Walpole Public Library Endowment
Walpole Public Library Endowment Trust
The Walpole Public Library Endowment was created in 2001 to supplement funds flowing to the Library from the Town of Walpole. The trust document explicitly forbids using the Endowment to replace funds given by the Town to support library services. The Endowment will focus on improving the Library's collections which will provide new and special programming and services.
How it Works
Individuals, businesses or foundations can contribute to the Endowment through gifts of cash, publicly traded securities or property. Gifts are held in perpetuity to provide capital that will generate an on-going and reliable source of future income for the Library. by establishing and growing this endowment, we assure that the Library will be able to meet the demands of a growing Community.
The funds are professionally managed to ensure the safety of capital and maintain a proper balance between meeting income requirements and preserving capital to meet future needs.
A Tradition continued
The Walpole Public Library has played an important part in our Community since 1876. A long tradition of private giving has enriched the Library throughout these 125 years. The Endowment builds on that tradition of strong community support.
Continuity - Gifts will continue to provide support to the library over the years.
Perpetuity - The Endowment has been established for the assurance that the proceeds will be used to provide library resources for the community well beyond the donor's lifetime.
Tax benefits - Donations are deductible to the extent allowed by the IRS Code.
Ways of Contributing
There are many ways contributors can give. The manner in which you give is a matter of personal preference. Contributions may take the form of:
Gifts of cash
Gifts of property
Gifts of stock or securities
Gifts through a corporation or business
Bequests in wills
If you would like to help build the Library's legacy with a contribution to the Endowment, you may do so by sending a gift payable to the Walpole Public Library Endowment Trust c/o Walpole Public Library, 143 School St. Walpole, MA 02081. If you have questions or a need for further information please contact the Library Director at 508-660-7334.
Maureen Martin Smith