Planned Giving and Legacy Gifts
Many of the most significant legacy gifts to the Dover Public Library come from individuals who include a bequest in a will or through a trust. Some legacy gifts are started with a current gift and concluded with a bequest. Bequests can take several forms:
- Residual: You can choose to donate all, a part or a percentage share of the balance of your estate to the library after disbursements to your family and other beneficiaries.
- Specific amount: You can give a specific dollar amount or specific assets such as books or a special collection to the library.
- Contingent: You can designate that the library will receive all or part of your estate if your named beneficiaries predecease you.
A trust with a remainder bequest: You may choose to create a trust that provides income to named beneficiaries. Upon the death of the named beneficiaries, all or part of the trust assets are donated to the library.