Generous support from individuals, foundations, and corporations provides funding to expand the Pope County Library System and promote literacy, an investment in Pope County. Literacy increases income, employment, and health, among other benefits. The 2003 National Assessment of Adult Literacy estimates that 14% of Arkansans 18 and over lack basic prose literacy skills. Food insecurity in Pope County is 18%.
Whether you're a pocket change philanthropist or want to leave a legacy, your gift will make a difference to the Citizens of Pope County and help raise literacy rates through building expansion and programming.
Generous support from individuals, foundations and corporations provides funding to expand the Pope County Libraries and fund programs that promote literacy an investment in Pope County. Literacy increases income, employment, and health among other benefit. The 2003 National Assessment of Adult Literacy estimates that 14% of Arkansans 18 and over lack basic prose literacy skills. Food insecurity in Pope County is 18%.
A planned gift to the PCLS Foundation allows you to create a legacy for your community while meeting your own financial and personal objectives.
Depending on your circumstances, you may be able to:
· Reduce income, gift and estate taxes
· Secure a source of cash flow for the rest of your life.
· Reduce oreliminate capital gains taxes.
A charitable bequest is a gift one leaves in their will. On making a bequest, donors are often able to make greater contributions than they could otherwise have afforded during their lifetime while providing an ongoing legacy.
Cash. Charitable gifts are most often made in the form of cash or checks. When you itemize your tax deductions, gifts of cash may be used to eliminate federal income tax on up to half of your adjusted gross income (AGI). You may enjoy state income tax savings as well.
Items and Supplies. The Pope County Library System takes donations of craft and programming materials, books, games, and DVDs. Games should have all pieces included. We do NOT accept textbooks, encyclopedias, or items that have been water damaged. Any donations that CANNOT be added to and used in our collection, will be processed through the PCLS Book Store. The proceeds made from the PCLS Book Store go toward programming.
Securities. Giving securities (individual stocks, bonds, or mutual fund shares) that are worth more than they cost can bring additional tax savings. Gifts of such property are generally deductible from income tax at full current value if owned for longer than one year, can be used to offset tax on up to 30% of your AGI.
Gifts from retirement plans. Retirement plan assets can be a practical source from which to make gifts. Unlike many other types of investment accounts, amounts withdrawn from retirement accounts are taxable to you and eventually to your heirs, if left to them.
If you are over 70, and have an IRA, you may want to consider making charitable gifts directly from these funds. Amounts given in this way for charitable purposes are not taxed as income to you and represent a way to make completely tax-free gifts.