ENDOWMENT

ENDOWMENT Academic libraries often wish to build endowments as a principal goal of fund raising activities. For example, one library development brochure begins Northwestern University Library's most pressing need is for endowed funds for the purchase of library materials. Because carefully managed endowments can yield sustained purchasing power, they can assure the sustained collecting essential for building the most useful research collections. Some libraries, like Vanderbilt's, have endowments that help support maintenance of a library building. Creating an endowment for building maintenance is a natural concomitant of raising funds to build because it serves much the same purpose sustaining library operations over the long term. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Bottom Line: Managing Library Finances Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0888-045X
DOI
10.1108/eb025286
Publisher site
See Article on Publisher Site

Abstract

Academic libraries often wish to build endowments as a principal goal of fund raising activities. For example, one library development brochure begins Northwestern University Library's most pressing need is for endowed funds for the purchase of library materials. Because carefully managed endowments can yield sustained purchasing power, they can assure the sustained collecting essential for building the most useful research collections. Some libraries, like Vanderbilt's, have endowments that help support maintenance of a library building. Creating an endowment for building maintenance is a natural concomitant of raising funds to build because it serves much the same purpose sustaining library operations over the long term.

Journal

The Bottom Line: Managing Library FinancesEmerald Publishing

Published: Feb 1, 1991

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