The good news is that you can help! Give at the level you are able to give—both small and large donations have a big impact. And the larger the endowment becomes, the larger the grants that we can bestow.
(These unaffiliated sites feature basic endowment calculators: http://endowment.cfbroward.org/ or https://delcf.org/endowment-calculator/ )
Since we are saving and investing this money, every donation counts. Unable to give generously right now? You can plan your gift for the future by adding us to your will, estate, or as a beneficiary of your life insurance policy. Creative giving, such as gifting real estate or mineral rights, might be an option, too. You can also give of your time and come volunteer with us. You can reach out to other people who may be able to help us. There are so many ways to make a difference.
We will invest the donated funds into our endowment account. When sufficient funds accumulate we can begin providing grants to our library system. Libraries in our county system will have the opportunity to apply for grants to implement new projects, create/offer new services, fund increased education and retention of staff, make building improvements, and fund a master plan to lead the system into the future.
The Foundation is run by a group of unpaid board members. There are some administrative costs associated with operations and producing fundraising events, social media and website management, postage, and the like. A small budget is allocated to these costs, and the rest of our funds are saved and invested. Thus far, we have not distributed any grant funding to our library system, as we are still in the building stages of our endowment.
Once we reach our first goal of $1,000,000 invested, hopefully within 18 months, we can begin to provide 3% of that amount (around $30,000) of grants---ANNUALLY, with the amount to increase with more funding and more time. This money will help sustain our library system forever.
You get to help us save a piece of Americana--our local library system. You get to be a part of the preservation and building of a flourishing citizen-supported library system that will meet all the literacy needs of our community with a collection of great books and materials, excellent staff, and exceptional programming. The LCLSF will recognize donors by advertising your name (business or personal) on our Virtual Donor Wall. You may also wish to give anonymously, and that will be honored.
In addition, we will mail you a really nifty bumper sticker.
- J.A. Langford