Thank You
FOR YOUR ONGOING & GENEROUS SUPPORT
The Howe Library Corporation is extremely grateful for the financial support received from many individuals, local businesses, and foundations. Donations to The Corporation fund 100% of our print and electronic collections and programming. We appreciate your support of this treasured community resource.
RARE BOOKS
Robert Christy
Mr. and Mrs. Daniel M. Ives
Betsy Sylvester
Ruth Sylvester
Debbie Williamson
FIRST EDITIONS
Charlotte and Philip Bernini
Marjorie Boley
Judson and Carol Burnham
Carrie and Geoff Colla
John and Nancy Collier
Joanne M. Conroy
Arthur Z. Gardiner, Jr.
Susan and Jay Pierson
Heidi Reynolds
Virgil Miedema and Barbara Spaid
Sonya and Matt Stover
Sheila H. Tanzer
Jim and Cindy Varnum
John and Coralea Wennberg
CLASSICS
Liz and Clay Adams
The Ames Family
Errik and Emily Anderson
David Berlew
BCR | Brown Commercial Realty
Susan N. Cohen
Dr. Joseph Cravero and Dr. Carolyn Murray
Dr. and Mrs. Harte Crow
Elena and Jere Daniell
Peter and Melanie Golder
Vijay and Kirthi Govindarajan
Barbara and Thomas Hall
The Hastings Family
Carey Heckman
P. Jack Hoopes and Vicki J. Scheidt
Jocelyn Cain/Constance Hungerford
Reid and Jennifer Hutchins
Ellen Ives and Colleen Johnson
Kevin and Punam Keller
Larry Young and Toni LaMonica
Ellen and Jim Lynch
Mrs. Robert Macdonald
Nancy and Steve Marion
Chris Kennedy and Ms. Betsy McClain
Ryan McGovern and Mary Schiavoni
Carolyn and Peter Mertz
Al and Margaret Mulley
Lynne Naughton
Teresa Oden
Tom and Judy Oxman
Marilyn M. Paganucci
Anne Pearson
Linda and Rick Roesch
Anne Segal
Carol and Harold Sox
Denis Devlin and Clyde Watson
Doug and Leslie Williamson
BEST SELLERS
Patricia Appleton
Yolanda Baumgartner
Charles and Gillian Billo
Marilyn Blight
Mrs. Ruth Blodgett
Neil Roth and Cheryl Boghosian
Jennifer and Chip Brown
Mary and Scott Brown
Kate and Brian Bulthuis
Bill and Nancy Carter
Michael and Jennifer Casey
Davin Chor and Mary-Ann Tan
Mr. Robert Cowden III
Kinson and Keri Craft
Marilyn Crichlow
Thomas C. and Judith B. Csatari
Drs. Lawrence and Linda Dacey
Margaret Darrow
Bryant and Marilyn Denk
Dr. Sergey Devitskiy and Dr. Alla Devitskaya
Robert and Mary Donin
R.W. Husband and Pamela Ely
Harold Frost
Gail Gentes and Philip Hanlon
Olivia Gentile and Andy Borowitz
Bill and Kathy Geraghty
David and Cindy Glueck
Eileen Wang and Charles Gray
Barbara Hall
Andrea and Mike Harris
Betty Heston
Kim and Simon Hillier
Mr. and Mrs. John Hochreiter
James W. and Kathryn C. Hourdequin
Nicholas and Judith Jacobs
Debra and John Jayne
Glenn and Patricia Johnson
Kathleen Jones and Donald Perovich
Alison and Nirav Kapadia
Eric and Maureen Krauland
Jason and Mimi Lichtenstein
Dave Loebel
Mrs. Anne Low
Erzo Luttmer and Ellen Meara
David and Ann Malenka
The Mancini Family
Sally and Ralph Manuel
Dr. and Mrs. Michael Mayor
Stephanie and Philip McCaull
Marlene McGonigle
Nancy B McLaughlin
Patricia Min and Richard Greger
Mr. and Mrs. Randy Mudge
Elizabeth and Jim Napier
Dr. and Mrs. Richard E. Nordgren
Nancy Parker
Anne Pattison
Nina Pavcnik and Eric Edmonds
Kelly and Harold Pikus
Winthrop Piper and Mundy Wilson
Stuart Pompian
Jona Roberts and Jennifer Rickards
Matt and Margaret Rightmire
Les and Diane Riman
Kevin and Suzanne Schon Foundation, Inc.
Lynn and Gary Schwartz
Kathy and Robert Snyder
Michael and Jennifer Taxman
Nancy S. Tierney
Paula Tsai
Chris and Emilia Warrington
Sharon and John Weaver
Charlie and Leah Wheelan
Kathy and Steve Wilkerson*
Jenny and Stan Williams Children’s Fund of the Upper Valley
James and Susan Wright
BOOKWORMS
Joshua Aronson
Mary Allen
Ginia Allison
Patty Armstrong and Fred Perkins
Mr. & Mrs. Dwight Aspinwall
Gert and Jan Assmus
Alice Baertschieger
Sharry Baker
Lisa Baldez and John Carey
Jeanne and Perry Ball
Nina Banwell
John and Virginia Bayliss
Ann and Mark Beams
Martha and Jim Beattie
Mark and Laura Beliveau
Andrew Bernard
Judith and James Bernat
Dr. & Mrs. Michael Bettmann
Bill and Cyndy Bittinger
Tom Blinkhorn
Gunnar Blix and Michele VanderHeyden
Anne L. Boswell
Bill and Susan Boyle
Ann and David Bradley
Barbara Duncan and Gary Brooks
Richard and Lin Brown
Sarah and Jay Buckey
Mary Ann and Len Cadwallader
Barbara and Alan Callaway
Ralph and Susan Carlton
Jocelyn Chertoff
Kathy and Peter Christie
Lindsay and Marcus Coe
Stan and Judi Colla
Dr. and Mrs. Dan Collison
Meg Colton
Marjorie Cook
Sylvia L. Cook
Susan and Jonathan Crane
Mimi Curphey
Jane Darrach
Joan Doig
Julie and John Dolan
Margaret L. Drinker
Katie Eaton
Heidi Eldred
Alison Evans and Eli Deeb
Trevor Fairbrother and John Kirk
David and Leslie Fall
George and Patricia Fowler
Lindsay and Patrick Fox
Andy Tuthill and Susan Frankenstein
Julie and Mark Franklin
Peter and Marcia Frederick
Frances Friedman
Karen and Jim Geiling
Gail Kuhl and Wayne Gersen
Roger and Betty Lameyer Gilmore
Ben and Sarah Gilson
Pat Glowa and Donald Kollisch
Laura-Beth Goodman
Sean and Alison Gorman
Mariruth Graham
Ms. Julia Griffin and Mr. John Steidl
Cristina and Bill Hammond
Kevin Cotter and Susan Hanifin
Robert and Ann Hargraves
Alice and John Harrison
Jill and Bill Hatch
Elaine K. Hawthorne
James and Nancy Heffernan
Pete and Ann Henderson
Dr. and Mrs. Michael Herrick
John W. and Nancy Canavan Heslop
Helene Hickey
Grace Hope Hill
Sandra Hoeh
The Holthoff Family
Becky Hooper Holland
Rodney Rose and Jeffrey Horrell
Ted and Kathy Jastrzembski
Margaret and Chris Jernstedt
Ryan and Ally Johnson
Dr. and Mrs. Robert Keene
Ron and Carol Keenhold
Thomas and Lia Kehler
Pattrawadi and Francis Kennedy
Lindsey Klecan & Matt Slaughter
Suzanne Laaspere
David and Nancy Lagomarsino
Fred and Ruth Lappin
Laura and Jim Larrick
Barbara and Frank Lesher
Dianne Levine
Frank and Drewry Logan
Bruce and Martha Lorden
Steve and Allegra Lubrano
Barbara Lynch
Linda MacKay
Larusson Family
Don and Arlene Mahler
Jeannie Mallary
Katie and John Manchester
Liz and Matt Marshall
Marjorie and James Matthews
Kristine and Pat McDevitt
Mark and Gail McPeek
Roger and Linda McWilliams
Finetta Veronica Mellish
Carrie Michelson and Leah Gitajn
Sarah Miles and Kevin McCurdy
Marie Miller
Chris and Kim Milliman
Jerry and Nancy H. Mitchell
Shirley and David Montgomery
William and Margaret Montgomery
Jill M Mortali
Jim and Wendy Murphy
Deborah Nelson
Chris Nice
Walter and Joyce Noll
Brenda Nunnally
Polly and Henry Parker
Daniel and Adrienne Peraza
Joan L. Piccolo
Frank and Betty Pizzuti
Dick and Melanie Podolec
Sukie Punjasthitkul
Joanna E. Rapf
Custom Tours & More
Michael Wagner and Laura Rice
Mary Lougee Ripley
Kathryn and Kris Robbins
Evelyn Roberts
Dennis & Louise Robison
Daniel and Ellen Rockmore
Herb and Lois Roland
Dena Romero
Jay and Colleen Rozzi
Bruce and Michele Sacerdote
Irasema Saucedo and Antonio Gomez
Jill and John Schiffman
The Richards Group
Stephen and Susan Shadford
Liese Shewmaker
Rob Shumsky
Iain and Caroline Sim
Sarah Slater and Matthew Lotterhand
David and Margaret Solberg
Peter Solberg and Lisa Furmanski
Stephen and Judith Solberg
Terryl and Dodd Stacy
Doug and Beth Staiger
The Starkey Family
James and Pegge Strickler
Renshaw - Taylor Family
Buddy and Kirsten Teevens
Vijay Thadani and Onita Connington
Paul and Suzanne Thompson & Family
Rita and William Tingle
Elizabeth Tobiasson
The Madonia Family
Brenda Vale
Elizabeth Vesley-Gross
Noelle Vitt
Timothy and Susan Wagg
Mr. David Webb
Susan Weeks
M. Jane Welsh
Huntley and Lynne Whitacre
Sandra White
CORPORATE SPONSORS
We can’t thank our wonderful and dedicated champions of the Howe Library enough. Your donations and financial support breathe life and energy into our little library and we are grateful for the continued and steady efforts of this community—read some of the stories of patrons and supporters on the website under “Your Howe Stories”.
In the past year we have implemented a new way for companies, corporations and groups to support the Howe and receive benefits throughout the year. The Community Sponsorship Program allowed us to shift our fundraising to a yearlong benefit program instead of just giving those the opportunity to sponsor the Howel Classic. Now there are ways for businesses and groups to be mentioned in newsletters and online and recognized during the many programs and events organized by the Library. We were able to raise more than $33,000 which surpassed our previous dollars raised for Howel Classic sponsorships. Between the Annual Fundraising and Community Sponsorship Program we have exceeded our expectations for the year.
Mariruth Graham, Development Chair Howe Corporation Board
Ms. Karen Williamson
Morton Wise
Jimmy and Marjorie Wu
Arthur and Jeanne Young
Dr. and Mrs. William Young
Emily Zeitler
COMMUNITY BOOKSHELF
Amazon Smiles
IBM International Foundation
Carol Abbey and Thomas Urgo
Jeffrey and Beverly Balch
Jane Barlow
Ingrid Barrett
Cheryl Bascomb
Jim and Jean Behnke
John and Jessica Bell
Peter and Chrysanthi Bien
Margaret Bragg
Katherine Britt
Jessica and Gabe Brooks
William and Jean Brown
Kenneth and Marion Burchard
Mike Choukas
Dave and Ann Cioffi
Richard and Ellen Clattenburg
Pat and Monte Clinton
Christopher Connor
Ellen Cutts
Helen and Gus DeMaggio
Elizabeth Dollhopf-Brown
David Dostal
Chenoa Dovon and Matthew Lunetta
Woody and Emily Eckels
Susan and Brian Edwards
RARE BOOKS
Bionic Advertising Systems
Global Forest Partners LP
JMH Wealth Management, LLC
Mascoma Bank
The Jack and Dorothy Byrne Foundation
Ulysses Diversified Holdings, LLC
FIRST EDITIONS
Andrea and Tom Ciardelli
Ledyard National Bank
Peraza Dermatology Group
White Mountains Capital, Inc.
CLASSICS
Barrette Family Fund of the New Hampshire Charitable Foundation
Barbara and Brad Evans
Peter J. McLaughlin and Jane Kitchel McLaughlin
Family Foundation
New Hampshire Charitable Foundation
Northeast Credit Union
The Fannie M. Lienhard
Foundation
Linda and Rick Ely
Clifford and Felixa Eskey
Amy and Chip Fleischer
Corinne Fortune
Hanover Garden Club
Mr. W. Charles Gibson
Kirsten Giebutowski
Leah Goat
Ralph Hammock
Patricia and David Harrison
Suzanne Hawley
Helen Hong and Sergi Elizalde
Robert and Beverly Houghton
Veronica Ingham and Rafael La Porta
Robert and Sylvia Jaccaud
Konrad Kenkel and Jocelyne Kolb
Sarah-Jane and Philip Kerr
Eugene and Judy Kohn
Katherine and Jake Kransteuber
Thomas Lanzetta
Michael Liu and Shaofeng Yan
The Lovejoy Family
Jim and Elizabeth Lustenader
Phoebe Manchester
Drew and Susie Matter
The McNulty Family
Pamela and William Miles
David R Moore
BEST SELLERS
Adimab LLC
Bar Harbor Bank & Trust
Caldwell Law
Charter Trust Company
Coldwell Banker
Lifestyles
Commonwealth Financial Network
Decker & Pilon Dental
Downs Rachlin
Martin PLLC
Estes & Gallup
FreshAir Sensor LLC
Gallagher, Flynn & Company, LLP
Global Rescue LLC.
Granite Value Capital, LLC
Teal and Siddha Parker
Lisa and David Pastel
Barbara Payson
Laurent & Irina Perreard
Angela Plagge
Edith Poor
Peter B. Rankin, Sr.
Lise and John Richardson
Virginia and Ellis Rolett
Diane Roston
Cathleen Scanlan
The Schembri Family
Mary Schneider
Ann Semprebon
Paul and Rubi Simon
Mrs. Barbara Smith
Tracy Smith
John and Mary Snell
Malcolm and Barbara Swenson
Suzanne and Peter Talbot
Louise Nunan Taylor
Peter Travis and Carol Westberg
Heidi and Tom Trimarco
Robert Weatherill
Priscilla Weismann
Priscilla Williams
Genevieve Williamson
Martin and Yolanda Witschi
Theresa Wood
Stephen and Suzie Woods
Julia Wybourne
Hypertherm H.O.P.E. Foundation
LindeMac Real Estate
New Hampshire Humanities Council Inc.
Snyder, Cahoon & Co., PLLC
Snyder Donegan Real Estate Group
The Christman-Horvath Foundation
Von Bargen’s Jewelry
Wells Fargo Advisors, LLC
Wheelock Terrace
Patrons didn’t let our COVID closure stop them from reading. Many people shifted to an electronic mode of accessing materials (OverDrive) or accessed the physical collection through the Take-Out program.
Collection Use
Fiscal Year 2021
TOTAL BORROWED
130,791 WEEKLY AVERAGE
2,515
A total of 37,422 Take-Out bags were prepared with approximately 720 items distributed per week.
EAUDIO eAudio usage rose by 18%.
FY20 FY21
FY20
FY21
15,622
19,248
EBOOKS eBook usage increased by 49%.
12,135
VIDEO
17,136
FY21 saw the introduction of video streaming using Kanopy, RBD and Hoopla services.
12,582 VIDEOS STREAMED
Join the Howe Sustainers Circle Donate thru the Monthly Giving Program
Please consider going online now to set up an automatic monthly donation to Howe Library. Your participation in the monthly giving program signals your commitment to the Howe and provides consistent financial support for the library throughout the year. Simply go to our donation page and choose monthly under donation schedule: www.howelibrary.org/donate
The Financial Howe
Like many businesses and non-profits, The Howe Library Corporation continued to be disrupted by covid-19 during 2021, with access limited to electronic downloads of books and safe pick up of books reserved through our website. Despite those challenges, our balance sheet was better than anticipated with revenues exceeding our budget expectations and expenses well contained. $24,400
OPERATIONS
The Howe Library relies on three sources of funding: the Town of Hanover, the Howe Library Corporation operating cash flows and our Endowment. Pursuant to a Memorandum of Understanding, the Town primarily funds personnel and day-to-day operations and the Corporation supplements this with funds for programs (adult and youth), collection support, building enhancements and new initiatives.
For fiscal year 2021, the Town funded $1,551,366 of overall operations, while the Corporation withdrew $50,000 from our Endowment. The Endowment drawdown, which was roughly 1% of the average value of the investment portfolio, offset an operating shortfall and enabled the Corporation to meet its cash flow needs. The 1% drawdown was well within the 3% spending policy of the Endowment.
REVENUES
Contributions to the Annual Fund are always our largest and most essential source of revenues, but difficult to predict. Amid the economic uncertainty, it was gratifying to see donors contributing nearly $416,000 to the Annual Fund; an amount substantially more than we had budgeted. However, we were the beneficiary of two unanticipated generous gifts totaling nearly $274,000 which represented 65% of total contributions for the year. Absent those two gifts, our cash flow would have been considerably lower. With our signature fundraising event,
The Howel Classic, sidelined again, we redirected our fundraising to corporate sponsorships and the response was impressive. Corporate sponsorships provided another $28,500, which exceeded our expectations, and enabled us to record total revenues higher than we had anticipated for fiscal 2021.
EXPENSES
Expenses for fiscal 2021 totaled $202,000 and were well below budget. A breakout of expenses is shown in the circular graph. Despite the challenging environment, we increased spending on our core mission of providing public services (collections and adult and youth programming) to $82,545.
FINANCE COMMITTEE
The Finance Committee has the fiduciary obligation to manage the Endowment in the best interest of the Howe Library Corporation. During 2021, the Finance Committee updated the Investment Policy Statement, which governs the management of our Endowment investment portfolio, and reaffirmed an investment objective that seeks real long-term growth above inflation. To achieve this objective and control risk, the portfolio continues to be well-diversified across many asset classes. The Committee also conducted a search for a new investment manager for the Endowment over the past year and selected Mascoma Wealth Management as our new Endowment investment manager.
ENDOWMENT
Reflecting the healthy returns in the financial markets, especially the US stock market, the Endowment increased in value to approximately $5.5 million as of June 30, 2021 vs $4.2 million from the prior fiscal year end. The increase in the Endowment also benefited from generous contributions from community members.
Endowments play a critical role in supporting operating activities for most non-profit organizations even during normal times. During periods of economic stress, funding from Endowment assets becomes more vital and we’re grateful we had the financial resources of the Endowment to call upon in 2021. However, we’re also reminded that we are stewards of the assets and must prudently manage the Endowment for the benefit of our community today and for tomorrow.
Jeffrey M Harris Treasurer and Finance Chair
2021 Howe Library Corporation Annual Report
13 South Street Hanover, NH 03755
603-640-3260
