Endowed funds generate perpetual income to support the library. They may be restricted to particular subject areas or be more broadly discretionary, depending on the donor’s preference. Endowed funds may also support such functions as collection digitization or collection preservation. A minimum gift of $25,000 is needed to establish a named, endowed library resource fund. Planned gifts, such as bequests and gift annuities, may be also used to establish endowed funds, and most existing endowed funds are open to additional gifts from all library donors.
Endowed funds support over one-fourth of the library resources budget of approximately $2.27 million. More recent funds provide additional income beyond the resources available from the regular budget. Examples include the George and Susan Lanyi fund for politics, the Robert ’55 and Fioni ’90 Rotberg fund for African and Latin American studies, and the Ellen ’58 and Thomas O’Flaherty fund for collection digitization.
Endowed fund bookplates