Do you "Love your Library"? Has your family enjoyed books, movies and computer access from the library? If so, are you willing to help support your library? There are several ways you can help your library; insuring that the Coy Public Library continues to provide valued quality library services for generations to come.
Planned gifts are typically included in estate plans and may provide tax and/or income benefits to donors while also ensuring the future of the Jeffrey W. and Jo Anne R. Coy Public Library of Shippensburg. Some examples of planned gifts are below.
Your bequest may be of a specific sum, percentage, or the remainder of an estate and may consist of cash, securities, life insurance proceeds, real estate, and/or personal property. The following language is an effective way to make bequests to the Shippensburg Public Library
“I hereby give, devise and bequeath to the Trustees of the Coy Public Library, a nonprofit corporation, organized and operating under the laws of the Commonwealth of Pennsylvania, the sum of $____ or "the rest, residue and remainder of my estate: to be used for the general purposes of the Coy Public Library "or for a particular program of your choosing."
You may name the library as full or partial beneficiary of life insurance plans, qualified retirement plans, IRAs, tax-deferred annuities, savings bonds, brokerage accounts, etc. To make such a gift, update your beneficiary designation form accordingly.
Charitable Gift Annuity
A charitable gift annuity (CGA) is a contract between you and the Jeffrey W. and Jo Anne R. Coy Public Library of Shippensburg where you make an irrevocable gift to the library. In exchange, the library guarantees the annual payment fixed amount to you for life.
You can make a tax-free gift from your traditional IRA. Such a gift is known as a Qualified Charitable Distribution or QCD. You must be at least 70 ½ years old to take advantage of this opportunity. Your QCD must go directly from your IRA administrator to the library.
Thank you for your interest in planned gifts for the Jeffrey W. and Jo Anne R. Coy Public Library of Shippensburg. If you would like to include to the Jeffrey W. and Jo Anne R. Coy Public Library of Shippensburg in your estate plans, we recommend that you consult with your family and professional advisers.
If you would like to share your intentions with the library, please contact the Executive Director, Jody Cole at (717) 532-4508.