Endowment Fund

 

FLORA PUBLIC LIBRARY ENDOWMENT FUND

WHAT IS THE ENDOWMENT FUND?

     The Flora Public Library Endowment Fund was established in 2003 to provide a permanent source of additional financial resources for the library. Donations to the endowment will not be spent unless the donor stipulates otherwise. Interest from the fund will be used to perpetually enhance and sustain an appropriate level of library services and resources; including materials, equipment, technology and programming. The Flora Public Library Board of Trustees will administer the endowed funds.

WILL THIS REPLACE CURRENT LIBRARY FUNDING? 

     Endowment funds will not replace, but will supplement, traditional income from local taxes, state and federal sources. The endowment offers individuals an opportunity to make a tax-deductible donation, if applicable, to the library that will provide a perpetual source of income.

HOW ARE DONATIONS RECOGNIZED?

     Any amount may be given to the endowment.

     Donations of $1,000.00 or more are recognized on a plate placed on the Donor Recognition Plaque and are placed in the general Endowment Fund.

     Donations of $5,000.00 or more are recognized on a plate placed on the Donor Recognition Plaque. Also, the donor has the option of created a Designated Endowment Fund. Donors may name a Designated Endowment Fund and specify how proceeds are to be used.

     Donations may be outright donations or pledges of annual donations for a period of up to three years. Plates will be placed on the Donor Recognition Plaque once the final pledge has been received or when the gift exceeds $1,000.00, whichever occurs first.

     Unless the donor wishes otherwise, all donations will be recognized in the Donor Recognition Book which will be placed in the library and also on the library website. Entries in the Donor Recognition Book may include an inscription written by the donor.

HOW MAY GIFTS BE MADE TO THE ENDOWMENT FUND?

• Gifts of Cash
• Gifts of Property (such as stocks, bonds or land)
• Matching Gifts
• Gifts in Memory or in Honor of Friends or Relatives
• Corporate Gifts
• Bequests
• Charitable Trusts
• Insurance Policies

     All gifts are tax-deductible under Internal Revenue Code Section 170(c)(1). Should donors require 501(c)(3) status, gifts can be accepted by Flora Public Library via the Illinois Library System Directors Organization Fund For Illinois Libraries. (Contact the library for details.)

     Your gift to the Flora Public Library Endowment Fund will be a vital investment in library services for future generations and will live on through the lives it enriches.


FLORA PUBLIC LIBRARY BOARD OF TRUSTEES

Maralee Johnson
President

Robbin Dickey
Vice President

Bill Atwood
Secretary

Dr. Robert Marley
Treasurer

Ellen Erwin

Rebecca Stocke

Karen Briscoe

Joe McCoy

Marcus P. “Pat” Booth

 

For more information, contact:
Donna L. Corry, Library Director
FLORA PUBLIC LIBRARY
216 North Main Street
Flora, IL 62839
Phone (618) 662-6553
FAX (618) 662-5007
email: florapl@florapubliclibrary.org
website:  http://www.florapubliclibrary.org


Yes, I am interested in contributing to the Flora Public Library Endowment Fund.

DONOR
NAME:_________________________________
ADDRESS:______________________________
________________________________________
PHONE:________________________________
GIFT OR PLEDGE:
GIFT AMOUNT:_________________________

PLEDGE AMOUNT: _____________________
(CIRCLE ONE:)
TWO/THREE ANNUAL CONTRIBUTIONS

OF: _______________________________
MY GIFT IS:
(CIRCLE ONE:)
IN MEMORY OF IN HONOR OF
NAME:_____________________________
NOTIFY:
_______________________________________
___________________________________
___________________________________________
Make check payable to:
Flora Public Library Endowment Fund

Donors can easily make online payments with PayPal.

Return to:
Flora Public Library Endowment Fund
216 North Main Street
Flora, IL 62839