Saturday, February 9, 2013

A Look at Foundation Funds @ the Bloomington (IL) Public Library

Bloomington library foundation pays for building improvements, staff salary. (Pantagraph, 2/9/2013)

The article notes that the Bloomington Public Library foundation has about $1,800,000 according to the Comprehensive Annual Financial  Report (of the City of Bloomington, Illinois, for the Fiscal Year May 1, 2011, to April 30, 2012.)

$1,823,414 - Total foundation balance
$   873,510 - Cash and investments
$   929,904 - Elisabeth L. Stubblefield and Louise M. Stubblefield Trust

The Stubblefield Trust is a restricted fund, which may be used for the following:
  • Supplementing and increasing the salaries of library employees if possible. 
  • Hosting staff appreciation days and staff development days.

Agenda for January 28, 2013, meeting

Board mixer, huh?  Featuring the wine of the month?

From the Bloomington Public Library board minutes, September 18, 2012.

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