Gifts of cash are among the most popular ways of giving to non-profit organizations such as the Russell Library. Qualified charitable distributions from IRA accounts are particularly desirable for donors over the age of 70.5 years.

Gifts of appreciated securities or bonds may prove more advantageous than gifts of cash. They not only generate a charitable income tax deduction but may also eliminate the capital gain tax.

Gifts of real estate can be used as a gift with retained life use, or to fund a life income agreement. If used to fund a life income agreement, once you have deeded the property to the Russell Library Company, trustees of the library will manage its sale, relieving you of that burden.

Gifts of closely held stock or other business interests can be converted into cash, benefiting both you and the Russell Library. 

General Bequest: A bequest, such as cash, which may be satisfied from the general assets of the estate.

Specific Bequest: A bequest of a particular specified class or kind of property, such as designated securities, items of tangible personal property, or real estate.

Residuary Bequest: A portion, or all of the remaining estate after payment of debts, expenses, general bequests and specific bequests.

Contingent Bequest: You can direct that property bequeathed to a specific person be directed to the Russell Library should that beneficiary not survive you.