Charitable remainder trust
Under a charitable remainder trust, cash or other assets are transferred into an irrevocable trust which manages the assets and makes payments to you or your beneficiaries, either for life or for a fixed number of years.
Legacy Gifts
Our library is one of our city’s greatest assets. With a great legacy dating back to a gift from A.C. Burnham in 1896, the library continues to enrich life in our community. By including the library in my estate plan, I can help continue this strong tradition.
— Edith Ann Stotler
You can ensure a strong future for the library by including the Champaign Public Library Foundation in your estate plans. Your legacy as someone who cared deeply about your community can be established through any of the following methods:
Bequests
Make a bequest to the Champaign Public Library Foundation in your will. This can be done when you write the will, or you can easily add a codicil to an existing will. See our example of wording to use.
Bequests can be for specific amounts of money, specific assets, a percentage of your estate, or the remainder of your estate after all other bequests have been honored.
Life insurance & IRAs
Name the Champaign Public Library Foundation as a beneficiary of a life insurance policy or retirement account, such as an IRA.
Obtain a beneficiary designation form and name the Library Foundation as a full or partial beneficiary.
Gift of real estate
A residence, farm, vacation home, commercial property, or undeveloped land could be the basis of a significant gift to the Champaign Public Library Foundation.
Real estate can be used to make an outright gift or to set up certain types of planned gifts such as charitable remainder trusts. You can also make a gift of your home that allows you to continue to live there throughout your lifetime.
Recognition for your gift
We encourage you to let us know about your planned gift. Contact Brittany Millington, Library Director, at 217/403-2050 or librarian@champaign.org.