Donor Recognition Levels
All level of recognition will be permanently recorded. The Friends level and above will be displayed on the donor wall. All donations are tax deductible.
ContributionsContributions may take the form of:
- Gifts of cash
- Gifts of property
- Gifts of stocks or securities
- Gifts through corporations or businesses
- Bequests through wills or life insurance
Questions and Answers
Are gifts exempt from federal and state taxation?
A. Yes. However, in case of a gift involving a large sum of money or an estate, we recommend consulting an attorney or financial advisor.
Who determines how the monies will be spent?
A. The Board of Directors of the Lake City Library Foundation.
Do funds provided by donors replace tax dollars normally provided for the operation of the library?
A. No. Funds are to provide for things outside the daily operation of the library. For example: improving technology, special equipment, and special programming needs.
Whom should I contact about making a donation?
A. The Library Director or any member of the Library Foundation.
What role does the City of Lake City have in funding the library?
A. The City of Lake City funds staff salaries and the library operating budget.