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TRANSCRIPT
Many people choose to support the Free Library Foundation by making a gift with assets other than cash. You,
and your estate, may receive significant tax benefits by making the Free Library Foundation a beneficiary of
your IRA or by using highly appreciated stock to make a charitable gift. Using these assets instead of cash
allows you to support the Library’s important work to advance literacy while managing your taxable assets
wisely. If you have questions about the best assets for you to use to support the Free Library Foundation please
consult with your financial advisor or call Amanda Goldstein, Director of Major Gifts and Planned Giving, at
215-814-3538 or [email protected].
This newsletter is not intended as legal, tax, investment, or other professional financial advice.
FOUNDATION
Nonprofit Org.
U.S. Postage
PAIDPhiladelphia, PA
Permit No. 5872
1901 VINE STREET, SUITE 111
PHILADELPHIA, PA 19103
freelibrary.org
The BestAssets to
Gift toCharity
THE ENDURING LEGACY OFD. JACQUES BENOLIEL
INFORMATION ON CHARITABLE GIFT ANNUITIES
WHY PLANNED GIFTSARE SO CRUCIAL
LEGACY GIVING AT THE FREE LIBRARY OF PHILADELPHIA FOUNDATION
LEAVING A LEGACY: D. JACQUES BENOLIEL
Philadelphia industrialist D. Jacques Benoliel was a voracious reader—a man with a deep
passion for the written word and a keen interest in the life and works of Charles Dickens.
Under the mentorship of bookseller Mabel Zahn, he built an impressive and far-reaching
collection of Dickens’s personal letters, handmade playbills, and other ephemera that
focused on the author’s great love of the theatre and his ambitions as a playwright and
amateur actor. Committed to the community, Benoliel also served on the Free Library of
Philadelphia’s Rare Books Committee and was deeply involved in helping to shape and
grow the Library’s special collections, working with its then-Head Ellen Shaffer.
After his death in 1954, Benoliel’s incredible Dickens collection was gifted to the Free
Library, in accordance with his will. “My parents were both civically minded volunteers
with a strong sense of community service,” says son Peter A. Benoliel, who also shares
his father’s great love of literature. “Why would his collection go anywhere other than
the library, this great public institution?”
To further augment the collection and help it grow long into the future, the Benoliel family
also established the D. Jacques Benoliel Collection endowment, in honor and memory of
Benoliel’s love of books and his allegiance to the library. This generous endowment, along
with the bequest of fellow Philadelphian and Dickens collector William M. Elkins, has
transformed the Free Library’s Charles Dickens Collection into a truly world-renowned
collection, drawing scholars and curiosity seekers from around the world.
Furthermore, his father instilled a similar sense of generosity in Peter, who currently
serves on both the Free Library’s Board of Trustees and the Free Library Foundation’s
Board of Directors and has chosen to support the Library by naming the Free Library of
Philadelphia Foundation as a beneficiary of a Charitable Remainder Trust. “Charity is in
my family genetics,” says Peter. “My father always encouraged me to think
independently and take responsibility for one’s community. It should be a way of life.”
The Free Library remains ever grateful for the legacy left by D. Jacques Benoliel and his
family. In recognition of the impact that his and other planned gifts have on the future
of the Free Library, the Library has named The Benoliel Society in his honor.
what’s inside
THE FREE LIBRARY FOUNDATION IS GRATEFUL TO THE PLANNED GIVING ADVISORY COUNCIL, WHOSE DEDICATED MEMBERS GENEROUSLY SHARE THEIR TIME AND EXPERTISE IN HELPING TO CULTIVATE THE LIBRARY’S PLANNED GIVING PROGRAM AND FURTHER SECURE THE FUTURE OF THE FREE LIBRARY OF PHILADELPHIA FOR GENERATIONS TO COME.
Susan Smith, Chair
James Biles
Robert A. Boyer
Nicholas R. Cisler
Jessie Demming
Joann Hyle
Norman Leibovitz
Francis J. Mirabello
Alan J. Mittleman
William F. Mosconi
Rusty Ressler
Scott Schultz
Eric L. Settle
Making a planned gift, either by establishing a life income gift such as a Charitable Gift Annuity or by
creating a bequest in your will, is a wonderful way to provide for the Free Library of Philadelphia
through its Foundation and to ensure that the Library is here today, tomorrow, and for generations to
come. Here is a look at the estate and life income gifts received by the Free Library over the last year.
by the NumbersPLANNED GIFTS
13 $1,218,136
$139,523
Total number of PLANNED GIFTS
FOR UNRESTRICTED ENDOWMENT
$73,080 FOR THE LIBRARY FOR THE BLIND
AND PHYSICALLY HANDICAPPED
$4,650FOR THE FLEISHER COLLECTION
OF ORCHESTRAL MUSIC
$25,000FOR THE AUTHOR EVENTS SERIES
Estate gifts can be allocated to a specific program, library, or service, or be left
unrestricted so that the Library can use the funds wherever they are needed most.
LAST YEAR’S GENEROUS GIFTS INCLUDED:
TOTAL VALUE of these planned gifts
FALL 2014
Transformingtomorrow
LEGACY GIVING AT THE FREE LIBRARY OF PHILADELPHIA FOUNDATION
generosity
This pencil drawing, titled “The Trial,” was created by illustrator Hablot Knight Brown in the late 1830s to accompany the serial publication of Charles Dickens’s The Posthumous Papers of the Pickwick Club (1836-37). The image—which accompanies one of the most famous, and funniest, scenes in the book—is part of a bequest made to the Free Library of Philadelphia by longtime Library Trustee and famed Dickens collector D. Jacques Benoliel following his death in 1954. The Benoliel Collection includes hundreds of autograph letters, early and rare editions of Dickens's novels that were adapted for the stage, and 100 playbills. To learn more about D. Jacques Benoliel and his legacy at the Free Library, please read our cover story.
PLANNED GIVING
advisory council
My father always
encouraged me to think
independently and take
responsibility for one’s
community. It should be a
way of life.—PETER BENOLIEL
TOP AND BOTTOM: D. JACQUES BENOLIEL
MIDDLE: PETER A. BENOLIEL, LEFT, WITH HIS MOTHER AND FATHER, D. JACQUES BENOLIEL.
A STRONG AND SELF-MADE WOMAN WITH A PASSION FOR
CONTEMPORARY ART AND ZEST FOR LIFE, EILEEN ROSENAU IS AN
INTEGRAL PART OF THE FREE LIBRARY’S GEORGE S. PEPPER SOCIETY
COUNCIL, BRINGING HER 30-PLUS YEARS OF MARKETING AND PUBLIC
RELATIONS EXPERTISE TO THE FREE LIBRARY’S MOST GENEROUS
GROUP OF SUPPORTERS. IN ADDITION TO HER ANNUAL GIVING,
EILEEN HAS THOUGHTFULLY CHOSEN TO PROVIDE FOR THE FREE
LIBRARY’S FUTURE WITH A BEQUEST THROUGH HER ESTATE.
“I am happy to support the Free Library because it connects with every level of society—all people of
all backgrounds and ages,” says Eileen. “Plus, the Foundation handles money so wisely. It’s important
to me that my gift is stewarded well into the future.”
From learning about the creative processes of writers through the Library’s award-winning Author
Events Series to the art of cooking through the recently launched Culinary Literacy Center, Eileen
believes in the Free Library as a warm and welcoming center for creativity and community. She
credits her longtime partner, John Price, a fellow Free Library supporter who passed away earlier
this year, with stoking her enthusiasm and encouraging her involvement. Eileen is proud to be
a part of and support the Library’s continuing growth and forward momentum as it works to
expand its services for new Americans, seniors, teens, and more, in line with its strategic plan.
“Nothing compares to the sophistication of the Free Library,” she says. “I just really love the
institution as a whole.”
As an entrepreneur herself, Eileen recognizes and values the Library’s openness to new ideas and its
growing role as a center for innovative, avant-garde programs and activities. Through her
forward-thinking generosity, she is helping the Free Library remain a cutting-edge cultural force in
the 21st century—and for many years to come.
GIFTING APPRECIATED SECURITIES FROM A TAXABLE ACCOUNT COULD BE A TAX-EFFICIENT WAY TO PROVIDE SUPPORT FOR YOUR FAVORITE CHARITY.
By transferring securities with unrealized long-term capital
gains directly to charity, rather than liquidating and donating
cash, you may claim a Federal itemized deduction for the full
Fair Market Value of the gifted security, subject to limitation
based upon your adjusted gross income.
Based on the top Federal capital gains rate of 20% and the
Medicare tax on investment income of 3.8%, this strategy
could provide up to a 23.8% Federal tax savings opportunity
on the amount of the unrealized gain in the gifted security.
This treatment is available for most securities, including Stocks,
Bonds, and Mutual Funds. To qualify, the appreciated security
must have been held long term (held for over one year) and be
transferred in kind directly to the charity.
Gifts must be completed before December 31 to count for 2014,
so please consult your tax advisor to see if this strategy can work
for you or contact Amanda Goldstein at 215-814-3538 or
[email protected] to learn more.
Support the Library and Secure Your Future with aCharitable Gift AnnuityAre you looking for a way to support the Free Library
while at the same time ensuring that your own financial
future remains secure? Establishing a Charitable Gift
Annuity with the Free Library Foundation could be the
perfect opportunity for you!
A CGA ENABLES YOU TO RECEIVE A GUARANTEED INCOME FOR LIFE IN RETURN FOR AN OUTRIGHT DONATION TODAY.
Anyone age 65 or older can establish a CGA with a gift of
$10,000 or more. The Free Library Foundation will pay you
a fixed payment every quarter for the rest of your life,
backed by the Library’s assets. This amount will never
change, regardless of the economic climate. A significant
portion of this payment is tax free, and you can also take
a charitable deduction in the year you make the gift. The
remainder of your CGA can be restricted to a specific
program or neighborhood library, or left unrestricted to
meet the Free Library’s most critical needs.
CGA RATES ARE BASED ON YOUR AGE AND WILL YIELD A SIGNIFICANTLY HIGHER PAY OUT THAN A TRADITIONAL SAVINGS ACCOUNT OR A CERTIFICATE OF DEPOSIT:
Why I GiveEILEEN ROSENAU
DONATE APPRECIATED SECURITIES TO CHARITYAVOID CAPITAL GAINS TAX BY USING APPRECIATED SECURITIES FOR YOUR GIFTS!
AnonymousIhsan AhmedPeggy AndersonJoseph F. BakerSherrin BakyKhadija BenaissaPeter A. Benoliel and Willo CareySally Cooper BleznakJill and Sheldon BonovitzAndrea BoydJudy Brown and Cynthia YoutzyCarol BuettgerHelen and Robert ButtelJoseph CesaCarol Shlifer ClappRebecca Craik and Mark HaskinsJohn W. Cunningham, Jr.Peggy and Mark CurchackVictoria and Colin DawsonDorothy J. del BuenoTobey and Mark DichterRuth DillonAmy FinkelsteinGraham FinneyAbbe Fletman and Jane HinkleDrs. Barbara and Leonard FrankProfessor Eileen GambrillBetty GottliebBruce J. GouldKathleen GreenacrePeggy and Rich GreenawaltGail and Peter HearnAntoinette HoaglandRosaline and Robert* JosephSylvia W. KaudersCharles KeatesMarilyn and Norman KlineSue D. and Reinhard KruseAnne Silvers Lee and Wynn LeeThe Loki’s FundRandi and William MarrazzoStephanie and Michael NaidoffLinda and Jeffrey NeedlemanSusan Odessey and Paul CoffMarcia J. RogersEileen RosenauPhoebe RosenberryJ. Randall RosensteelSusan G. SmithMiriam and Arthur SpectorEvelyn G. SpritzLeon C. SunsteinSherry A. SwirskyLorraine UrbeitDebra Weiner and Mary GoldmanRuth W. and A. Morris Williams, Jr.Mara and Kenneth Wolfgang
Establishing a Charitable Gift Annuity at the Free Library of Philadelphia Foundation was a simple, effective way for me to support the Library, while ensuring the security of a guaranteed income from the CGA. I feel confident that my gift is being used wisely to help advance literacy, guide learning, and inspire curiosity throughout our region.”
ANNUITANT AGE 65 70 75 80 85 90
ANNUITANT RATE 4.7% 5.1% 5.8% 6.8% 7.8% 9%
CHARITABLE DEDUCTION $3,363 $4,001 $4,502 $4,965 $5,621 $6,269
INCOME PAYMENT $470 $510 $580 $680 $780 $900
Rates are current as of October 1, 2014.
BY LEAVING A LEGACY AND INVESTING IN THE FREE LIBRARY FOUNDATION WITH A CHARITABLE GIFT ANNUITY, YOU CAN HELP THE FREE LIBRARY TO ADVANCE LITERACY, GUIDE LEARNING, AND INSPIRE CURIOSITY THROUGH THE 21ST CENTURY AND BEYOND.
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pp
ort th
e F
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rary
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ilad
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ia
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arn
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ift An
nu
ity
(CG
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ith th
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bo
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clud
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un
da
tion
in m
y e
state
pla
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gift to
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(if inte
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receiv
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illustra
tion
)
ge
ne
rosity
FO
R A
DD
ITIO
NA
L IN
FO
RM
AT
ION
PL
EA
SE
VIS
IT F
RE
EL
IBR
AR
Y.O
RG
/P
LA
NN
ED
GIV
ING
, CA
LL
215
-56
7-7
710
, OR
EM
AIL
GO
LD
ST
EIN
A@
FR
EE
LIB
RA
RY
.OR
G.
YO
UR
INF
OR
MA
TIO
N IS
CO
NF
IDE
NT
IAL
AN
D IN
NO
WA
Y R
EQ
UIR
ES
YO
U T
O M
AK
E A
GIF
T.
Sample rates for a $10,000 Single Life Annuity
—DOROTHY DEL BUENO
14M
M-P
G
DE
TA
CH
, FO
LD
IN H
AL
F, A
ND
TA
PE
TO
MA
IL.
I am happy to support
the Free Library
because it connects with
every level of society.
THE BENOLIEL SOCIETY RECOGNIZES THOSE THOUGHTFUL INDIVIDUALS WHO HAVE PROVIDED FOR THE FUTURE OF THE FREE LIBRARY BY MAKING A LIFE INCOME GIFT OR INCLUDING THE LIBRARY IN THEIR ESTATE.
*The Free Library of Philadelphia mourns the recent loss of Dr. Robert Joseph, a generous supporter of the Free Library Foundation and a beloved charter member of The Benoliel Society.
A STRONG AND SELF-MADE WOMAN WITH A PASSION FOR
CONTEMPORARY ART AND ZEST FOR LIFE, EILEEN ROSENAU IS AN
INTEGRAL PART OF THE FREE LIBRARY’S GEORGE S. PEPPER SOCIETY
COUNCIL, BRINGING HER 30-PLUS YEARS OF MARKETING AND PUBLIC
RELATIONS EXPERTISE TO THE FREE LIBRARY’S MOST GENEROUS
GROUP OF SUPPORTERS. IN ADDITION TO HER ANNUAL GIVING,
EILEEN HAS THOUGHTFULLY CHOSEN TO PROVIDE FOR THE FREE
LIBRARY’S FUTURE WITH A BEQUEST THROUGH HER ESTATE.
“I am happy to support the Free Library because it connects with every level of society—all people of
all backgrounds and ages,” says Eileen. “Plus, the Foundation handles money so wisely. It’s important
to me that my gift is stewarded well into the future.”
From learning about the creative processes of writers through the Library’s award-winning Author
Events Series to the art of cooking through the recently launched Culinary Literacy Center, Eileen
believes in the Free Library as a warm and welcoming center for creativity and community. She
credits her longtime partner, John Price, a fellow Free Library supporter who passed away earlier
this year, with stoking her enthusiasm and encouraging her involvement. Eileen is proud to be
a part of and support the Library’s continuing growth and forward momentum as it works to
expand its services for new Americans, seniors, teens, and more, in line with its strategic plan.
“Nothing compares to the sophistication of the Free Library,” she says. “I just really love the
institution as a whole.”
As an entrepreneur herself, Eileen recognizes and values the Library’s openness to new ideas and its
growing role as a center for innovative, avant-garde programs and activities. Through her
forward-thinking generosity, she is helping the Free Library remain a cutting-edge cultural force in
the 21st century—and for many years to come.
GIFTING APPRECIATED SECURITIES FROM A TAXABLE ACCOUNT COULD BE A TAX-EFFICIENT WAY TO PROVIDE SUPPORT FOR YOUR FAVORITE CHARITY.
By transferring securities with unrealized long-term capital
gains directly to charity, rather than liquidating and donating
cash, you may claim a Federal itemized deduction for the full
Fair Market Value of the gifted security, subject to limitation
based upon your adjusted gross income.
Based on the top Federal capital gains rate of 20% and the
Medicare tax on investment income of 3.8%, this strategy
could provide up to a 23.8% Federal tax savings opportunity
on the amount of the unrealized gain in the gifted security.
This treatment is available for most securities, including Stocks,
Bonds, and Mutual Funds. To qualify, the appreciated security
must have been held long term (held for over one year) and be
transferred in kind directly to the charity.
Gifts must be completed before December 31 to count for 2014,
so please consult your tax advisor to see if this strategy can work
for you or contact Amanda Goldstein at 215-814-3538 or
[email protected] to learn more.
Support the Library and Secure Your Future with aCharitable Gift AnnuityAre you looking for a way to support the Free Library
while at the same time ensuring that your own financial
future remains secure? Establishing a Charitable Gift
Annuity with the Free Library Foundation could be the
perfect opportunity for you!
A CGA ENABLES YOU TO RECEIVE A GUARANTEED INCOME FOR LIFE IN RETURN FOR AN OUTRIGHT DONATION TODAY.
Anyone age 65 or older can establish a CGA with a gift of
$10,000 or more. The Free Library Foundation will pay you
a fixed payment every quarter for the rest of your life,
backed by the Library’s assets. This amount will never
change, regardless of the economic climate. A significant
portion of this payment is tax free, and you can also take
a charitable deduction in the year you make the gift. The
remainder of your CGA can be restricted to a specific
program or neighborhood library, or left unrestricted to
meet the Free Library’s most critical needs.
CGA RATES ARE BASED ON YOUR AGE AND WILL YIELD A SIGNIFICANTLY HIGHER PAY OUT THAN A TRADITIONAL SAVINGS ACCOUNT OR A CERTIFICATE OF DEPOSIT:
Why I GiveEILEEN ROSENAU
DONATE APPRECIATED SECURITIES TO CHARITYAVOID CAPITAL GAINS TAX BY USING APPRECIATED SECURITIES FOR YOUR GIFTS!
AnonymousIhsan AhmedPeggy AndersonJoseph F. BakerSherrin BakyKhadija BenaissaPeter A. Benoliel and Willo CareySally Cooper BleznakJill and Sheldon BonovitzAndrea BoydJudy Brown and Cynthia YoutzyCarol BuettgerHelen and Robert ButtelJoseph CesaCarol Shlifer ClappRebecca Craik and Mark HaskinsJohn W. Cunningham, Jr.Peggy and Mark CurchackVictoria and Colin DawsonDorothy J. del BuenoTobey and Mark DichterRuth DillonAmy FinkelsteinGraham FinneyAbbe Fletman and Jane HinkleDrs. Barbara and Leonard FrankProfessor Eileen GambrillBetty GottliebBruce J. GouldKathleen GreenacrePeggy and Rich GreenawaltGail and Peter HearnAntoinette HoaglandRosaline and Robert* JosephSylvia W. KaudersCharles KeatesMarilyn and Norman KlineSue D. and Reinhard KruseAnne Silvers Lee and Wynn LeeThe Loki’s FundRandi and William MarrazzoStephanie and Michael NaidoffLinda and Jeffrey NeedlemanSusan Odessey and Paul CoffMarcia J. RogersEileen RosenauPhoebe RosenberryJ. Randall RosensteelSusan G. SmithMiriam and Arthur SpectorEvelyn G. SpritzLeon C. SunsteinSherry A. SwirskyLorraine UrbeitDebra Weiner and Mary GoldmanRuth W. and A. Morris Williams, Jr.Mara and Kenneth Wolfgang
Establishing a Charitable Gift Annuity at the Free Library of Philadelphia Foundation was a simple, effective way for me to support the Library, while ensuring the security of a guaranteed income from the CGA. I feel confident that my gift is being used wisely to help advance literacy, guide learning, and inspire curiosity throughout our region.”
ANNUITANT AGE 65 70 75 80 85 90
ANNUITANT RATE 4.7% 5.1% 5.8% 6.8% 7.8% 9%
CHARITABLE DEDUCTION $3,363 $4,001 $4,502 $4,965 $5,621 $6,269
INCOME PAYMENT $470 $510 $580 $680 $780 $900
Rates are current as of October 1, 2014.
BY LEAVING A LEGACY AND INVESTING IN THE FREE LIBRARY FOUNDATION WITH A CHARITABLE GIFT ANNUITY, YOU CAN HELP THE FREE LIBRARY TO ADVANCE LITERACY, GUIDE LEARNING, AND INSPIRE CURIOSITY THROUGH THE 21ST CENTURY AND BEYOND.
GIF
TS
MA
DE
TO
TH
E F
RE
E L
IBR
AR
Y O
F P
HIL
AD
EL
PH
IA F
OU
ND
AT
ION
SU
PP
OR
T A
ND
EN
HA
NC
E T
HE
FR
EE
LIB
RA
RY
’S M
AN
Y IM
PO
RT
AN
T
PR
OG
RA
MS
AN
D S
ER
VIC
ES
TH
AT
EN
RIC
H T
HE
ED
UC
AT
ION
AL
AN
D C
UL
TU
RA
L F
AB
RIC
OF
GR
EA
TE
R P
HIL
AD
EL
PH
IA.
Yes! I wo
uld
like
to lea
rn m
ore
ab
ou
t ma
kin
g
a p
lan
ned
gift
to su
pp
ort th
e F
ree Lib
rary
of
Ph
ilad
elph
ia
Fo
un
da
tion
.
I am
inte
reste
d in
ma
kin
g a
n e
state
or p
lan
ne
d g
ift an
d w
ou
ld lik
e
to le
arn
ab
ou
t po
ten
tial o
pp
ortu
nitie
s.
I wo
uld
like
to le
arn
ab
ou
t esta
blish
ing
a C
ha
ritab
le G
ift An
nu
ity
(CG
A) w
ith th
e F
ou
nd
atio
n.
I wo
uld
like
to re
ceiv
e in
form
atio
n a
bo
ut in
clud
ing
the
Fo
un
da
tion
in m
y e
state
pla
ns th
rou
gh
a b
eq
ue
st.
I wo
uld
like
to re
ceiv
e in
form
atio
n a
bo
ut u
sing
my
IRA
to m
ak
e a
gift to
the
Fo
un
da
tion
.
I ha
ve
alre
ad
y in
clud
ed
the
Fo
un
da
tion
in m
y e
state
pla
ns a
nd
wo
uld
like
to b
e re
cog
nize
d a
s pa
rt of T
he
Be
no
liel S
ocie
ty.
NA
ME
AD
DR
ES
S
CIT
Y
STA
TE
Z
IP
PH
ON
E (O
PT
ION
AL
)
EM
AIL
DA
TE
OF
BIR
TH
(if inte
reste
d in
receiv
ing
a c
harita
ble
gift a
nn
uity
illustra
tion
)
ge
ne
rosity
FO
R A
DD
ITIO
NA
L IN
FO
RM
AT
ION
PL
EA
SE
VIS
IT F
RE
EL
IBR
AR
Y.O
RG
/P
LA
NN
ED
GIV
ING
, CA
LL
215
-56
7-7
710
, OR
EM
AIL
GO
LD
ST
EIN
A@
FR
EE
LIB
RA
RY
.OR
G.
YO
UR
INF
OR
MA
TIO
N IS
CO
NF
IDE
NT
IAL
AN
D IN
NO
WA
Y R
EQ
UIR
ES
YO
U T
O M
AK
E A
GIF
T.
Sample rates for a $10,000 Single Life Annuity
—DOROTHY DEL BUENO
14M
M-P
G
DE
TA
CH
, FO
LD
IN H
AL
F, A
ND
TA
PE
TO
MA
IL.
I am happy to support
the Free Library
because it connects with
every level of society.
THE BENOLIEL SOCIETY RECOGNIZES THOSE THOUGHTFUL INDIVIDUALS WHO HAVE PROVIDED FOR THE FUTURE OF THE FREE LIBRARY BY MAKING A LIFE INCOME GIFT OR INCLUDING THE LIBRARY IN THEIR ESTATE.
*The Free Library of Philadelphia mourns the recent loss of Dr. Robert Joseph, a generous supporter of the Free Library Foundation and a beloved charter member of The Benoliel Society.
Many people choose to support the Free Library Foundation by making a gift with assets other than cash. You,
and your estate, may receive significant tax benefits by making the Free Library Foundation a beneficiary of
your IRA or by using highly appreciated stock to make a charitable gift. Using these assets instead of cash
allows you to support the Library’s important work to advance literacy while managing your taxable assets
wisely. If you have questions about the best assets for you to use to support the Free Library Foundation please
consult with your financial advisor or call Amanda Goldstein, Director of Major Gifts and Planned Giving, at
215-814-3538 or [email protected].
This newsletter is not intended as legal, tax, investment, or other professional financial advice.
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The BestAssets to
Gift toCharity
THE ENDURING LEGACY OFD. JACQUES BENOLIEL
INFORMATION ON CHARITABLE GIFT ANNUITIES
WHY PLANNED GIFTSARE SO CRUCIAL
LEGACY GIVING AT THE FREE LIBRARY OF PHILADELPHIA FOUNDATION
LEAVING A LEGACY: D. JACQUES BENOLIEL
Philadelphia industrialist D. Jacques Benoliel was a voracious reader—a man with a deep
passion for the written word and a keen interest in the life and works of Charles Dickens.
Under the mentorship of bookseller Mabel Zahn, he built an impressive and far-reaching
collection of Dickens’s personal letters, handmade playbills, and other ephemera that
focused on the author’s great love of the theatre and his ambitions as a playwright and
amateur actor. Committed to the community, Benoliel also served on the Free Library of
Philadelphia’s Rare Books Committee and was deeply involved in helping to shape and
grow the Library’s special collections, working with its then-Head Ellen Shaffer.
After his death in 1954, Benoliel’s incredible Dickens collection was gifted to the Free
Library, in accordance with his will. “My parents were both civically minded volunteers
with a strong sense of community service,” says son Peter A. Benoliel, who also shares
his father’s great love of literature. “Why would his collection go anywhere other than
the library, this great public institution?”
To further augment the collection and help it grow long into the future, the Benoliel family
also established the D. Jacques Benoliel Collection endowment, in honor and memory of
Benoliel’s love of books and his allegiance to the library. This generous endowment, along
with the bequest of fellow Philadelphian and Dickens collector William M. Elkins, has
transformed the Free Library’s Charles Dickens Collection into a truly world-renowned
collection, drawing scholars and curiosity seekers from around the world.
Furthermore, his father instilled a similar sense of generosity in Peter, who currently
serves on both the Free Library’s Board of Trustees and the Free Library Foundation’s
Board of Directors and has chosen to support the Library by naming the Free Library of
Philadelphia Foundation as a beneficiary of a Charitable Remainder Trust. “Charity is in
my family genetics,” says Peter. “My father always encouraged me to think
independently and take responsibility for one’s community. It should be a way of life.”
The Free Library remains ever grateful for the legacy left by D. Jacques Benoliel and his
family. In recognition of the impact that his and other planned gifts have on the future
of the Free Library, the Library has named The Benoliel Society in his honor.
what’s inside
THE FREE LIBRARY FOUNDATION IS GRATEFUL TO THE PLANNED GIVING ADVISORY COUNCIL, WHOSE DEDICATED MEMBERS GENEROUSLY SHARE THEIR TIME AND EXPERTISE IN HELPING TO CULTIVATE THE LIBRARY’S PLANNED GIVING PROGRAM AND FURTHER SECURE THE FUTURE OF THE FREE LIBRARY OF PHILADELPHIA FOR GENERATIONS TO COME.
Susan Smith, Chair
James Biles
Robert A. Boyer
Nicholas R. Cisler
Jessie Demming
Joann Hyle
Norman Leibovitz
Francis J. Mirabello
Alan J. Mittleman
William F. Mosconi
Rusty Ressler
Scott Schultz
Eric L. Settle
Making a planned gift, either by establishing a life income gift such as a Charitable Gift Annuity or by
creating a bequest in your will, is a wonderful way to provide for the Free Library of Philadelphia
through its Foundation and to ensure that the Library is here today, tomorrow, and for generations to
come. Here is a look at the estate and life income gifts received by the Free Library over the last year.
by the NumbersPLANNED GIFTS
13 $1,218,136
$139,523
Total number of PLANNED GIFTS
FOR UNRESTRICTED ENDOWMENT
$73,080 FOR THE LIBRARY FOR THE BLIND
AND PHYSICALLY HANDICAPPED
$4,650FOR THE FLEISHER COLLECTION
OF ORCHESTRAL MUSIC
$25,000FOR THE AUTHOR EVENTS SERIES
Estate gifts can be allocated to a specific program, library, or service, or be left
unrestricted so that the Library can use the funds wherever they are needed most.
LAST YEAR’S GENEROUS GIFTS INCLUDED:
TOTAL VALUE of these planned gifts
FALL 2014
Transformingtomorrow
LEGACY GIVING AT THE FREE LIBRARY OF PHILADELPHIA FOUNDATION
generosity
This pencil drawing, titled “The Trial,” was created by illustrator Hablot Knight Brown in the late 1830s to accompany the serial publication of Charles Dickens’s The Posthumous Papers of the Pickwick Club (1836-37). The image—which accompanies one of the most famous, and funniest, scenes in the book—is part of a bequest made to the Free Library of Philadelphia by longtime Library Trustee and famed Dickens collector D. Jacques Benoliel following his death in 1954. The Benoliel Collection includes hundreds of autograph letters, early and rare editions of Dickens's novels that were adapted for the stage, and 100 playbills. To learn more about D. Jacques Benoliel and his legacy at the Free Library, please read our cover story.
PLANNED GIVING
advisory council
My father always
encouraged me to think
independently and take
responsibility for one’s
community. It should be a
way of life.—PETER BENOLIEL
TOP AND BOTTOM: D. JACQUES BENOLIEL
MIDDLE: PETER A. BENOLIEL, LEFT, WITH HIS MOTHER AND FATHER, D. JACQUES BENOLIEL.