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THERE IS STILL TIME - BECOME A PART OF THE STORY!

The Peninsula Library Foundation is in the final month of raising donations to meet a challenge grant from the GAR Foundation as part of the Foundation’s endowment campaign. As you may recall from previous YCN articles, donations will be used to support the Foundation’s mission which is solely to build and maintain an endowment fund for the benefit of the Peninsula Library & Historical Society. This endowment fund will be used to help the Library meet its future financial needs and ensure, as government funding diminishes, the ongoing viability of this valued community resource.

This is a great time to make a gift to the Peninsula Library Foundation! If we can raise $160,000 by December 1, 2008, we will receive an additional $80,000 from the GAR Foundation! Pledges over the next three years are also eligible for the matching grant. You will be billed annually for any pledge.

We have so far raised $132,000 toward the challenge grant and are most appreciative to our many generous donors. Please help us make our goal by contributing before December 1 (your contribution is tax deductable). We are so close to our goal, which would enable us to receive the $80,000 gift from the GAR Foundation – please help us get there!

Also, just to let you know, the Charitable IRA Rollover Provision has been extended as part of the 2008 Federal Financial Rescue Package. This extension provides tax incentives for donors age 70 ½ who use IRA funds to make charitable gifts. It allows taxpayers to transfer gifts directly from their IRA to the charity without including it as income and without paying taxes on the total amount of the gifts. Please contact your bank or fund manager for more details.

If you have any questions, please do not hesitate to contact Randy Bergdorf, Library Director, at 330-657-2291. Thank you for your generous support!