| What is an Endowment Fund? |
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| Written by Daniel Riefstahl |
| Thursday, 04 September 2008 19:03 |
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An endowment fund acts like a savings account for our Library. Our fund is held and managed by the Erie Community Foundation and it is pooled with other funds for greater investment return. The endowment's spending policy is designed to protect and enhance the charitable purchasing power of your thoughtful gift in perpetuity. The remainder of the earnings is reinvested in our fund to meet the Library's changing needs in the future. With this partnership, the Library receives the benefits of all gifts to the endowment fund, but does not bear the burden of managing the fund. This allows us to focus greater time and resources on our mission of providing outstanding library services to Erie County residents. |
| Last Updated on Wednesday, 24 September 2008 21:03 |
Please consider a small doantion.
You can fill out the donation form HERE
Thank you for your support. We greatly appreciate it!
The Erie Regional Library Foundation, Inc., a fundraising arm of the Erie County Public Library system, is participating in Erie Gives!
Go to www.ErieGives.org on Tuesday, August 2 between 8:00 a.m. and 8:00 p.m. and donate $25 or more to the Erie Regional Library Foundation. In celebration of The Erie Community Foundation’s 75th anniversary, a prorated match from a pool of $75,000 will be added to your donation.
The more money we raise through on-line donations on August 2nd, the more of the pro-rated match of the $75,000 we will receive.
Visit www.ErieGives.org today for more information.
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