Friends of APL Endowments
Friends of Appleton Public Library holds and manages six distinct endowments as a permanent source of funding for Appleton Public Library. What is an endowment?
An endowment is a gift of money or other donated property (stocks, bonds, real estate, etc.) invested to financially sustain the mission of the library long into the future. A permanent endowment fund is intended to last forever. Think of an endowment as an investment in the lives of those to come, a promise without end, made by today’s donors to the future.
The gifts you contribute to an endowment are referred to as the “principal” or “corpus”. These gifts remain intact and are invested so that the endowment will continue to grow. Each year, an annual distribution is made available to the Friends to be used for the fund purpose. Anyone can add to an existing endowment at any time and in any amount.
Members of our community have generously donated funds to create agency endowments as a permanent source of funding for Appleton Public Library. In turn Friends has partnered with the Community Foundation of the Fox Valley Region to create the endowments. CFFVR provides a prudent investment vehicle for these generous gifts, which ensures that our cherished library will have much needed resources for the future.
Below are the endowments held by the Friends. You can designate your gift to an endowment at the time of your donation.
Judy & Austin Boncher
Endowment Fund
This endowment fund supports music, reading, and participation in the arts. Judy and Austin are committed to ensuring that all ages and all cultures experience the love of music, the joy of reading and listening to stories. This fund will increase audio and large print books and enhance library programs like Symphony Storytime and other musical pursuits. They believe all community hearts deserve access to the arts.
Connie & Peter Roop Endowment Fund
This endowment fund supports library programs and services related to nature, ecology or the environment. The Roops are dedicated environmentalists and are committed to combating climate change. They established this endowment as a way to motivate and engage the next generation to care for our planet.
Sandra & Dr. Monroe Trout Endowment Fund
This endowment fund supports innovation in children’s services, with a focus on tweens and reluctant readers. Dr. and Mrs. Trout are committed to supporting children’s education. The Trouts have a special interest in tweens and reluctant readers knowing that this is an age group that is often neglected and overlooked.
Appleton Library Foundation Endowment
This endowment fund is an unrestricted fund that supports library programs, materials, technology innovations, operations, and community outreach.
John & Virginia McMahon Endowment Fund
This endowment fund supports children's programs at Appleton Public Library. This endowment was established in memory of Virginia Stockhausen McMahon in 1991, a founder of Friends of Appleton Public Library. The endowment was renamed in memory of her husband John after his passing in 2005.
Iris Olsen Glidden
Memorial Endowment
This endowment fund supports the purchase of audio-visual and multimedia materials for the library's collection. Iris Glidden was a noted Wisconsin librarian who believed libraries are an essential cornerstone for a literate society and a civil community.
