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"Whatever the expense of improving education, it is an investment in the future we must make. Excellence costs. But in the long run, mediocrity costs more."-- Dr. Glenn Seaborg
Any amount helps. Considering a Major Gift? The Lafayette Library and Learning Center Foundation (LLLCF) is a California 501(c)(3) nonprofit, public benefit corporation for the principle purpose of establishing and supporting the construction, operations, programs, funding and other business of the Lafayette Library and Learning Center. All charitable donations to LLLCF are tax deductible, subject to the provisions of Internal Revenue Code Section 170. If you are 71 or over, you can make a tax-free gift from your traditional IRA. The advantage for you is that you don’t pay income tax on the amount of the gift and you may give up to $100,000 tax free per traditional IRA owner, per year. Because this is a distribution to charity, it is not taxed. Tell your traditional IRA administrator that you want to make a "qualified charitable distribution" to LLLCF and give him or her our federal tax ID, 26-0403799. The administrator will send your tax-free gift directly to LLLCF. Give LaterIf you'd like more information about options for including the Lafayette Library and Learning Center in your long-term planned giving goals, please let us know. Questions?Gwenn Lennox, Campaign Director |
