2017 Year End Giving Guidelines

Maximum tax benefits depend on timing. Here’s how to complete your 2017 gift to the Charlotte Mecklenburg Library Foundation by year end.

 
Your gift by check

US Postal Service

  • Date your check on or before Dec. 31, 2017, and
  • Mail via U.S. Postal Service with postmark on or before Dec. 31, 2017.
  • Gift checks mailed via U.S. Postal Service with postmark and check date on or before Dec. 31, 2017 will be counted for 2017 regardless of when they are received at the Charlotte Mecklenburg Library Foundation.

The address for mailing, shipping, or hand-delivery of your check:

Charlotte Mecklenburg Library Foundation
attn: Teleia White
310 North Tryon Street
Charlotte, NC 28202

Other Delivery

You can hand-deliver a check to any Library branch by December 31, 2017.

  • Date your check on or before Dec. 31, 2017, and
  • Hand-deliver your check to a Library staff member by 5 p.m., on Sunday, Dec. 31, 2017.
  • Place your check and printed giving form in a sealed envelope addressed to Charlotte Mecklenburg Library Foundation.

Questions about your gift by check? Email twhite@cmlibrary.org or call 704-416-0803.

 
Your gift by credit card

The way you send your gift determines the deadline, since your credit card gift is effective for tax purposes on the date the card is charged (processed by the Foundation).

Credit card gifts by telephone

  • Deadline is 5 p.m. (Eastern Standard Time) on Friday, Dec. 29, 2017
  • Call 704-416-0803

Credit card gifts online

Questions about your credit card gift? Email twhite@cmlibrary.org or call 704-416-0803.

 
Gifts of Stock

The holiday season is an excellent time to invest in your Library and leverage charitable tax benefits before the end of 2017. If you are considering a gift, appreciated securities may be a great option for you. Donating stock can help you avoid capital gains tax and you are able to deduct the gift as a charitable donation at its fair market value. It’s a smart and simple way to invest in community literacy, lifelong learning and access to opportunity offered by your Library.

Electronic securities transfer
  • Your electronic transfer of securities from a brokerage account is complete when the securities have been received by an account owned by the Charlotte Mecklenburg Library Foundation. Important: These gifts are not considered complete upon giving instructions to a broker.
  • Your electronic transfer gift is counted for tax purposes only when it is complete (see above).
  • Initiate your transfer early. It is wise to allow several weeks. While some transfers may be received within days of your instructions, longer delays are possible, especially at year-end.
  • Deadline: Your electronic transfer must be received by 11:59 p.m., on Friday, Dec. 29, 2017.
  • Gifts of securities may be wire transferred from your bank or brokerage account to the Charlotte Mecklenburg Library Foundation account at BB&T. Please ask your broker to provide the transfer agents with your name so we can identify and acknowledge your gift.

Account Name: Charlotte Mecklenburg Library Foundation

BB&T Brokerage Account Number: 16611400

DTC: 0702

Questions about transferring any gift of securities (stocks, bonds, mutual funds)? Contact Teleia White at 704-416-0803 / twhite@cmlibrary.org or Jenni Gaisbauer at 704-416-0801 / jgaisbauer@cmlibrary.org

 

Plan ahead to maximize benefits of your 2017 gift to the Charlotte Mecklenburg Library Foundation

Maximize your tax benefits. Begin early to evaluate the charitable gifts you have made this year, and those you are considering. Allow time to consult financial advisors and to complete all necessary steps in time to count your gift for the 2017 tax year.

Your qualifying 2017 contribution will help the Charlotte Mecklenburg Library create a community where reading, learning and imagination thrive.

 

Other questions about your year-end gift?

Call Jenni Gaisbauer at 704-416-0801 or email at jgaisbauer@cmlibrary.org.