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Your Gift Can Last Forever
An endowment gift to Cedar Rapids Public Library Foundation today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Library Foundation. The remaining funds are reinvested to ensure indefinite support.
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An Example of How It Works
Longtime supporters of Cedar Rapids Public Library Foundation, Charlie and Susan have two goals: First, they want to make sure Library Foundation continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.
Charlie and Susan make a $25,000 donation to Library Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.
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