Winter 2011
a quarterly newsletter from the Madison Public Library Foundation
FOUNDATION NEWS Monroe Street Library League Establishes Branch Endowment Fund Just before the two-year anniversary of the Monroe Street Branch’s reopening, the Monroe Street Library League donated $10,000 to seed an endowment fund for their neighborhood branch as an investment in its future. “This is a much beloved branch,” said Orange Schroeder, president of the Monroe Street Library League. “We believe that it is not only a place for making use of the library’s extensive collection of materials and other resources, but also a place for us all to interact with our community. We invested in this endowment fund to ensure that this branch library will serve the Monroe Street area well into the future.” Endowment funds ensure a perpetual stream of income to support collections, programs and other library needs of coming generations.
“Endowment funds allow us to adapt to what tomorrow brings, whether it’s new technology, changing community needs, or innovative ways of accessing information.”
“The landscape of library services is constantly evolving,” said Jenni Collins, Executive Director of the Madison Public Library Foundation. “Endowment funds allow us to adapt to what tomorrow brings, whether it’s new technology, changing community needs, or innovative ways of accessing information.” When a library campaign exceeds its goal, the additional funds are used to establish a branch endowment. After the Goodman South Madison Branch met its fundraising goal in June of 2010, the foundation created an endowment of $136,000. The Madison Community Foundation currently manages endowment funds for Sequoya, Lakeview, Hawthorne, and Pinney Branches, as well as funds for special collections. “Endowments are a great way to ensure the future health of our public libraries,” said Collins. “It’s a gift that keeps growing and giving for years to come.”
A Review of Ex Libris Thank you to our event partners:
This October, the Library Foundation teamed up with local brewers and chocolatiers for its annual fall fundraising event. The event, ‘Ex Libris: A Review of Beer and Chocolate,’ featured a presentation by Madison author Jim Miller and artisanal beer and chocolate pairings from local brewers and chocolatiers. “From a culinary perspective, the novel pairings provided many delicious surprises,” said Tom DeChant, event committee chair, “and we brought together many long-term supporters and new friends to make the event a success.”
— Tasting Partners —
Event Committee Member Lainie Barber and friend Annie Levihn sampling a local brew.
— Contributing Sponsors —
The event netted over $20,000 for the Madison Public Library Foundation to support facilities, services, and programs in each of the nine library branches. “We’ve set the bar high for future fundraisers,” DeChant said. “We can’t wait for next year.”
— Sustaining Sponsor —
Husband and wife jazz duo Megan and Nick Moran entertain the crowd.