The Library Endowment Fund and the Friends: A Partnership in Action

Perhaps you’ve heard about the Troy Public Library Endowment Fund (http://troypl.org/endowment/) created for the benefit of the Troy Public Library.  Over the last year, nearly $60,000 has been raised to support the future of the Library and its operations. This money has come from public and private donors in the local community and beyond.

The Friends have been raising money for over fifty years to promote and support the TPL as well. Our money comes from sales in our shops, membership dues, donations, bequests, and grants. In fact, the Friends were the impetus for first having a library in Troy! With one small book drive and sale in the 1960’s, the dedicated group of volunteers donated seed money to begin the collection.

So what is the difference between the Endowment and the money the Friends donate back to TPL? Continue reading “The Library Endowment Fund and the Friends: A Partnership in Action”