A Lasting Legacy

A gift to Bainbridge Public Library (BPL) from your estate is an enduring tribute to your love of community and your belief that libraries matter.  

There are many ways to give to BPL. Here are some ideas to discuss with your lawyer, accountant or financial advisor.  

• Outright gift of cash, stock, or other securities: Provides a charitable tax deduction in the year that you make the donation. You avoid paying capital gains taxes on appreciated stocks and other securities. For complete instructions for the transfer of appreciated stock or other securities, please contact the Bainbridge Public Library Treasurer at or 206-866-1250.  
• Bequest: Defers a gift until after your lifetime. The gift is exempt from estate taxes. Examples are: Cash, retirement accounts, insurance policy, or other property.  
• Gift of life insurance: Offers several ways to maximize your gift. This helps avoid capital gains taxes and estate taxes. Additionally, it provides a charitable deduction.
• Open a savings account at your bank with Bainbridge Public Library named as the beneficiary.  (A payable-on-death account.) 
• Donor-advised fund*: Establishes a self-directed fund for charitable giving. This fund allows you to receive an immediate tax deduction and distribute money to BPL immediately or over any time period. You can contribute cash, appreciated securities or real estate without incurring capital gains taxes.  
• Charitable Remainder Trust*: Gives you income for life. The remaining balance goes to the Bainbridge Public Library. You get a charitable deduction at the time you set up the trust.  
• Charitable Lead Trust*: Gives Bainbridge Public Library income for a certain period of time to be determined by you. Your heirs receive the remainder.

* Note: these documents may have specific administration requirements and are often irrevocable.  

Members of A Lasting Legacy Committee will be happy to discuss these topics with you and may be reached at or 206-866-1250.  

This information and any conversations you may have with a member of A Lasting Legacy are not intended as legal advice. Please consult your legal or financial advisor to ensure that your wishes are fulfilled in your estate planning.  

Bainbridge Public Library’s legal title and address:
        Bainbridge Public Library
        PO Box 11815
        Bainbridge Island, WA 98110
        Federal EIN: 91-0757660 

Bainbridge Public Library is a registered tax-exempt 501(c)(3) corporation. 

The official language for a bequest to Bainbridge Public Library is:

I give, devise, and bequeath _______________ to Bainbridge Public Library, a Washington state non-profit corporation, located in Bainbridge Island, Washington 98110.

Thank you for considering Bainbridge Public Library in your estate planning. Such a legacy contribution expresses your individual values, will inspire others, and will leave a real and lasting impact for our Bainbridge Island community.