The Westlake Porter Public Library Foundation Endowment Fund provides ongoing financial assistance to the WPPL Foundation and its programs. The Fund is held and managed by the Cleveland Foundation, which invests these gifts for greater return on investment and prudent growth.
The mission of the WPPL Foundation is to ensure long-term support for the Westlake Porter Public Library, so that current and future generations within the local community may benefit from the library's many programs and services.
How can I help the Westlake Porter Public Library Foundation?
Cash or stock gifts are simple to make and immediately effective. All cash contributions are tax-deductible (up to 50% of a donor's adjusted gross income.) Appreciated assets can include stocks, bonds, mutual funds and real property, and are tax-deductible up to 30% of adjusted gross income.
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Bequest - An outright bequest to the WPPL Foundation is the simplest way to provide for a future gift. The WPPL Foundation can assist with specific bequest language that can be included in your will or trust.
Charitable Gift Annuity - This is an irrevocable gift that returns a stream of payments to the donor or beneficiary. The donor qualifies for a charitable tax deduction for part of the gift, while payments may receive favorable tax treatment.
Life Insurance Policy - Unused life insurance policies make excellent charitable gifts. Please contact the WPPL Foundation for more information.
Charitable Remainder Trusts - These allow donors to make gifts using payment options that best meet their needs. Remainder Trusts are flexible enough to permit use of a variety of assets including cash, securities and real property. The payments also may have some tax benefit to the recipient.
Charitable Lead Trusts - Through these lead trusts, donors can support the charitable needs now, and the remaining assets can be transferred to other individuals or even to themselves at a future date. Assets in the lead trust would come to the WPPL Foundation for a fixed number of years or over a donor's lifetime.
For more information about the WPPL Foundation, please contact Andrew Mangels at (440)871-2600.