Legacy Giving
CREATE A LEGACY FOR YOUR COMMUNITY
By including the Sno-Isle Libraries Foundation in your estate plans, you ensure public libraries continue to thrive and serve as cornerstones of democracy. Anyone can be a planned gift donor, regardless of means or age. Planned gifts come in many forms without affecting the donor’s current financial resources.
SNO-ISLE LIBRARIES
LEGACY GIVING CIRCLE
Planting the roots for the future of our libraries.
Legacy donors understand the extraordinary value of libraries and their benefit to future generations. All individuals who include the Sno-Isle Libraries Foundation in their estate plans are automatically enrolled in our Sno-Isle Libraries Legacy Giving Circle. This includes those who gift assets to the Foundation in their wills and/or designate the Foundation as the beneficiary of retirement plans, life insurance plans, Charitable Gift Annuities, or Charitable Remainder Trusts. Benefits include invitations to special events year-round and recognition in our publications.
“Robust public libraries are vital and treasured assets in our communities. As lifelong learners and career librarians, we value the benefits provided to all residents, including abundant and diverse collections and the free flow of information. We have included the Sno-Isle Libraries Foundation in our wills to help ensure library funding for future generations.“
- Tom Mayer & Jeanne Thorsen, Sno-Isle Libraries Legacy Circle Members
Please contact us at Foundation@sno-isle.org or 360-651-7074 to discuss your planned giving options and learn more about including the Foundation in your estate plans. We welcome and appreciate gifts of any size and invest all contributions in innovative library programs, services, and capital improvements. The Sno-Isle Libraries Foundation is a 501(c)(3) non-profit organization with Tax ID # 91-2010318. All gifts are tax-deductible to the extent permitted by law.
If you've already included the Foundation in your estate plans or plan to do so, please fill out our confidential commitment form to ensure we fulfill your wishes and you are invited to upcoming events. Note that completion of this form is a notification of intent only and is not intended to be legally binding. Fill out our online commitment form or download it here and mail it back to:
Sno-Isle Libraries Foundation, 7312 35th Ave. NE, Marysville, WA 98271
ESTATE PLANNING WEBINARS
Join our FREE online estate planning webinars to learn about a variety of estate planning topics. Click the button below to RSVP for upcoming webinars, and view past webinar recordings.
TYPES OF LEGACY GIFTS
GIFTS IN YOUR WILL
A bequest is one of the most flexible ways to have a lasting impact on your library. You can include a gift to the Foundation in your will or living trust designating a specific amount, a particular asset, a percentage of your estate, or the remainder of your estate once all your other bequests have been fulfilled. With a bequest, you maintain complete control of your assets during your lifetime and can save on income, capital gain, and estate taxes.
BENEFICIARY DESIGNATIONS
You can designate all or a portion of your insurance policy, or your bank, investment, or retirement account annuity to the Foundation. A beneficiary designation can reduce income and estate taxes leaving more for your loved ones.
GIFTS FROM YOUR IRA
Your Individual Retirement Account is a great way to make a tax-wise gift to the Library. If you are age 70 ½ or older, you can contribute up to $100,000 per year from your IRA without any income tax on the withdrawal. Let your IRA administrator and the Foundation know you wish to make a qualified charitable distribution to the Sno-Isle Libraries Foundation. Your qualified charitable distribution will count toward your annual required minimum distribution.
ENDOWMENT GIFTS
An endowed gift is a self-sustaining, permanent source of funding for the Library. Endowment assets are kept in investment funds, and each year, a small portion of the fund is paid out to support the fund’s purpose. Earnings in excess of this annual distribution are used to build the fund’s market value. In this way, an endowed fund can grow and provide support for its designated purpose in perpetuity. When you establish an endowment fund, or give to an existing endowment, you create a permanent legacy of support for Sno-Isle Libraries.
The Legacy of John & Betty Parks
In 2023, the Foundation received a $1.8 million bequest in support of the Snohomish Library from the estate of philanthropists John & Betty Parks.
John & Betty were longtime Snohomish residents and library patrons who cared deeply about their community. During their lifetime, they chose to set up a trust to ensure their wishes were fulfilled after their passing. Their forward-thinking, transformational gift will have a profound impact on the Snohomish community for generations to come.
The Nysether Family Collection
The Nysether Family Endowment was established by brothers Mark and Brad Nysether and their families in honor of their parents, Eldon and Shirley Nysether. Each year proceeds from the endowment help enhance a different area of the Library collection.
Browse the complete Nysether Family Collection here. To the left, 2024 book acquisitions with a focus on space and astronomy.
Our Partners
Thank you to our corporate and community partners for their generous support!
©2023 Sno-Isle Libraries Foundation
7312 35th Ave NE
Marysville, WA 98271
360-651-7074 (local)
877-766-4753 ext. 7074