A planned gift to Wood Library is one of the easiest ways to support our mission while ensuring the library’s future financial security.
A planned gift may be a percentage of your estate, or a specific amount or asset. You can establish a Will Bequest or Living Trust, or designate Wood Library as a beneficiary of a Retirement Plan, a Life Insurance policy, a Donor Advised Fund, or Charitable Gift Account. Some people choose to establish a Charitable Gift Annuity or Charitable Remainder Trust which generates income during their lifetime.
Once you make a planned gift that includes Wood Library, you qualify for membership in the Charles A. Loomis Legacy Society.
Please consult with a trusted financial adviser as you consider your options.
Watch a recording of Wood Library’s Legacy Series 2020: Wills and Bequests. This panel presentation features local attorneys Terrence Robinson, Amy Boyd-Ertel, and Russ Kenyon, who explain why it’s important to draw up a Will, the life events that trigger changes to a Will, and how Wills can be used as charitable giving tools. Watch it now.
Wood Library’s Federal Tax ID# is 16-0755896.
Join the Charles A. Loomis Legacy Society
The Charles A. Loomis Legacy Society was established to ensure Wood Library’s future financial security and continued excellence through charitable planned gifts.
It is named for Charles A. Loomis who is recognized as the first person to endow a gift to Wood Library in 1897. Legacy Society members create a secure future for Wood Library and a personal legacy that will last forever.
In addition to the financial flexibility and tax benefits offered, legacy gifts help you support Wood Library beyond your lifetime. Seek advice from a trusted financial adviser or attorney. Once you have settled on a plan, let us know so we can acknowledge your decision and future gift.
Sample Bequest Language
“I give, devise, and bequeath to Wood Library Association (Tax ID #16-0755896), a charitable corporation established in 1859 in the State of New York, and located at 134 N Main St, Canandaigua, NY 14424, a ___% of the rest and residue of my estate (or the sum of $____).”
For more information, contact Library Director Jenny Goodemote or Development Specialist Maria Bucci.