A planned legacy gift is one of the easiest ways to support our mission while ensuring Wood Library’s future financial security.
You can establish a Will Bequest or Living Trust, or designate Wood Library as a beneficiary of a Retirement Plan or a Life Insurance policy, a Donor Advised Fund or Charitable Gift Account. Your legacy gift may be a percentage of your estate, or a specific amount or asset. Some people choose to establish a Charitable Gift Annuity or Charitable Remainder Trust which generates income during their lifetime.
In addition to the financial flexibility and tax benefits offered, legacy gifts allow you to support Wood Library beyond your lifetime.
Once you have settled on a plan with the help of a trusted financial advisor, let us know so we can acknowledge your decision and future gift. All planned gifts qualify for membership in the Charles A. Loomis Legacy Society.
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.
Freewill offers no-cost legal planning tools for individuals wanting to establish a will. Make a will.
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 hereby give, devise, and bequeath $___ or ___% of the net proceeds after my estate is settled, to Wood Library, Federal Tax ID 16-0755896, located at 134 N Main St, Canandaigua, NY 14424, for its general use and purpose.
For more information, contact Library Director Jenny Goodemote or Director of Development Maria Bucci.
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