You can make a bequest to E.C. Scranton Memorial Library by including language in your will or living trust or by designating the library as a beneficiary of your retirement plan or life insurance policy.
Update your retirement plan beneficiary designation to include E.C. Scranton Memorial Library, EIN# 06-0726490. It takes minutes to contact your plan administrator or complete the change of beneficiary form online.
E.C. Scranton Memorial Library
801 Boston Post Road
Madison, CT 06443
Federal Tax ID#: 06-0726490
Sample language for you to include in your will or living trust:
Percentage: “I give _________ percent (____ %) of the residue of my estate to E.C. Scranton Memorial Library, 801 Boston Post Road, Madison CT 06443 for the general use and purposes of the Library.”
Specific Amount: “I give the sum of _________ dollars ($________) to E.C. Scranton Memorial Library, 801 Boston Post Road, Madison CT 06443 for the general use and purposes of the Library.”
Entire Residue: “I give to E.C. Scranton Memorial Library, 801 Boston Post Road, Madison CT 06443, all the rest, residue, and remainder of my estate.”
Remembering Scranton Library with a bequest from your estate will help sustain the library for generations to come. Some advantages of creating a bequest include:
- A bequest costs nothing now, yet gives you the satisfaction of knowing you are providing for Scranton Library in the future.
- You retain control of and use of your assets during your lifetime.
- You may modify your bequest if your circumstances change.
- Gifts to Scranton Library from your estate are exempt from federal estate taxes.
The E.C. Scranton Memorial Library is a 501 (c)(3) non-profit organization and donations are
tax-deductible to the full extent allowed by law.
Unrestricted gifts to Scranton Library are appreciated and will be directed to the most pressing needs of the Library at the time the gift is received. While unrestricted gifts allow the Library to allocate funds to areas of greatest need, bequests may be designated for a particular purpose or for specific programs, projects, or materials. In order to ensure that the evolving needs of future generations of library users are met, it is advisable to include the following language with restricted gifts:
“In the event that at some future time due to changed circumstances, in the judgment of the Scranton Library Board of Trustees, it becomes impractical to apply my bequest to the designated purpose(s), the Scranton Library Board of Trustees shall make such modifications as will appropriately recognize my interests in coordination with library priorities.”
We encourage you to share your plans with us so we may thank you now for your generous commitment to Scranton Library.
For additional information, please see our Gift and Donation Policy.