As of 5/23/2018
Thanks to your substantial contributions, we have surpassed our goal of $100,000 by March 19, and then some! A special thank you to Tom and Ingrid Perring for their generous matching grant of $4,000 to make this goal possible and motivating others to help us get there.
Now that the endowment is over $100,000, we are able to use a larger sum of interest every year for building improvements, programming, and more. Learn more about the Endowment Fund on our website and keep a look out for the latest additions to the Donor Wall this Spring!
What is an endowment fund?
An endowment fund is a way for organizations – like the Troy Public Library – to set aside special funds for the future! Once established, an organization’s endowment will provide a certain amount of funds each year that the organization can use to meet its needs and enhance its programs.
Why are we doing this?
From Library Director Cathy Russ: “I wanted to create an endowment fund for Troy Public Library, because I want TPL to be around for many years to come. An endowment fund contributes to the Library’s present, and especially its future, because the money donated will benefit future generations of Library users. Troy Library has a special place in the heart of this community, and the time is right to launch this initiative.”
This endowment will be a vital part in providing prestige programming, implementing facility enhancements, and creating opportunities for future generations.
How will this work?
This money will be housed at the Troy Community Foundation. Once the endowment is established, Troy Public Library can use this money to provide prestige programming, implement facility enhancements, and create opportunities for future generations.
How can I donate?