If you have any questions about our endowments or considering the Foundation in your estate planning, please contact Erica Bradley at 562-628-2441 or Erica@lbplfoundation.org.
There are many ways to include the Long Beach Public Library Foundation in your will or trust. We encourage you to work with an attorney or estate planning professional on a plan to meet your needs. You can establish a new will or trust or amend your existing document.
For bequests of cash, below is sample language to direct your legacy gift to the Long Beach Public Library Foundation:
“I give to the Long Beach Public Library Foundation located at 101 Pacific Avenue, Long Beach CA 90822, the sum of $_______ or an amount equal to _____% of the total value of the assets of me (trust) estate, to be used solely and exclusively for the benefit of the [Long Beach Public Library, Main Library, or branch library] to support [area of greatest needs, or a specific program] These funds shall be used to enhance rather than replace City funds budgeted for library services.”
You may also name the Library Foundation as a beneficiary of your retirement account or life insurance policy. In this case, you will need to complete a new beneficiary designation form and return it to the financial institution. If you wish to direct your estate to a specific branch or program, please contact the Library Foundation so we can ensure that your intentions are fulfilled.
Carnegie49 honors those who care deeply about the future of Long Beach’s public libraries, and name the Long Beach Public Library Foundation as a beneficiary of their estate. Estate Gifts can ensure the ongoing provision of specialized programs that are dear to you as a donor. When you join Carnegie49, the Long Beach Public Library Foundation is able to thank and honor you during your lifetime. Your membership also helps inspire others to make similar donations. For more on the origin of Carnegie49, visit our blog.
Carnegie49 members receive:
You are invited to become a member of The Gutenberg Society – donors to an endowed fund creating a legacy of books for the Long Beach Public Library.
Your gift of $1,000 or more to the fund will be invested for at least one year before the income is used. Thereafter, once a year – and for generations to come – the income from each $1,000 gift will be used to purchase a library book with a bookplate recognizing the donor or an honoree of the donor’s choosing. You will receive a letter each year letting you know which book was purchased with your gift, and you will add to the growth of an ongoing financial resource creating an ever-growing collection of books for the Long Beach Public Library.
The books purchased with these funds come from the Library’s wish lists, and are eagerly reserved by library patrons when they become available. The Gutenberg Society of the Long Beach Public Library Foundation offers an opportunity to touch lives now and long into the future.
Give a Gift That Lasts Beyond a Lifetime
An endowed gift to the Long Beach Public Library Foundation ensures that your contribution will continue to help the Long Beach Public Library for many generations to come. There are several ways to make an endowed gift:
Our current endowments support the following focus areas: Family Learning Centers, Books and Materials (including our Gutenberg Society Endowment), Literacy, Senior Services and the Library’s Greatest Needs.
Endowed gifts are managed and invested in accordance with the Long Beach Public Library Foundation’s endowment investment policies. The total return earned in excess of the amount approved annually for payout will be retained in the endowment principal to protect from the effects of inflation and to allow for growth. At the discretion of our Board of Directors, when the payout is not needed for purposes of the fund, the return of payout may be added to the endowment fund principal. In the event the fund does not reach endowment minimum; or the program ceases to exist, proceeds from the fund will be utilized in an area and manner as closely related as possible to the original intent and purposes for which the fund was established.