Ways of Giving
Giving Options
The Orono Public Library Foundation is a 501(c)(3) charitable organization recognized by the Internal Revenue Service. Your donation is tax-deductible to the extent allowed by law.
The Foundation accepts gifts of cash, securities, personal property, and deferred gifts. Gifts may be made in memory of someone or to honor a loved one.
Cash
A gift of cash is the easiest way to donate. Your cash gift is deductible up to 50% of your adjusted gross income. The deduction may be claimed in the year of the gift, or carried over for a maximum of five years. Your gift may be pledged over one, two, or three years.
Securities
A gift of appreciated stocks, bonds or mutual funds offers a substantial tax advantage for the donor. You can avoid capital gains and deduct the total value of the stock on the date the gift is received by the Foundation. Transfers are easy to arrange. For more information and for details on how to donate securities, please contact OPLF Board member Geoff Gordon at ggordon1@verizon.net or at 866-3696.
Planned or Deferred Gifts
A bequest allows you to maintain full control over your estate while providing the satisfaction of knowing your gift will ultimately benefit the Orono community. A charitable bequest can provide significant tax savings. Other planned gift tools include charitable remainder annuity trusts, charitable remainder unitrusts, and charitable lead trusts.
Please consult your attorney, accountant or tax advisor for details regarding the tax advantages of a particular gift of cash, securities, property or a deferred gift.
Naming rights
| $1,000 and up | All donations of $1000 and up will be recognized on a Donor Wall in the new library. |
$20,000 One of the Following |
- Mystery Alcove - Subscriptions Reading Area - Music Appreciation Area - Community Round Table Area - World Travel Area - Grow & Learn Area - Children's Reading Tree - Puppet Theatre |
$25,000 One of the Following |
- Children's Circulation Desk - Pine Street Landscaping - Read to Me Area - Adventure Reading Corner - Children's Cozy Corner - South Garden View Area |
| Pending | Blueberries for Sal Garden |
| Pending | World Globe Area |
| Pending | Outdoor Reading Arbor |
| Pending | North Reading Room |
| Named | South Reading Area - Hunting |
| $50,000 | Main Circulation Desk |
| Pending | Multi-Purpose Room |
| Named | Children's Wing - Durst |
$200,000 |
Adult Wing |
| $400,000 | The Building! |
