Ways to Contribute

Leave a legacy of learning and connecting by remembering the Dripping Springs Community Library in your will. Making a gift through your will is one of the easiest ways to make certain libraries remain an essential part of our community now and in the future. We accept bequests, gifts of stock, life insurance, and retirement assets. You can give a percentage, specific amount, or remainder of your estate in your will.

By naming the Dripping Springs Community Library as the beneficiary of an IRA or other retirement account, you help further our mission while avoiding significant income or estate taxes for your heirs.

Please provide your estate planner with the following information:

Legal Name: Dripping Springs Community Library
Mailing Address: 501 Sportsplex Drive, Dripping Spring, TX 78620
EIN/tax ID number: 74-2943312

If you’d like to speak to someone about planned giving options, please contact us at donate@dscl.org. If you have already included the Dripping Springs Community Library in your estate plans, we hope you will let us know by emailing us at donate@dscl.org so we can thank you and learn how you’d like to be recognized.

Qualify for an income tax charitable deduction and avoid paying taxes on appreciated value.

How It Works

1. You transfer appreciated stocks, bonds, or mutual fund shares you have owned for more than one year to the Dripping Springs Community Library.
   
2. The Dripping Springs Community Library sells your securities and uses the proceeds for our programs.

Benefits

1. You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
   
2. You pay no capital gains tax on the transfer when the stock is sold.
   
3. Giving appreciated stock can be more beneficial than giving cash. The cost of your gift is often less than the deduction you gain by making it.

Upon your verification of transfer, please send an email to donate@dscl.org with the following:

1. The name, mailing address, email address, and phone number of the donor;
   
2. The name, symbol, and number of shares of the stock transferred; and
   
3. The actual date of transfer.

We will determine valuation based on an average of the high and low of the stock on the date of transfer, and send a formal letter of acknowledgment to the donor. If you transfer stock before December 31, you can claim the tax deduction on that year’s tax return.

If you’d like to speak to someone about stock donations, please contact us at donate@dscl.org for instructions

Support Dripping Springs Community Library with a Qualified Charitable Distribution from your IRA.

What are Qualified Charitable Distributions?

Qualified Charitable Distributions (QCDs) are distributions from your Individual Retirement Account (IRA) made directly to a qualified nonprofit organization, such as the Dripping Springs Community Library, without having the distribution counted as taxable income.

QCDs are also sometimes referred to as IRA Charitable Rollovers. Up to $100,000 in IRA funds can be counted as QCDs annually, or $200,000 for married couples.

Who is eligible to make a QCD?

Anyone above the age of 70 ½ can make a QCD. Once an IRA holder reaches the age of 72, they are required by law to make an annual withdrawal from their assets, which is known as a Required Minimum Distribution (RMD).

What are the benefits?

QCDs can reduce your income taxes. Normally, funds that are distributed from a Traditional IRA are includible in your taxable income, which is likely to increase your overall tax burden. In some cases, this additional income may also move you into a higher tax bracket.

However, QCDs are an exception to this rule—funds go directly from your IRA to your chosen charitable organization without going to you first, thereby lowering your adjusted gross income and effectively reducing your income taxes.

QCDs can satisfy Required Minimum Distributions. Required Minimum Distributions (RMDs) are amounts that you must withdraw annually from your Traditional IRA once you reach 72 years of age. If you do not withdraw your RMD, you will face a penalty tax of 50% of the required withdrawal amount. QCDs can be used to meet this RMD requirement and avoid penalties.

QCDs maximize your charitable impact. Because in most cases QCDs do not need to be recognized as income, charitable organizations receive the full amount of the transfer tax-free. It’s a win-win situation that both supports you and the causes you care about.

How can I make a QCD to the Dripping Springs Community Library?

Connect with your IRA custodian to inform them of your intent – your IRA custodian will need to process the QCD and send it directly to the Dripping Springs Community Library. Send an email to us at donate@dscl.org to inform us of your intent to support the Dripping Springs Community Library (many retirement providers do not provide donor information to the nonprofit recipient).

Please use our legal name and federal tax ID:
Legal name: Dripping Springs Community Library
Mailing address: 501 Sportsplex Drive, Dripping Spring, TX 78620
EIN/tax ID number: 74-2943312

Already supported the Dripping Springs Community Library through a QCD?

Have you already chosen to support the Dripping Springs Community Library through a QCD this year? We’d love to hear from you to allow us to thank you for your gift! Email us at donate@dscl.org.

Do you have a Donor Advised Fund (DAF)? Gifts from a Donor Advised Fund are a wonderful way to support our library and ensure they remain well-stocked with books, technology and resources to benefit everyone in our community. If you have or are planning to donate using your DAF, please let us know by sending us the information below.

• First and Last name
• Email
• Phone number
• Address

If you’d like to speak to someone about DAFs, please contact us at donate@dscl.org. Thank you for supporting our library!

Please Note:
Per IRS regulations, funds from a Donor Advised Fund cannot be used to pay for event sponsorships or tickets.

Celebrate and honor loved ones with gifts to the library they love. Gifts to honor individuals, or in memory of loved ones, are a wonderful way to strengthen our libraries while commemorating someone special.

To make an online gift in someone’s honor or memory, please type in the comments “Give in Honor/Memory” and the individual’s name.

Request a Matching Gift Form from your company and mail or email the completed form to the address below:

Dripping Springs Community Library
501 Sportsplex Drive
Dripping Springs, TX 78620

Email: donate@dscl.org