Endowments

The Durham Library Foundation Board of Directors has developed independent and prudent investment strategies to maximize restricted gifts for long-term benefits to the library. As of June 30, 2019, the Foundation had over 4.5 million dollars under management. The current policy allows for an annual grant distribution to the Durham County Library of 3%-4% of a three year rolling average of endowment balances.

Each spring, the Board of Directors determines the amount of available funding, and the Library Director submits proposals that fulfill the following endowment purposes.

Humanities

  • NEH Humanities Endowment
  • Semans Humanities Endowment
  • C. M. Herndon Humanities Endowment
  • BP-Family Fare Humanities Endowment Fund
  • E.T. Rollins, Jr. and Frances P. Rollins Humanities Endowment

Teens

  • The Andrew Goodridge Memorial Endowment Fund
  • Dale Gaddis Endowment Fund for Youth Services

Children

  • GSK Literacy Endowment
  • Timmins Endowment for Summer Reading
  • Friends of the Durham Library (Youth 1-18)
  • Kiwanis Endowment for Children’s Programs

Collections

  • Mary Louise Vincent Back Memorial Endowment
  • Barada-Noell Family Endowment for Large Print Books and Audio Books
  • Friends of the Durham Library (EZ Readers)
  • Fox Family Foundation Endowment
  • Odile Alloin Gould Endowment for Children’s Literacy
  • The Jonathan Henderson Memorial Endowment

Special Collections

  • The Willis P. and Leona P. Whichard Endowment for the North Carolina Collection

Outreach/Bookmobile

  • Merle D. Umstead Endowment Fund for Outreach

 

Subscribe to our Newsletter