Make a gift to Rochester Hills Public Library to celebrate a special occasion, in honor of a friend or relative’s special day, as a thank-you gift, or just simply to give back.

Donations can be marked as an undesignated gift, a contribution to the Rochester Hills Public Library Endowment Fund, or can be given for a specific collection or book. Books made in honor of someone will be acknowledged with a bookplate and gift notification letter to the recipient.

Make a memorial donation in memory of a loved one.

Donations can be marked as an undesignated gift, a contribution to the Rochester Hills Public Library Endowment Fund, or can be given for a specific collection or book. Books made in memory of someone will be acknowledged with a bookplate and a gift notification letter that can be sent to a person of your choosing, if you wish.

Planned giving is a way to make a lasting and meaningful contribution to learning, literacy, and opportunity. Your gift enables Rochester Hills Public Library to continue its mission of providing resources to inform, educate, enlighten, and entertain the people of our community.

Gifts to certain tax-exempt charitable organizations may be deducted for income, gift, and estate tax purposes. Below are some available options for making a planned gift to RHPL. Discuss the following options with your financial advisor or attorney and choose the best option for you and your tax planning.

Cash Donation

A simple way to give and allow a charitable deduction on both your federal and Michigan income tax.

Endowments

Donors wanting to honor an individual may wish to establish an endowment fund. These donations are given to the library for investment and can be designated to support certain areas of library operations, such as collections, materials, programs, and any other library-related endeavors.

Bequests

Establishing a bequest in your estate planning allows you to offer substantial support for the library or for a specific collection, program, or service.

Qualified charitable distributions from IRAs (QCDs)

QCDs allow donors to make contributions using IRA required distributions tax-free so long as they are transferred directly to a public charity.

Donor-advised funds (DAFs)

DAFs are managed by third-party organizations and allow donors to deposit assets such as cash, stocks, IRA funds, and life insurance over time to benefit chosen charities. Donors are frequently eligible for tax breaks. DAFs can also be passed down through bequests and donors can remain anonymous in their contributions.

Private Foundations

Donors wishing to create a lasting legacy of philanthropy can establish a private foundation, which allows for direct control over funding, investments, grants, and management. Private foundations usually require a large initial endowment and must meet certain criteria established by the IRS.

Charitable Trusts

Trusts allow donors to give to the library while still providing benefits to the donor or their beneficiaries. They can be set up as Charitable Remainder Trusts (CRT) or Charitable Lead Trusts (CLT). CRTs provide income to the donor or beneficiaries over a set period of time while the charity receives the remainder interest. CLTs provide income to the charity for a certain number of years after which the donor or beneficiaries receive the remainder interest.