The Mission of the Foundation is to enhance the quality of the Windsor-Severance Library District’s services to the community by developing and securing resources to support Library programs not normally met by public funding.

The Library Foundation was established in 2006 to…

• Provide financial support for the library in meeting the needs of an increasingly diverse and rapidly growing population.
• Establish an Endowment Fund to support long-term needs of the library.
• Support specific projects identified by the Library Board of Directors.
• Encourage private contributions to fund programs and services beyond those which are supported by public funding.
• Provide a vehicle for tax-deductible contributions through a 501C(3) nonprofit, tax exempt organization.
• Provide investment flexibility and potentially higher growth rates for donations than the library itself is able to generate.

Methods of Giving

The library Foundation accepts both unrestricted and restricted gifts (given for a specific use). Gifts can be either immediate or deferred, including the following…

• Cash

A gift paid by cash or check.

• Tangible Personal Property

Tangible personal property, such as works of art, jewelry, rare books, antiques, or other prized possessions that have appreciated substantially in value, can make a satisfying charitable gift to the Library Foundation.

• Securities

These include corporate stocks and bonds, bonds issued by the U.S. Government or its agencies, or shares of mutual funds. It will often be to your advantage to donate appreciated securities that have been held for more than twelve months. By donating securities held long term, you completely avoid capital gains tax on the appreciation and receive a charitable deduction for the full air market value of your contribution.

• Real Estate

Farm, business, investment, and personal residence can provide significant tax benefits if properly used as gift vehicles. It will often be to your advantage to donate appreciated land or capital assets that have held for more than twelve months. By donating real estate held long term, you completely avoid capital gains tax on the appreciation and receive a charitable deduction for the full fair market value of your contribution.

• Retirement Plan Assets

Naming the Library Foundation as a beneficiary of your retirement assets is an important way to fund charitable gifts at death. Pension plans, profit sharing plans, 401(k) plans, 403(b) plans and Individual Retirement Accounts (IRA’s) are subject to both income taxation and estate taxation at death if the assets are left to your heirs. When a retirement plan asset is properly designated for charity, both income and estate taxes are eliminated, and a meaningful and lasting gift has been made to the Library Foundation.

• Certificates of Deposit

CDs can be assigned to the Library Foundation through a POD (Payable on Death) designation or assigned to the Foundation prior to maturity of the certificate.

• Insurance Policies

The Library Foundation can be named as a contingent beneficiary on paid up policies. Fully paid policies can be assigned to the Foundation, and new policies can be purchased, naming the Foundation as owner and beneficiary.

We encourage you to consider the form of your gift carefully and to consult with your attorney or accountant before making your contribution.

Current Board of Directors

• Dennis Bruns 970-518-1978
• Sarah Moore 970-674-9624
• Carolyn Figal 970-686-2603
• Kelly Hall 970-686-5592
• Clare Hartmann 970-381-4898
• Patty Pike 970-686-7779
• Kathleen Jones 970-686-7325
• Barb Steffens 970-686-5165
• Bob Folbrecht 970-686-2548
• Bob Schneider 970-674-1353

For more information about the Foundation call 970-686-9955. or Email the Librarian.