An endowment is a pot of donated money that is invested and provides income for charitable purposes over the long term.
Endowments are for organizations that think long-term. Saving money today means the foundation will have more money for tomorrow. Spending money today meets a short-term need. Saving and investing money today meets long-term needs.
Without staff, a library is just a shuttered building filled with books. Librarians can navigate the myriad resources offered by a library and help patrons find what they need. Librarians educated in library and information science have the knowledge and skills necessary to adhere to the best practices of public libraries as determined by the Texas State Library and Archives Commission, Texas Library Association, and American Library Association.
The Foundation serves all three branches of our library system, and its aim is to provide significant funding to sustain the system. Each of our county library branches (Llano, Kingsland, and Lakeshore) has its own non-profit 501(c)(3) Friends group. These groups fund immediate needs of their respective libraries. For example, the Friends of the Kingsland Library has funded and hosted author events. The Friends of the Lakeshore Library funded their patron computers. The Friends of the Llano Library funded flooring replacement in the conference room. The respective Friends organizations are wonderful and help our libraries with short-term projects that are not allocated for in the county budget.