Why should I make my gift through the Pacific Grove Public Library Foundation?
The Pacific Grove Public Library Foundation (PGPLF) is a non-profit, 501(3)(c) charitable organization (Tax ID# 45-1738473), so your donation is tax deductible. The role of the Foundation is to supplement public funding for the Library by receiving and managing donations and bequests given to support the Library long-term needs and goals.
The Foundation works closely with the Friends of the PG Public Library and the librarians to decide how we can work together to fund the library’s needs. The most rewarding part of making a planned gift is the knowledge that generations of children and adults will be transformed by the library thanks to your generosity.
Is there a minimum amount to make a bequest?
No, a bequest—a gift made by putting the Pacific Grove Public Library Foundation in your will or trust—can be made in any amount. Your estate planner or attorney can explain the best way to structure a bequest to meet your goals.
Should I designate a specific use for my gift?
While we don’t know what tomorrow’s library will look like, we do know there will always be knowledge, curiosity and learning. Librarians are experts at meeting people’s emerging needs for information, books and materials in formats we can’t even imagine today.
It is most beneficial to the Library for you to leave the Foundation an unrestricted gift. This will provide the flexibility to best use the money to meet our community’s changing needs. However, if you would like to make a specific impact, we can work with you to find the best way to meet your goals.
Who makes decisions about my gift in the future?
PGPLF is governed by a board of directors, including an investment committee. These directors work with the Friends of the PG Public Library and the librarians to evaluate funding priorities each year and make sound decisions about where supporters’ gifts will have the greatest impact.
Are there other ways to remember the library besides my will?
Another easy way to give is through your retirement plan. You can help secure the library’s future by naming the Pacific Grove Public Library Foundation as the beneficiary of your IRA or other pension plan. Insurance policies are simple, too. You can make a lasting impact by naming the Foundation as a beneficiary.
What happens if I don’t have a will?
Without a will, your assets will be distributed according to state law. Through estate planning, you have the satisfaction of deciding exactly how and where to give.
Can I write a will myself?
There are many resources available to help you write your own will. However, wills and bequests are subject to state laws, and it is good to get professional advice. An estate attorney can help you make sure your wishes are stated clearly in a way that leaves no room for questions.
What is the difference between the Pacific Grove Public Library Foundation and the Friends of the Pacific Grove Library?
The Friends of the Pacific Grove Public Library is a membership and volunteer organization whose members raise money annually to meet the Library’s immediate needs such as books, periodicals, community programs, and short-term special projects.
The Pacific Grove Public Library Foundation is also a non-profit, volunteer organization, created to complement the work of the Friends. Our focus is on investing and managing funds for the long term. The Foundation and Friends work well together, and our mutual focus is on making sure the Library has the resources it needs to provide excellent service to the community now and in the future.
What if I don't want my name on the donation?
Any kind of gift to the Foundation can remain anonymous, if you prefer. A gift to the Foundation can also be made in honor or in memory of a special person you would like to recognize. Please ask us for details.
Can I talk to someone in person?
We would be happy to answer your questions and discuss your ideas. It is our wish to make sure your gift fulfills your needs and intentions. To talk with a Foundation board member please use the Contact form.