Friends of the LeClaire Community Library Endowment
 
Endowment Update (as of January 2008):
  • The Endowment Team is proud to announce that we met our first goal of raising $10,000 by the end of 2007 in order to receive a $5000 matching donation. We are now $600 into our next round of fundraising, so only $9,400 left to gather by June 30, 2008 in order to receive the second $5000 matching donation for a total of $30,000!
     
  • To make a donation or for additional information you may contact Wanda Gardner at 289 – 6002.

The Friends of the LeClaire Community Library is pleased to introduce the newly established
“Friends of the LeClaire Community Library Endowment.”

In partnership with the Community Foundation of the Great River Bend, the Library
created this endowment for the benefit of the entire community.  Not only will it strengthen
the Library, it will provide a source of stability and allow for enhancement of programs and
services provided to those who use and enjoy the Library today, and those who will use and
enjoy our wonderful Library for many generations to come.

The timing of this new venture for the Library could not be better.  The Library has two great
opportunities that significantly impact both the individuals who choose to make a gift to the new
endowment, and the Library itself:

  • A Matching Grant Incentive Available ONLY for the LeClaire Community Library : 
    An anonymous donor has offered an incentive for the Library to grow its endowment.  If
    the Library raises $10,000 by December 31st, 2007 and a additional $10,000 by June 30th,
    2008 this donor has offered to match these donations $1 for $2. In other words, if the Library
    endowment can raise $20,000, we will enjoy a $10,000 match from the anonymous donor,
    therefore allowing our endowment to reach $30,000! 

  • Endow Iowa Tax Credit .  Iowa residents, who make gifts to endowment funds held by
    Community Foundations for Iowa-based nonprofits, qualify for the 20% Endow Iowa income
    tax credit.  That tax credit is in addition to any income tax deductions received for the gift. 
    That means that donors can significantly save in taxes by making a gift to this newly
    established fund.

There are several ways to make a gift to the Friends of the LeClaire Community Library
Endowment:

  • Cash
  • Gifts of Appreciated Stock
  • Bequest
  • Gift through an IRA or other Retirement Plan
  • Other Planned Gifts
  • Endow Iowa Tax Credits

To learn more about each of these options, click here to download a document in Adobe PDF
Format. To download the Adobe PDF Reader, click here. You may also contact the Community
Foundation of the Great River Bend at: 563-326-2840 or www.cfgrb.org.

The Friends of the LeClaire Community Library Endowment Committee encourages you to consider
taking part in the endowment and the many unique opportunities it offers for you, and for the
community.  To make a donation or for additional information you may contact Wanda Gardner
at 289 – 6002.

Together, we can succeed in meeting these wonderful challenges!

“We make a living by what we get, but we make a life by what we give.”
--Winston Churchill

 


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