VI. 2007 ANNUAL REPORT
The Public Library Foundation has as its primary purpose the establishment and
maintenance of an endowment for the continuing support of the Seguin-Guadalupe
County Public Library. In 2007, as of October, funds from the foundation have provided
four computer processors with Microsoft Office Pro, two Dell 19 inch flat panel
monitors, and one year subscriptions to Value Line, Morningstar, Barron's and Investor's
Business Daily. Other materials were purchased using designated gifts from individuals.
The foundation's gift to the library in 2007 increased by more than 30% over its 2006 gift.
As of September 28, 2007, the assets of the foundation totaled $653,996.44, an increase
of more than $140,000 from the same date in 2006. Two-thirds of the endowed funds are
invested in fixed income accounts and one-third of the endowed funds are invested in
equity accounts.
New members joining the foundation are Margaret Hopkins and Jolly Ann Ellis. They
replace DeLois Garrett and the late Dr. Elizabeth Hollamon.
Why do I support the library? When our grandchildren come to visit, the first thing they
ask is, "Grandma Sandra, where are our library books?"
Your support of your library foundation is most welcome. In this age when so
many need access to information it is important to continue this support. Gifts
to The Public Library Foundation are deductible within the limits of the law for income
tax purposes. Gifts of appreciated securities are also appreciated and may provide you
with certain tax advantages. In addition, you may wish to consider including The Public
Library Foundation in your estate plans. We suggest that you consult your financial
advisor or attorney in the event that you wish to make gifts of securities or bequests. If
you wish to make a cash gift please make your check payable to The Public Library
Foundation, 707 East College Street, Seguin, TX 78155-3217.
Sincerely yours,
Sandra Moline, President
The Public Library Foundation
VII. GIFTS MADE TO THE LIBRARY
Recent gifts to the library include books, subscriptions to financial publications,
and computers and associated equipment.
VIII. THE FINANCIAL GOAL
The financial goal of The Foundation is to provide, over a period of years, an endowment
of at least $1,000,000. This will require many generous gifts. Gifts to The Foundation
will be added to the principal of the endowment.
As of January 1, 2008, The Foundation had reached nearly sixty five percent of its minimum
financial goal of $1,000,000.
For more information contact The Foundation President.
