Why should I give to the Chapel Hill Public Library Foundation instead of giving directly to the Chapel Hill Public Library?
Since the Library is a Department of the Town of Chapel Hill, gifts given directly to the Library become part of the Town’s assets and are subject to strict budgetary processes. Gifts to the Town are not tax-deductible. As a result, many foundations, corporations, and individuals will not make grants or gifts directly to a governmental institution. Since the Foundation is a nonprofit organization, gifts to the Foundation are tax-deductible. Foundation contributions may be invested in more flexible and competitive ways, yielding more growth than the Town can offer. Finally, private contributions allow the Library access to a funding stream necessary to respond to emerging needs. Many of these are not identified prior to the Town’s budget process, or perhaps were not funded through that process. Also, special opportunities may arise after the budget year begins.
