By leaving a planned gift to the Bozeman Public Library Foundation (BPLF), you will provide the Library with a critical source of long-term funding for the future of library services in Bozeman and the surrounding area.
There are a number of ways to make a planned gift, including: Wills and Trusts, Gifts that Guarantee Lifetime Payments, Gifts by Beneficiary Designation, and IRA.
Wills and Trusts
By including the BPLF Foundation in your will or trust, you are leaving a legacy that will ensure that the library has funding to provide our community with access to critical resources and programs that improve lives.
If you have already included the BPLF in your estate plan, THANK YOU! We hope you will let us know by completing this form. We want to thank you and learn how you would like to be recognized for this gift.
Below is sample bequest language that might be used to designate a fixed sum or percentage of your assets to the BPLF:
“I give to the Bozeman Public Library Foundation, a nonprofit corporation, 626 East Main; Bozeman, MT 59715 (Federal Tax Identification Number #81-0405940) the amount of $_______ or ______% of the residue of my estate.”
Gifts than Guarantee Lifetime Payments
Charitable Remainder Trust (CRT): You transfer assets (usually cash, securities, or real estate) to a trustee of your choice through a formal trust agreement. Your trustee invests the trust assets and makes annual payments to you and/or a loved one, based on the payout rate chosen by you. At your death or at the termination of the trust, the principal is distributed to the BPLF.
Charitable Lead Trust (CLT): You transfer assets (usually cash or securities) to a trustee of your choice through a formal trust agreement. Your trustee invests the trust assets and makes annual income payments to the BPLF. At termination, the trust distributes all assets, including any appreciation, to your heirs.
Giving by Beneficiary Designation
Making a gift to the BPLF by beneficiary designation from a Transfer on Death (TOD) account is a simple and tax-efficient way to fund your legacy and avoid the probate process. To include the BPLF, simply contact a representative of the institution that manages your account or policy and request a “change of beneficiary form.” This applies to:
- Retirement Plans
- Life Insurance Plans
- Banking and Brokerage Accounts
Individual Retirement Account (IRA)
Making a Qualified Charitable Distribution (QCD), a direct transfer of funds from your IRA custodian payable to a qualified charity, is a great way to support the Library. QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year.
Legacy for Literacy Society
The Legacy for Literacy Society recognizes the generosity of individuals who, during their lifetimes, include the BPLF in their estate plans or make another type of planned gift. Member benefits include invitations to exclusive gatherings and recognition in the BPLF annual report, unless anonymity is requested.
If you have set up a planned giving arrangement for the BPLF, we hope you will complete our confidential form so we can thank you and recognize you as a Legacy for Literacy member.
For more information about any of the planned giving options, contact Janay Johnson at email@example.com or 406-582-2426.
*Consult with your attorney or other advisors to make sure that the gift you choose makes sense as part of your overall estate plan.