Support the Library
While public funding makes it possible for the Cranbrook Public Library to open its door, it thrives because people love it. Each year, people make generous donations that make it possible for the Library to acquire more collection items, enhance programs and refresh furnishings.
The Cranbrook Public Library Endowment Fund gives people an opportunity to create a meaningful legacy, while building a strong foundation in the present for the future of the Library.
In 2015, the Library raised over $10,000 to establish the endowment fund. Now it is working to build the fund further so it can support the Library’s initiatives to better serve its community.
The donation, called capital, is invested through the Community Foundation of the Kootenay Rockies. Each year, the Library receives the growth revenue that the capital earns. The capital never gets touched, so it continues to grow year after year. As the value of the capital in the endowment fund grows so does the amount of growth revenue that the Library receives.
This revenue provides stable ongoing funding the Library can use to create innovative programs and services that will help meet our community’s changing information and reading needs well into the future.
When you give a cash donation you decide whether the Library will benefit from it right away or whether it will contribute to future innovations by placing it within the endowment fund. Either way, you receive a charitable tax receipt for any donation over $20. Some employers will match your donation, in effect doubling your gift. Check with your employer if they offer this kind of program.
You can support the Library with legacy gifts that don’t impact the way you currently live, and may significantly lower the cost of giving. Estate planning professionals can help you establish a gift that takes full advantage of tax considerations. This minimizes the impact of your gift on your family’s security and lifestyle while it maximizes the benefit to the Library. Contact the Cranbrook & District Community Foundation directly if you want to look at making one of these donations. They will help you set up your gift.
You can add a gift to the endowment fund into your will and create a lasting legacy to support the Library.
Publicly Listed Securities
Donating publicly-traded shares is a tax-efficient way of making a gift.
Gifts of Life Insurance
You can designate the Cranbrook Public Library Endowment Fund as a beneficiary of your insurance policy. This creates a charitable gift that may also result in considerable tax savings.
Gifts of Retirement Plans
You can make a charitable gift of your R.R.S.P. or R.R.I.F. and completely eliminate all the deferred taxes.
Gifts of Property
You will get a charitable tax receipt for the market value of any property you donate.
Volunteers help libraries keep their costs down and serve the community better. Volunteers provide a unique and vital role in the delivery of library services in our community.
We are committed to offering a variety of enticing volunteer opportunities for both adults and teens at Cranbrook Public Library. Please see our Jobs & Volunteering page for more information.
Friends of the Library
Join the Friends in fundraising and supporting library initiatives. Learn More About the Friends