Endowment for Mashpee Library Established by Friends: December 2015 Press Release

MASHPEE, Dec. 16—The Friends of the Mashpee Library has set up an endowment for the library. “We expect the endowment to grow and attract major donations that will ensure our library has the extra funding it needs to serve the community well for years to come,” said Ann Macdonald, President of the Friends’ Board.

Contributions to the Friends are tax-deductible. The endowment funds are invested to earn interest, under the management of an Investment Committee. The endowment was initiated by Ceil Sneider, outgoing president of the Friends and endorsed by the Library Trustees.

The Friends’ fundraising had a big boost this year thanks to a successfully completed challenge grant of $50,000 from Robert Selander in memory of his parents, Gloria and Herb Selander. The Selanders were enthusiastic Mashpee Library supporters and Mrs. Selander was a former Mashpee Library Director.

“We raised $50,000 towards the Selander matching challenge with the help of a special bequest from the estate of Mashpee resident Dottie Bottos, plus a very successful Gala and Auction to celebrate the library’s fifth year,” Ms. Macdonald said.

The Friends help the library by supplying needed materials (books, subscriptions, films, etc.) and equipment beyond the state and local budget allocations. This year, for example, the Friends bought 10 iPads for patrons to use at the library, and supplied museum passes and other materials.

 “We have a very beautiful and busy library,” Ms. Macdonald said, “and we want it to be assured of future support. Older towns on the Cape have large endowments for their libraries, and Mashpee  needs to have a similar advantage.”

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