Shape the Future with Your Legacy Gift

A legacy is more than a gift. It is an expression of your passion and the things that matter the most to you. 

A carefully planned gift empowers you to help support and enhance the future of the Kellogg-Hubbard Library exactly as you wish.

 

Planned gifts take many forms and can reduce income and estate taxes, and help to fulfill your personal charitable objectives. How you choose to structure your gift to the Kellogg-Hubbard Library depends on your goals and timeline. To explore the kinds of planned gifts you can make, consider the options below, or download the information here.

 

If you’re ready to make your legacy gift, print a Bequest Intention Form here.

Options for Making a Planned Gift

Bequest/Legacy Gift

One of the simplest ways to make a planned gift is to include a statement in your will or living trust that a share of your estate will be distributed to the Kellogg-Hubbard Library.

 

Bequests are deductible as charitable gifts for estate tax purposes and can include most assets.

 

Designate the Kellogg-Hubbard Library to receive a specific dollar amount, property, percentage or residual amount of your assets in your will.


Advantages:

  • Flexibility to change your mind

  • Offers continued access to your money

  • May reduce taxes on your estate

Retirement Assets, Life Insurance, Bank Accounts

Designate the Kellogg-Hubbard Library as beneficiary on retirement assets, life insurance, bank accounts and other investment accounts.

 

Advantages:

  • Does not require changing will/trust

  • 100% of funds available to KHL, without incurring any tax for your other beneficiaries.

Logistics for Gifts in Your Will

 

We want to be sure we can carry out your wishes. To ensure your bequest comes to the Kellogg-Hubbard Library, include our full legal name and our federal tax identification number in any documents about your legacy gift:

 

Legal Name & Address:

Kellogg-Hubbard Library
135 Main Street
Montpelier, VT 05602


Federal Identification Tax Number:

03-0181056


SAMPLE LANGUAGE:

 

I hereby give, devise and bequeath to the Trustees of the Kellogg-Hubbard Library dollars ($ ), or percent ( %) of my estate, to be used for the benefit of Kellogg-Hubbard as the Trustees thereof may direct.

 

 


Every person who is preparing an estate plan should seek the advice of their attorney and financial advisor before executing a will or living trust. To learn more about making a planned gift to the Kellogg-Hubbard Library contact Katelynn Averyt, Development Coordinator at 802-223-3338 ext. 211