Some Notes About the Library’s Annual Fund
In the next few weeks you will be receiving a request to contribute to the Library’s Annual Fund. The Town of Hopkinton and the State of Rhode Island contribute only 68% of our annual operating budget and the Board of Trustees is responsible for finding the remaining funds. Fundraising events like our annual book and plant sale help but we count on the Annual Fund to provide a good portion of the deficit.
*Even though the tax law has changed your Library’s needs haven’t. The Ashaway Free Library is a 501(c)(3) non-profit organization. Whether or not you itemize your charitable deductions, we hope you will feel pride in supporting this important community resource.
*Are you a regular participant in the United Way Fund drive? Did you know that you can designate the Ashaway Free Library as a charity that benefits from your contribution?
*Ask whether your employer participates in matching funds for your charitable donations and ask what forms are required. Lots of our loyal supporters double their contributions in this way.
*Consider becoming a “sustaining supporter” by calling the Library to arrange a monthly credit card deduction. It’s relatively painless and a small monthly amount adds up to a generous annual donation.
*If you are over 72 years of age you are required to take a minimum distribution from your retirement account. If you give a portion of this money to charity (the Ashaway Free Library!!) you don’t have to pay income tax on the amount donated. Ask your financial institution about how this works.
*Do you struggle to find an appropriate gift for some friends and family? How about a donation to the Library in their honor? We’ll gladly send them a card noting your generosity in their name. This is a great gift idea for teachers, caregivers, Mother’s Day, Father’s Day, birthdays. (Editor’s note: My favorite Christmas present this year was a small check made out to the AFL in my honor by my oldest grandson employed in his first real job.)