Our financials are audited each year by an independent firm of Certified Public Accountants and 990s are available upon request.

Every contribution given to the Foundation is carefully managed in order to provide the greatest benefit to those using the Library and participating in its programs. The Foundation supports the Library both through its Annual Fund and Endowment Fund.

Annual Fund
The Annual Fund is a critical part of our organization. The chart at the right shows you how your contributions to the Annual Fund are utilized. Over three quarters of every dollar directly supports programs and greatest needs at the Library. The remainder supports our operations and encourages new revenue sources. Unrestricted gifts to the Annual Fund are the lifeblood of the organization as they allow us to operate effectively and support the Library with quality programs and materials.

To put in perspective the importance of the Annual Fund:
A $125 Annual Fund gift has the same impact on the Foundation's budget as a $2,500 Endowment Fund gift. Since 5% of the interest earned from the Endowment Fund is given to the Library annually, a $2,500 Endowment Fund gift would generate $125 for the Library in one year.

Endowment Fund
A source of ongoing support, our Endowment Fund is held in perpetuity and managed by Canterbury Consulting, Inc. of Newport Beach, CA. The experienced management group is dedicated to helping the Foundation meet its investment objectives and provide long term protection for the Library system. Each year, we can spend only part of the interest earned on the Endowment Fund - approximately five percent in total. That five percent is given to the Library for its greatest needs and programs. The larger the fund, the greater the interest earned and the larger our gift to the Library each year.