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LIBRARY ENDOWMENTS:: Building Equity

Susan Goldberg (Consultant in the areas of planning, fundraising and proposal development, organizational development, and management.)

The Bottom Line

ISSN: 0888-045X

Article publication date: 1 January 1991

Abstract

Many libraries, academic and public, are beginning to consider establishing endowment funds based on models successfully employed in hospitals, academic institutions, and major arts organizations throughout the United States. An endowment is a pool of assets held by an institution and invested for long‐term growth. The annual income (interest) from the endowment can be used by the institution or reinvested to expand the endowment. The principal of the endowment (the corpus) should not be “invaded” but, rather, permitted to grow and accrue more interest.

Citation

Goldberg, S. (1991), "LIBRARY ENDOWMENTS:: Building Equity", The Bottom Line, Vol. 4 No. 1, pp. 22-23. https://doi.org/10.1108/eb025271

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited