We gratefully accept monetary contributions to our Building Fund. Donate online through PayPal at:
To donate by mail, download this form and mail to:
Stanley Community Library
P.O. Box 230
Stanley, ID 83278
Checks should be made out to the Stanley Community Library and please designate gifts to the Building Fund. Thank you for your support.
Donations received from September 1, 2011 through March 1, 2013 will receive recognition in our Library building project memory book and in a full page Challis Messenger ad.
Donors giving $250 or more will be honored in a donor recognition display in the new library:
$250 to $999 – Community Supporter
$1,000 to $2,499 – Community Builder
$2,500 to $9,999 – Community Partner
$10,000 to $24,999 - Community Patron
$25,000 and above – Community Leader
Donors giving $25,000 or more have the option of naming a section of the library:
multipurpose room, children’s area, young adult area, computer area, fireplace reading area, or stacks.
Tax Benefits for Gifts to the Library
The Idaho Tax Code allows a substantial tax credit for contributions to a variety of educational institutions, including public libraries.
Under the tax credit provision, an Idaho resident taxpayer may receive a reduction of his/her state income tax bill by up to 50% of any contribution to the library. The credit is capped at $500 for individual taxpayers, $1,000 for couples, and cannot exceed one half of the taxpayer’s total Idaho income tax liability. As a result of this credit, a couple donating $2,000 to the library could reduce their Idaho income tax bill by as much as $1,000.
In addition, the donor receives the usual state and federal charitable gift tax deduction. See this ruling of exemption from the IRS, which also lists the library’s EIN, public charity status, and confirmation that contributions to the library are deductible.
The combined effect of the tax credit and the tax deduction may reduce the net cost of a $2,000 gift to significantly less than $1,000, in some cases to less than $600. See the WHAT A DEAL! fact sheet about tax credits for contributions to public libraries.
Before claiming this credit, you should consult your tax advisor.
To discuss other ways of supporting the library Building Fund–including multiple-year pledges, gifts of stock, or gifts of other assets–please contact Trustee Julie Rember at (208) 774-3430 or firstname.lastname@example.org.