Leave a lasting legacy that carries your love of libraries and reading.
Our legacy donors are people who have decided to share their love for libraries with a meaningful gift to the New Brunswick Public Libraries Foundation. They are happy to know that they can help the library and provide resources that will be used and appreciated even after they are gone.
Often, our donors are surprised by how wonderful they feel about helping others and by the size of the gift they are able to make through a legacy gift.
We are grateful for legacy gifts because they make a profound difference in our communities. Your gift can help the next generation of children learn how to read, help students succeed in school, help newcomers find jobs, help the elderly stay connected and so much more.
When you leave a legacy gift to the New Brunswick Public Libraries Foundation, you support the purchase of books and other library materials that will be borrowed and valued for years to come. You can direct your gift to support collections at your local library, collections at all public libraries in New Brunswick, or a certain part of the collection such as children’s books, books for adults, large print and audiobooks, and even eBooks.
It’s easy to make a legacy gift
A gift in your will
The simplest way to make a legacy gift is through a bequest in your will, by naming the New Brunswick Public Libraries Foundation as a beneficiary. A bequest can be included in anyone’s will – you don’t need to be rich! If you already have a will, you can add an addendum, called a codicil. If your circumstances change, you can change your bequest at any time.
You can designate a specific amount of money or a percentage of your estate. You can also designate the remainder of your estate after all other bequests have been paid – known as a “residual gift”. This can be a good way to make sure that you are still able to pass money on to your heirs, as well as your most-valued causes. Your estate will receive a donation receipt that will help offset estate taxes.
You can designate the New Brunswick Public Libraries Foundation as the beneficiary of your RRSP or RRIF. This option allows these assets to be transferred directly to the Foundation outside your will providing savings on probate and other estate fees. Your gift will be treated as a charitable donation in the year of death and you will receive a tax receipt for the full value of your gift.
A gift of life insurance
Giving a gift of life insurance is another way to make a gift with tax benefits. There are several ways to do this. Please contact us for more information.
Donate appreciated securities such as stocks, bonds, and mutual funds and eliminate capital gains taxes as well as benefit from a charitable tax receipt. This is one of the most tax effective ways to make a charitable donation.
Note that tax benefits only apply to securities transferred directly. If you choose to sell publicly listed securities and give the proceeds to the Foundation, you will be taxed on the gains.
The name you should include in your will to make a bequest is “New Brunswick Public Libraries Foundation”. The Foundation raises funds on behalf of public libraries in New Brunswick. We can also provide you with suggested wording for your will.
The information provided here is not intended as legal or financial planning advice. The New Brunswick Public Libraries Foundation recommends that you consult your own professional advisor, such as a lawyer, financial planner or accountant to ensure that your financial goals are considered, your tax situation is reviewed and that your legacy gift is tailored to your circumstances.
We are available to answer your questions and provide more information about how you can leave a lasting legacy with the New Brunswick Public Libraries Foundation. Please contact:
Leah Campbell, Development Officer
570 Two Nations Crossing, Suite 2
Fredericton, NB E3A 0X9
Please be assured that we do not make unsolicited phone calls or visits to discuss legacy giving.
Official donation receipts issued by our Foundation are recognized by the Canada Revenue Agency.