About the Endowment

The Ashe County Public Library Endowment was established in 2010 to supplement the funding the library receives from the County of Ashe and the State of North Carolina. A capital campaign to furnish and equip the library during a major renovation and expansion in 2008-2009 generated enough revenue to provide seed money for the endowment, creating a sustainable source of alternative funding that will enhance library services for many years to come.

The endowment cannot be used for operating expenses (e.g., salaries and utilities), and as such is not intended to take the place of state and local funding. Rather, annual distributions from the endowment may provide extra money for books and other materials, or for programs, services, and special projects not covered by the library’s regular budget. The endowment will complement rather than replace the support provided by the Friends of the Library.

The endowment is managed by the Ashe County Community Foundation, an affiliate of the North Carolina Community Foundation.

Giving

What to Give

The North Carolina Community Foundation accepts many types of charitable gifts, which are tax-deductible to the fullest extent allowed by law. Among the types of contributions that can made to the Ashe County Public Library Endowment are:

• Cash (or checks) – often the simplest and most convenient form of gift
• Publicly traded securities (equities, bonds, mutual funds)
• Closely held stock*
• Real estate*
• Tangible personal property*

*These require prior approval and may have other conditions of acceptance.

Ways to Give

In addition to the types of contributions listed above, there are many other ways a donor may contribute to the Ashe County Public Library Endowment. Many of these methods involve planned gifts or estate planning, which may provide donors and their heirs the benefit of lower income and estate taxes.

• Gifts by will or testamentary transfers
• Charitable remainder trusts
• Charitable lead trusts
• Retirement plan assets
• Life insurance
• Private foundation transfers

Make a Contribution

If you would like to make a contribution to the Ashe County Public Library Endowment, you may:

• Make your gift online
• Mail or bring your check to the library

Please make checks payable to the North Carolina Community Foundation with “Ashe County Public Library Endowment” in the memo line. The North Carolina Community Foundation is a 501(c)(3) nonprofit, so all gifts are tax-deductible to the fullest extent allowed by law.

Thank you for supporting the Ashe County Public Library!