221 S. Park Avenue
Kendallville, IN 46755
Phone: 260.343.2010
Fax: 260.343.2011
E-mail address:
info@kendallvillelibrary.org
Founded in 1990 to aid in the financial support of the Kendallville Public Library, the Foundation will only use the interest from the principle for donations to the Kendallville Public Library by "Investing in the Future of Your Library." The Foundation qualifies as a tax exempt status 501(c)(3) Not-for-Profit Corporation.
The endowment program is managed by a board of at least five and not more than
ten trustees, and each serves a three year appointment. At least three library
board members serve with appointments to the endowment board made by the library
board of trustees.
The Foundation for the Kendallville Public Library, Inc. is organized to improve
the financial strength of the Kendallville Public Library which is a tax
supported institution. The Foundation will provide an independent source of
financial support outside the tax system to ensure a strong and stable library
program for future generations, which includes expanding programs as well as
facilities. It will receive support from individuals and businesses through tax
exempt cash gifts, living trusts, straight life or paid-up life insurance. These
funds will be held in perpetuity, with the earned income being used for specific
or general purposes. The residents of the Library's tax district will be the
recipients of the Foundation's benefits.
Andrew Carnegie, industrialist who became a great philanthropist, wrote, "The
great joy in life is getting, not having; and the greater joy is in giving not
keeping." Although we may not have millions to give as did Carnegie, most of us
can experience the "greater joy of giving" if we carefully plan by "Investing in
the Future of Your Library."
First, contact your lawyer. If you do not have a lawyer, check with your
accountant, financial advisor, trust officer, or life insurance underwriter.
Effective estate planning is often a team effort, and it is important that you
feel comfortable with those helping plan your endowment to the library.
This is a unique and challenging opportunity to do something special for
yourself and your community. You can be involved in an excellent program to give
direction and continued support by "Investing in the Future of Your Library."
The Kendallville Public Library provides many services to the Noble County
community:
If you desire more information, contact the library director indicating your
interest in the Foundation for the Kendallville Public Library Endowment
Program. Arrangements for endowment gifts can also be arranged through your
financial advisor, attorney, or agent. "Investing in the Future of Your Library"
can be very rewarding for you and your community.
221 S. Park Avenue
Kendallville, IN 46755
Phone: 260.343.2010
Fax: 260.343-2011
E-mail address:
info@kendallvillelibrary.org
Brad Baker, Director
Carla Butler, Director
Dr. Chris Frazier, Director
Hal Schafer, Director