An endowment is an amount of money given to the Library Foundation of Los Angeles with a stipulation that the funds are to be retained and invested to generate annual earnings. The annual earnings can be directed to a restricted program of your choice.
Endowments can be established with cash gifts or gifts of stock, or may be funded with a series of gifts made over time. They may also be funded through a bequest.
Endowments are established through a minimum gift of $50,000.
Endowed gifts provide a continued source of assistance to the Library Foundation and create a lasting legacy for the donor. Endowment funds are named at the donor’s request, whether in their names, in honor or in memory of a loved one.
Because the principal of the endowment is never spent, such a gift represents an enduring tribute to the person honored by the fund.
When you donate appreciated stock to the Library Foundation of Los Angeles, you can receive significant potential tax benefits. Gifts of stock may be transferred electronically to the Library Foundation securely and conveniently. First, please call Rebecca Shehee at 213.292.6250 or Theresa Morrison at 213.292.6246 to let us know your gift is on its way. Be sure to provide your contact information, the date of transfer, the name of the stock, how many shares you are donating and how this gift should be directed (unrestricted, adult literacy, etc.). This notification is needed to track the transaction and provide a tax-deductible receipt to you for your gift. Then, contact your broker to inform them that you would like to make a gift of stock to the Library Foundation. Your broker will need the following information:
Please deliver by DTC to: Morgan Stanley
For: The Library Foundation of Los Angeles
Account # 197-168850-0-311
LFLA Broker’s Information: Matthew E. Ruderman (310) 285-2624
9665 Wilshire Blvd., Suite 600
Beverly Hills, CA 90210
For tax purposes, your gift will be valued at the average price (the mean between the highest and lowest selling prices) of the stock on the date of the transfer.
To receive credit for the current calendar/tax year, the electronic transfer from an account must be made no later than December 31.
Double—or even triple—your gift by donating through your employer’s matching gift program. Many employers sponsor matching gift programs for contributions made by employees—and sometimes retirees and spouses—to non-profit organizations.
If you are eligible to make a matching gift, please contact your employer for instructions and send your completed matching gift form to:
Library Foundation of Los Angeles
630 W. Fifth Street
Los Angeles, CA 90071
If your employer uses an online matching gift site, please send your gift to us, and visit the company’s website to request that a matching gift be made.
To learn more about matching gift programs, please contact Donna Kern, Development Associate, at 213.228.7500 or firstname.lastname@example.org.
The Library Store accepts donations of books, DVDs, videos, CDs, cassette tapes, and audio books. All proceeds from sales benefit the Los Angeles Public Library. If you have a donation of more than four boxes, please call 213.292.6264 to make delivery arrangements. Smaller donations can be dropped off during business hours: Monday through Thursday, 10 am to 7 pm; Friday and Saturday, 9:30 am to 5:30 pm; and Sunday, 1 pm to 5 pm.
The Bibliophiles is a planned giving society that recognizes the generosity of individuals who love the Los Angeles Public Library and help ensure that it remains vital to Los Angeles today, tomorrow, and beyond.
As the Library Foundation of Los Angeles’ oldest and most popular fundraising campaign, the Stay Home and Read a Book Ball provides an opportunity for people to support and promote the Los Angeles Public Library from the comfort of their home. Lovers of the Library receive invitations to participate and celebrate one of the City’s most vital institutions and what it means: free and open access to information, lifelong learning, and democracy. When they make “reservations” to this “non-event,” they donate gifts (amounts of their own choosing) to support the Library’s educational and cultural programs, including the award-winning speaker series ALOUD at Central Library.