ways of giving
Cash
Direct cash gifts are the most common form of giving and can be unrestricted or designated to a specific project, program or department at the Auburn Public Library.
To learn how to make a cash gift by check or a credit card gift by phone, please click here.
To make a secure on-line gift, either a one-time payment or a recurring gift, click here. Please note: Recurring gifts will automatically continue until you authorize JustGive.org to stop the scheduled payment(s).
IRS Charitable Contribution
Thanks to recently passed federal legislation, you can make a tax-free distribution in 2011 from your Individual Retirement Account to the Auburn Public Library to make a gift or to create an endowment in honor of someone special (including yourself.)
The legislation also allows you to make a gift in January 2011 for the 2010 tax year if you so choose. More Information.
Securities or Stock
Outright gifts of appreciated securities (stocks, bonds, mutual funds) are tax deductible at full fair-market value if the donor has owned the asset for at least 12 months. To avoid capital gains, you must provide the securities themselves – not the proceeds of their sale!
The Auburn Public Library uses Northeast Financial Services to process all gifts of appreciated securities. Donors should call Ms. Jeannine Tardif at
(207) 786-3245, extension 3502, for details and assistance with a gift of securities.
Creating a legacy with an Endowed Fund
The Auburn Public Library is grateful for the many people and families who have honored loved ones – both those who have passed away and those who are still alive, with an endowed fund. The APL uses the interest from our endowment to purchase books, to provide an ever-increasing array of programs and workshops, and to meet the Library's immediate needs.
All of our endowed funds are managed by the Maine Community Foundation, a non-profit based in Augusta, Maine. Currently, the APL Trustees draw down 4% of any interest earned in the prior year. This conservative strategy ensures preservation of the endowment principal for future generations of library users.
Endowed funds that have reached a minimum threshold are recognized through handsome, handcrafted, leather-bound faux books in our endowment bookcase prominently located on the main concourse. A different size represents each level ($5,000, $10,000 and $25,000.) The name of the endowed fund is engraved on the book in gold lettering along with the year the fund was established.
Endowed funds may be created with a gift of cash or securities, a pledge payable during a specific period of time or as part of your will, trust or other planned giving vehicle.
Contributions may also be sent to the Library in memory or honor of an individual for whom an endowed fund has already been created.
For more information on our endowed funds, contact Jim Wilkins, Director of Development at (207) 333-6640, extension 2023.