Shores District Library

Benzie Shores District Library

Planned Giving

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What is Planned Giving?

As its name implies, this type of giving is planned and is usually accomplished through a will that assigns a part of your estate to the library. The gift may be designated to support the library's endowment or directed to a specific project you have in mind. Another type of planned giving is through use of a gift annuity that provides a source of income to you with a remainder going to the library after your lifetime.


HOW MAY I MAKE A GIFT?

  • In consultation with your attorney and financial advisor, a bequest to the library may be made when a will is first created or later through a codicil to an existing will.

    1. Endowment Bequest:

      “I give to the Benzie Shores District Library Endowment Fund the sum of __________ dollars (and/or ___________ shares of __________ Corporation and /or the following real property __________) through the Grand Traverse Regional Community Foundation."

    2. Non-endowment Bequest:

      “I give to the Benzie Shores District Library (BSDL) the sum of __________ dollars (and/or ___________ shares of __________ Corporation and/or the following real property ___________) to be used for general support purposes as determined by the BSDL Board."

    The above sample wordings are offered for your consideration.

    If you have a specific recommendation for how you want a bequest to be used, your counsel should be made in a separate written document to the Board of the Benzie Shores District Library when the bequest is given.

  • A gift annuity provides you and a beneficiary with a designated income for life with a remainder going to the Benzie Shores District Library. If you would like an informational brochure mailed to you, please contact:

    • Librarian Cathy Carter at 231-352-4671 or Email.

    • Or the Grand Traverse Regional Community Foundation:

250 E. Front Street, Suite 310
Traverse City, MI 49684
Phone: 231-935-4066
FAX: 231-941-0021
Email  or  visit their Web site


FOR MORE INFORMATION

If you are contemplating an estate gift and would like do discuss this with a representative from the library, please call Librarian Cathy Carter at 231-352-4671 or contact by Email.


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