About the Foundation
Independent, 501(c)(3) organization with its own governing board.
Manages the library endowment fund to support library needs that go beyond those funded by the City of Port Townsend or the Friends of the Port Townsend Public library.
Gifting to the Foundation
Gifts to the Foundation can be used in 4 different ways --
Unrestricted Donations: Allow the Foundation to use your gift wherever the need is greatest.
General Endowment Plan: Used to grow the fund and generate income that will be contributed annually to the library for a broad range of needs.
Capital Endowment Fund: Supports long-term capital construction projects and facilities improvements.
Legacy (Planned) Giving: Some commonly used legacy/planned giving options include Bequests, Charitable Trusts, Transfers from Retirement Plans, and Gifts of Life Insurance.
Gifts can be cash and/or property, gifts through corporations, memorial gifts, charitable trusts, retirement plan assets, or bequests in wills.