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Foundation Guidelines

Below are some guidelines to consider in setting up a foundation.

The foundation:

  • must have its own long-range or strategic plan for donor confidence,
  • must have a clear picture of the composition of its board,
  • need experienced fundraisers,
  • maintain contacts with community philanthropists,
  • be composed of civic-minded individuals who are library supporters but not necessarily library users,
  • must understand its role is different from either the board of trustees or the Friends of the Library,
  • must be capable and willing to do its own work and have its own budget,
  • cannot expect the library staff or director to do its paperwork, etc.,
  • cannot expect the library to absorb its expenses,
  • must recognize that foundation fundraising involves large sums of money rather than small events which are better suited to Friends direct fundraising efforts.

 

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